SBI’s Largest Defaulter: Dhoot’s ₹61,000 Cr Personal Guarantee Turns into Insolvency Proceedings BW Businessworld Read the original article here
Sasha Ivanov, the founder of the Waves blockchain, has spent the better part of four years living inside one of modern finance’s strangest afterlives: being pursued by the bankruptcy managers of a company that blew itself to pieces in 2022 and now has enough money to pay many creditors not just in full, but beyond…
The Treasury just declared the US insolvent. The media missed it MSN Read the original article here
New Delhi: The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot extend to other projects of the corporate debtor. The appellate tribunal highlighted that putting all other projects of the realty firms, which are…
Finance Minister Nirmala Sitharaman on Saturday defended the Insolvency and Bankruptcy Code (IBC) against criticism over recovery rates, asserting in the Rajya Sabha that the framework is designed primarily for resolution and value maximisation rather than mere recovery. Citing official data, she said the IBC has enabled the resolution of 1,376 companies, with creditors recovering…
NCLAT reaffirms project-specific insolvency proceedings against realty firms MSN Read the original article here
NCLAT reaffirms project-specific insolvency proceedings against realty firms The Economic Times Read the original article here
National Company Law Appellate Tribunal ruled that insolvency proceedings by homebuyers must be limited to the defaulting project only, not entire realty firms. The tribunal stressed protecting other projects and stakeholders while confining claims and CIRP strictly to the concerned project Published Date – 12 April 2026, 11:31 AM … Read…
NEW DELHI: The Enforcement Directorate (ED) has seized cash and valuables worth Rs 13.8 crore following raids against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, sources said. “The agency conducted raids on a debt-ridden Delhi real estate company and recovered Rs 6.30 crore in cash and jewellery worth…
Will Pakistan go bankrupt after repaying UAE’s loan? What math says MSN Read the original article here