SINGAPORE, April 11— Singaporean lawyer and Opposition politician Lim Tean has denied reports that he has been declared bankrupt and said he plans to sue two Singapore-based news outlets for defamation. Lim said he is “not a bankrupt” and accused both CNA and Mothership of publishing “highly defamatory” articles stating otherwise. “They sought my comment…
Introduction: The present case, M/S Nirmal Ujjwal Credit Co-operative Society Ltd. v. Ravi Sethia & Ors., brought before the Supreme Court of India, raised a significant question concerning the permissible scope of investments by a Multi-State Co-operative Society (MSCS) under the Multi-State Co-operative Societies Act, 2002. The Appellant, a credit co-operative society registered under the…
DUANE CROSSMCO Publisher•Editor The court-appointed receiver overseeing Uncle Nearest told a federal court Friday that the company is insolvent, could be forced to shut down within 30 days without continued lender support, and must quickly sell assets while pursuing a sale of the business by the second quarter of 2026. In his third quarterly report,…
Future Enterprises Limited Schedules Forty-First Committee of Creditors Meeting for April 13, 2026 scanx.trade Read the original article here
Lim Tean, 61, declared a bankrupt Mothership Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Please Register or Sign in to view this content. Quantum Commodity Intelligence is a premium paid subscription service for professionals in the oil, biofuels, carbon, ammonia and hydrogen markets. Quantum Carbon service subscribers have access to: Daily price assessments Market news and price commentary Fundamental trade data Quantum Carbon Daily –…
New Delhi: Can a cooperative society buy or invest in a company during insolvency proceedings under the Insolvency and Bankruptcy Code (IBC)? Yes, said the Supreme Court on Thursday—but within limits. In a ruling that will shape the rights of cooperative societies in future insolvency proceedings, the top court ruled that Multi-State Co-operative Societies (MSCS)…
Executive Summary: The Insolvency and Bankruptcy Code (Amendment) Act, 2026 (enacted April 2026) implements a series of extensive reforms to India’s corporate insolvency regime. Building on the IBC 2016 framework and prior amendments, the new Act introduces creditor-driven mechanisms (notably a Creditor-Initiated Insolvency Resolution Process, CIIRP), strengthens creditor and Committee of Creditors (CoC) powers, tightens…
With gradual maturity of China’s insolvency system, bankruptcy proceedings have shifted from something debtors feared and creditors resisted to a welcome tool for both parties to clear debt and rescue viable businesses. This article examines key practical issues and recent court practice to assess how bankruptcy law is addressing practical current problems and future challenges.…