State fund must cover longtime injured worker whose company was insolvent

The Massachusetts Appeals Court on Friday ruled that a workers compensation reinsurer is entitled to reimbursement from the state Workers’ Compensation Trust Fund for certain cost-of-living adjustment payments, rejecting the fund’s attempt to deny reimbursement based on employer insolvency. In a Jan. 30 decision that reinforces reimbursement rights for reinsurers and insurers involved in long-tail workers compensation claims when…

Supreme Court Upholds Insolvency Proceedings Against Bhasin Infotech, Grand Venezia Developers

The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed the appeals filed by the erstwhile…

A large Subway operator declares bankruptcy

Listen to the article 2 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: MTF Enterprises, a Subway operator with 43 stores in Maine, New Hampshire, Pennsylvania and Virginia, filed for Chapter 11 bankruptcy protections last month, according to a court filing by the franchisee’s owner, Michael Fay. The…

SC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court on Feb 2 upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. The Supreme Court has upheld insolvency proceedings against real estate firms for Greater Noida project (PTI)…

Ansal Properties Loses Key Officials Amidst Insolvency Process

Strategic Analysis & Impact Ansal Properties and Infrastructure Ltd. has disclosed the departure of two senior officials, a development that carries significant governance and operational implications given the company’s ongoing Corporate Insolvency Resolution Process (CIRP). The Event:Shri Abdul Sami has resigned from his critical positions as Company Secretary, Compliance Officer, and Nodal Officer, effective…

SC upholds insolvency proceedings against real estate firms for Greater Noida project- The Week

New Delhi, Feb 2 (PTI) The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees.    A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed the appeals…

SC upholds insolvency proceedings against real estate firms for Greater Noida project

The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. A bench comprising Justices Sanjay Kumar and K Vinod Chandran dismissed the appeals filed by the…

SC upholds insolvency proceedings against real estate firms for Greater Noida project

New Delhi, The Supreme Court on Monday upheld the initiation of corporate insolvency resolution proceedings against real estate firms Bhasin Infotech and Infrastructure Private Limited and Grand Venezia Commercial Towers Private Limited, reinforcing the rights of homebuyers and commercial allottees. SC upholds insolvency proceedings against real estate firms for Greater Noida project A bench comprising…