LIC Housing Finance Clarifies NCLT Ruling on Subhash Chandra’s Insolvency and Security Interests

Market snapshot: LIC Housing Finance has clarified that the National Company Law Tribunal’s approval of Dr. Subhash Chandra’s personal guarantor repayment plan will not impact its primary security interests. While the plan offers a minuscule direct payout against the lender’s admitted dues, the company confirmed that it continues to hold and enforce mortgages over the…

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Bathla owes billions as administrators reveal scale of real estate group’s collapse

The failure of Sydney developer Bathla is turning into one of the country’s biggest real estate collapses, after administrators revealed that the estimated $3.3 billion owed to creditors did not include the deposits paid by thousands of apartment buyers across hundreds of construction projects. Teneo, the administrators appointed to the property development giant, warned “the…