The advent of the Insolvency and Bankruptcy Code, 2016 (IBC), was a significant development to tackle the non-performing asset problem in India. Bad loans at public sector banks stood at INR2.67 trillion (USD30.4 billion) with a gross non-performing asset ratio of 5.43% at the end of March 2015. It is in these circumstances that India’s…
NCLAT upholds NCLT order dismissing insolvency plea against Noida-based Logix Infrastructure | Real Estate News Hindustan Times Read the original article here
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Bid to shutter clothing giant dismissed The Australian Read the original article here
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NZ’s biggest dry foods packer sinks Insurance Business America Read the original article here
A bid to shutter a well-known Australian fashion retailer over an almost $70,000 debt has been thrown out of court. General Pants Co, which operates 55 stores across Australia and New Zealand, was served with an insolvency claim by a supplier alleging the chain had failed to pay six invoices between October and December last…
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NOIDA: The National Company Law Appellate Tribunal (NCLAT) has upheld a February 2025 order of the National Company Law Tribunal (NCLT), which cancelled the admission of insolvency proceedings against Logix Infrastructure, builder of the delayed Blossom County project in Noida Sector 137. On Tuesday, Ketan Madan advocate on behalf of Experts Realty Professionals who filed…