The fifth consecutive year: Global insolvencies set to hit a record high through 2026 – Allianz Trade
The fifth consecutive year: Global insolvencies set to hit a record high through 2026 Allianz Trade Read the original article here
SC appoints 3-member panel to oversee insolvency process of Supertech Realtors, completion of Supernova project | Legal News
The Supreme Court has appointed a three-member committee to oversee the Corporate Insolvency Resolution Process (CIRP) of realty major M/s Supertech Realtors Pvt Ltd, which is caught in a series of litigations by homebuyers and others over its ambitious mixed-use Supernova project in Sector 94, Noida. The committee, headed by former Chief Justice of Jammu…
The Avoidance Mechanism under India’s Insolvency Code: A System in Crisis – Moneylife
The Avoidance Mechanism under India’s Insolvency Code: A System in Crisis Moneylife Read the original article here
SC order on Supernova gives hope to buyers of housing projects in limbo | Noida News
New Delhi: By ordering to bring in a new developer to finish Supertech Supernova project in Noida, which is currently under insolvency, and removing the company’s erstwhile promoters, the insolvency resolution professional (IRP) and committee of creditors (CoC), the Supreme Court has rekindled hope among lakhs of homebuyers that other frozen housing projects could be…
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SC panel to supervise insolvency process of Supertech, completion of Supernova project | Delhi News
The Supreme Court has appointed a three-member committee — headed by former Chief Justice of Jammu and Kashmir High Court Justice M M Kumar — to oversee the Corporate Insolvency Resolution Process (CIRP) of realty major Supertech Realtors Pvt. Ltd, caught in a series of litigation with homebuyers and others over its ambitious mixed-use project…
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Bosque Brewing's Chapter 11 case dismissed after restructuring effort fails – The Business Journals
Bosque Brewing’s Chapter 11 case dismissed after restructuring effort fails The Business Journals Read the original article here
US company Saks weighs bankruptcy a year after raising billions for turnaround
Saks Global Enterprises, facing limited options ahead of a more than $100 million debt payment due at the end of this month, is considering Chapter 11 bankruptcy as a last resort, according to people with knowledge of the situation. The company is also weighing additional ways to shore up liquidity, including raising emergency financing or…