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
Lim Tean bankruptcy is confirmed in Singapore’s Government Gazette on Apr 11, and MinLaw says no annulment or discharge has been ordered. For investors, this spotlights how Singapore bankruptcy law is applied with clear, firm rules. We explain what “no discharge” means, how an Official Assignee discharge works, and the typical restrictions while undischarged. The…
Sanwaria Consumer Reports No Demat Requests for March 2026 Quarter Amid Insolvency Process TipRanks Read the original article here
Sanwaria Consumer Limited Reports Zero Dematerialization Requests for Quarter Ended March 31, 2026 scanx.trade Read the original article here
Got story updates? Submit your updates here. › Nacon’s financial troubles and the postponement of its major game showcase expose the fragility of the digital infrastructure powering the gaming industry.Chicago Today Nacon, the French gaming publisher, has postponed its highly anticipated Nacon Connect showcase until later in May, citing financial troubles stemming from a missed…
The Supreme Court has held that a multi-state co-operative society can invest in another company, including as a resolution applicant under the Insolvency and Bankruptcy Code, 2016, only if the target company is either its subsidiary or engaged in the “same line of business”.A bench of Justice JB Pardiwala and Justice KV Viswanathan clarified that…
New Delhi, Apr 11 (PTI) The Enforcement Directorate (ED) has seized Rs 6.3 crore in cash and jewellery worth Rs 7.5 crore following searches against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, officials said on Saturday. The action under the Prevention of Money Laundering Act (PMLA) was launched…
In a recent ruling, the Supreme Court has clarified the investment powers of multi‑state cooperative societies, holding that such entities cannot use the insolvency process to acquire companies operating in unrelated industries. The Court interpreted the phrase “same line of business” under Section 64(d) of the Multi‑State Cooperative Societies Act, 2002, as requiring substantial similarity in core…