Zone RV director accused of insolvent trading as early as 2023

Administrators for collapsed luxury caravan manufacturer Zone RV are threatening litigation against the company’s director, accusing him of running the business while it was insolvent.  The Sunshine Coast-based company plunged into administration on December 1, owing $42 million to hundreds of creditors, including nearly 200 customers.  A report to creditors released on Thursday night has…

NCLAT Limits Ansal Properties’ Insolvency To Sushant Golf City and Rajasthan Projects

The National Company Law Appellate Tribunal (NCLAT) at New Delhi refused to overturn the insolvency proceedings against Ansal Properties and Infrastructure Limited.However, it restricted the process to Sushant Golf City in Lucknow and three Rajasthan projects: Ansal Royal Plaza, Orchid Plaza, and Tulip Plaza. The tribunal said extending the insolvency process to projects not linked…