NCLAT ends insolvency proceedings against realty firm Embassy Development – The Economic Times
NCLAT ends insolvency proceedings against realty firm Embassy Development The Economic Times Read the original article here
NCLAT ends insolvency proceedings against realty firm Embassy Development
New Delhi, May 4 (PTI) Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. Appellate tribunal NCLAT has set aside an NCLT order that allowed insolvency proceedings against realty firm Embassy Development. (Photo for representational purposes only) (Representative image/Pixabay ) The Delhi bench of the National…
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IBC 7th Amendment Aims To Cut Insolvency Delays, Says Crisil Ratings – KNN India
IBC 7th Amendment Aims To Cut Insolvency Delays, Says Crisil Ratings KNN India Read the original article here
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NCLAT sets aside Embassy Developments insolvency order and closes process
Final order protects embassy, ₹4,600cr pre-sales The tribunal also rolled interim protections into its final order, so there are no lingering legal worries for the company. Embassy says its projects kept running smoothly through it all. Chairman Jitu Virwani called the case a “This was a legacy issue whereby a letter by Indiabulls Real Estate…
NCLAT sets aside NCLT insolvency order against Embassy Developments
Realty developer Embassy Developments has secured relief from insolvency proceedings after the National Company Law Appellate Tribunal (NCLAT) set aside an earlier order admitting the company to the corporate insolvency resolution process (CIRP).In a regulatory filing, the developer said the appellate tribunal has quashed the December 9, 2025 order passed by the National Company Law…
One of South Africa’s biggest airlines may close down within one year – BusinessTech
South African Airways (SAA) may face insolvency within the next 12 months unless it successfully improves its liquidity situation. This warning was issued by the Auditor-General of South Africa’s (AGSA) office on April 21, 2026, during a briefing to the Portfolio Committee on Transport regarding SAA’s current financial status. Thato Kunene, senior audit manager at…
HP HC Slams GST Action, Frees ₹4.27 Cr ITC Under IBC Supremacy
The Himachal Pradesh High Court has rejected a GST notice and ordered the unblocking of Input Tax Credit (ITC) of Rs 4.27 crores. The court ruled that claims not filed during the insolvency process cannot be enforced afterwards, emphasising that the IBC law takes precedence over GST laws. The bench comprising Justice Vivek Singh Thakur…
Spyker went bankrupt twice in ten years and now creates an 800-horsepower V8
Revival of a Legend: Spyker Returns with the New C8 Preliator Rumors about Spyker’s revival have proven true. Approximately half a year after news emerged about the return of the small Dutch automaker, it became known that the company will unveil a new version of the C8 Preliator at the August Pebble Beach Concours d’Elegance…