New Delhi, Aug 14 (PTI) The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, which comprises residential apartments, offices, retail space, and a luxury hotel. NCLAT has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova…
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: 5045c9f1cc9068ba04a7e92a4e42dc0e, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-08-14T09:51:50.270618905+00:00 Read the original article here
In contrast, in a recent Supreme Court ruling in Kalyani Transco v. Bhushan Power & Steel Ltd., 2025 SCC OnLine SC 1010, the Court directed the return of payments made by the SRA to the financial creditors, operational creditors and towards equity contribution, within two months from the date of the judgment. The apex court,…
IBBI proposes cap on assignments for insolvency professionals to curb delays MSN Read the original article here
Under the Trump administration, the U.S. has adopted sweeping tariffs on nearly every trading partner, with a promise of more on a range of strategic sectors including industrial metals and critical minerals, pharmaceuticals, semiconductors, and automobiles. These actions have provoked countermeasures from China and others. While these developments are rightly seen as geopolitical, trade actions—and…
A Christchurch courier company that went into liquidation owing more than $1.2 million has been the victim of broken promises, sabotage, and professional failings, its sole director says. NJ & MS Holdings Limited, trading as Point to Point, was placed into liquidation by the Greymouth High Court on June 30 after an application from Inland…
Property developer KWG Group Holdings Ltd. (1813.HK) said on Wednesday that Shandong Sunlight Xin Tiandi Micro-finance Com. Ltd. filed a winding-up petition against the company with Hong Kong’s High Court on Aug. 11. The petition relates to approximately 642 million yuan ($89.48 million) in unpaid guaranteed obligations and accrued interest of 136 million yuan owed…
It is welcome that the government has brought in a bill to amend the Insolvency and Bankruptcy Code (IBC) of 2016. It is equally welcome that the bill in Parliament has been referred right away to a select committee. Legislation of this kind calls for careful deliberation, an opportunity for stakeholders to present their views…
Property developer China Evergrande Group announced on Tuesday that the Hong Kong stock exchange has decided to delist it, effective Aug 25, and the company confirmed it will not apply for a review. The announcement came after a letter was received from the bourse operator on Friday, stating that Evergrande, which is already in the…
Dragonboat restaurant opened in the 1990s, and is now going into liquidation, owing at least 1.4 million dollars to creditors. Photo: RNZ / Yiting Lin The rising cost of living and a pandemic hangover have put the pressure on businesses, sending nearly 1300 into liquidation already this year. New Zealand is riding its highest wave…