Mumbai: The bankruptcy court in Mumbai has approved Shree Naman Developers‘ plan to acquire Deepak B Raheja Group-owned Gstaad Hotels and Neo Capricorn Plaza for a combined price of ₹1,800 crore through resolution plans. The buyer has proposed to pay ₹1,611 crore for Gstaad Hotels, which owns JW Marriott Hotel in Bengaluru, and ₹189 crore…
Indian Masterminds Stories Few insolvency cases have generated as much noise in as little time as the Subhash Chandra repayment plan before the National Company Law Tribunal. The headline number—Rs 22,006.57 crore of admitted claims against a personal contribution of just Rs 6.5 crore—has triggered outrage, confusion and competing claims about what was actually recovered.…
Bathla co-founder Bhart Bhushan could be pursued into bankruptcy by creditors if they cannot recoup their funds after he made personal guarantees on money lent to his collapsed property empire. Bathla collapsed last month with more than $3.4 billion in debts and owes further millions to subcontractors who carried out work on its property developments.…
Vikas WSP seeks three-month AGM extension pending NCLT resolution plan order scanx.trade Read the original article here
On August 21, 2026, Western Potash Corp., Western Potash Holdings Corp., and 0907414 B.C. Ltd. (collectively, the “Company”) were granted protection pursuant to an order (as amended from time to time, the “Initial Order”) issued under the Companies’ Creditors Arrangement Act (Canada) (the “CCAA”) by the Supreme Court of British Columbia (the “Court”). Pursuant to…
Advocates worry nothing will change as troubled nursing home operator goes bankrupt Santa Fe New Mexican Read the original article here
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The insolvency tribunal NCLT has ordered a status quo on the assets sold by the resolution professional of Think and Learn Private Limited, the parent entity of debt-ridden edutech firm Byju’s, in one of its subsidiaries. The Bengaluru-based bench of the NCLT has put a hold on any further disposal of Byju’s K3 Education’s assets…
Polish lawmakers have again failed to secure the three-fifths majority needed to overturn President Karol Nawrocki’s veto of legislation aimed at strengthening oversight of the country’s crypto market. The Sejm, Poland’s lower house of parliament, on Friday voted 241-198 in favor of overriding the veto, with three abstentions, falling 25 votes short of the 266…
The National Company Law Appellate Tribunal (NCLAT) at Delhi has ruled that a company cannot complain of inadequate service of notices when it has itself allowed its registered office to remain non-functional for several years. Dismissing an appeal by the suspended director of AS Infracon Pvt. Ltd., Judicial Member Mohd Faiz Alam Khan and Technical…