Construction firm HCC’s real estate firm Lavasa Corporation is undergoing Corporate Insolvency Resolution Process (CIRP) and it has been granted an extension of 90 days for its revival process by a bankruptcy court. The planned city project entered CIRP following the directive from the National Company Law Tribunal (NCLT) to restart the entire process. This…
By Emily Lever · March 10, 2025, 1:24 PM EDT Jack Cooper Transport Co., a trucking firm that specializes in transporting vehicles, has launched a Chapter 7 case in Delaware bankruptcy court, listing at least $100 million in debt…. To view the full article, register now. Read the original article here
{{ registerForm.errors.get(‘form’) }} We had trouble validating your card. It’s possible your card provider is preventing us from charging the card. Please contact your card provider or customer support. Credit Card {{ cardForm.errors.get(‘card’) }} … Read the original article here
The Companies (Corporate Governance, Enforcement and Regulatory Provisions) Act 2024 (2024 Act) partially comes into force on 3 December 2024 under a recently published commencement order (Commencement Order). The Act amends the Companies Act 2014 (2014 Act), introducing enhancements in corporate governance, company law administration, enforcement and supervision, and corporate insolvency. This article focuses on…
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China Evergrande Group Provides Update on Liquidation Proceedings TipRanks Read the original article here
Insolvency-bound Jaiprakash Associates must be sold as one unit, not by dividing assets: NCLT The Economic Times Read the original article here
This week’s TGIF considers the recent decision of the Federal Court of Australia in Patel v Pleash [2025] FCA 77 which held that a proposed administrator must take reasonable steps to be satisfied as to the basis of their appointment before accepting an appointment. Key takeaways Registered liquidators should exercise appropriate care and diligence in…
Three lessors – NGF Alpha, NGF Genesis and NGF Charlie- have filed petitions under Section 9 of IBC, seeking initiation of insolvency proceedings against SpiceJet claiming dues totalling USD 12.68 million (about Rs 110 crore). Last Updated : 08 March 2025, 09:17 IST Read the original article here
Shandong Molong Petroleum Machinery Faces Debtor Liquidation Proceedings TipRanks Read the original article here