Melb builder forced into liquidation amid claims of defective works – Herald Sun
Melb builder forced into liquidation amid claims of defective works Herald Sun Read the original article here
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China Evergrande liquidators say US$255 million of assets sold
[HONG KONG] Liquidators of China Evergrande Group said on Tuesday (Aug 12) they have sold about US$255 million of its assets 18 months into China’s largest debt liquidation process and taken control of more than 100 of the company’s subsidiaries. They have received creditor claims totalling US$45 billion, the liquidators said in a filing, significantly…
After Initiation Of CIRP, There Can Be No Encumbrances On Corporate Debtor’s Assets: NCLT Chennai
The National Company Law Tribunal (NCLT), Chennai Bench of Sanjiv Jain (Judicial Member) Shri. Ravichandran Ramasamy (Technical Member) has held that after the initiation of the Corporate Insolvency Resolution Process (CIRP), there can be no encumbrances on the assets of the corporate debtor, and all claims must be dealt with in accordance with Section 53…
China Evergrande liquidators say US$255 million of assets have been sold – NST Online
China Evergrande liquidators say US$255 million of assets have been sold NST Online Read the original article here
NCLAT Greenlights CIRP Revival [Read Order]
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently dismissed an applicant’s challenge to the revival of its Corporate Insolvency Resolution Process (CIRP), noting that the Adjudicating Authority had rightly restored the petition under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) after the corporate debtor failed…
Insolvency Law Amendment Bill Introduced in Lok Sabha: Rediff Moneynews
Finance Minister introduces bill to amend the Insolvency and Bankruptcy Code in Lok Sabha. Bill referred to select committee. New Delhi, Aug 12 (PTI) Finance Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the insolvency law. After the introduction, the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was referred…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
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An error has occurred Your request was blocked by Link11 Web Application Security.If you believe this is the result of an error, contact the administrator of www.tipranks.com. ID: d8c84bd519cc8dbc4e0658c5298d4094, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-08-12T11:47:26.538832734+00:00 Read the original article here
BluSmart Faces Complex Insolvency Battle Over Locked Assets
– Advertisement – Struggling with insolvency, BluSmart’s valuable EV fleet and tech assets are trapped in subsidiaries, complicating creditor recovery and leaving its future uncertain. BluSmart, the electric cab firm, is grappling with a complex insolvency case that began on July 29, 2025, when the National Company Law Tribunal (NCLT) admitted a petition from a…