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…
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)…
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…
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…
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…
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…
Amber Beverage Group (ABG) has filed for voluntary legal restructuring under Tiesiskās Aizsardzības Process (TAP) for its Latvian division to establish a sustainable financial structure following multiple setbacks. Amber Beverage Group’s Latvian subsidiary hopes to develop a plan to address revenue issues and taxes The filing for the legal protection process was submitted to the…
TLDR: The court initiated insolvency monitoring for BitRiver after En+ filed for bankruptcy over an unpaid $9.2M debt. BitRiver founder Igor Runets was placed under house arrest on tax evasion charges amid the company’s crisis. Multiple mining sites shut down due to regional bans and unpaid electricity bills exceeding 940M rubles. The company lost 80%…
A hedge fund manager who has been sued by his own mother over an unpaid mortgage he took out on her house has declared himself bankrupt — just months after The Post exposed his wild spending spree in the south of France. Jason Ader — a 59-year-old former activist investor who a decade earlier regularly…
Europe’s largest white-label hotel operator has filed for insolvency due to rising costs, with 125 hotels in Germany and Austria remaining open Revo Hospitality has filed for insolvency under self-administration(Image: Map) A prominent hotel operator across Europe has declared insolvency, raising serious questions about the fate of its properties throughout the continent. Revo Hospitality Group,…