Builder who dragged out court case ordered to pay $285,000 costs – Stuff
Builder who dragged out court case ordered to pay $285,000 costs Stuff Read the original article here
Auctioneer hired to handle assets in tree surgery firm’s liquidation – Insider Media Ltd
Auctioneer hired to handle assets in tree surgery firm’s liquidation Insider Media Ltd Read the original article here
Elme Communities Concludes Strategic Alternatives Review Process; Executes Agreement to Sell 19 Properties to Cortland, Remaining Assets to be Marketed for Sale
Elme to Seek Shareholder Approval for Cortland Portfolio Transaction and Plan of Sale and Liquidation Intends to Make Total Upfront Distributions to Shareholders of Approximately $14.68 to $15.00 per Share assuming the Consummation of the Cortland Portfolio Transaction Company’s Current Estimate of Additional Liquidating Distributions to Shareholders is Approximately $2.90 to $3.50 per Share in the Aggregate…
IBBI Penalises Insolvency Professional for Failing to Protect Corporate Debtor’s Assets During CIRP [Read Notification]
The Insolvency and Bankruptcy Board of India (IBBI) has imposed a financial penalty on insolvency professional Mr. Pankaj Ramandas Majithia for multiple lapses during his tenure as the Resolution Professional (RP) in the insolvency of Shree Ram Urban Infrastructure Pvt. Ltd. The action stems from his failure to safeguard the corporate debtor’s assets and his…
NCLAT Rejects Impleadment Pleas in ₹1300 Crore CIRP Cost Dispute Post Resolution Plan Approval [Read Order]
The National Company Law Appellate Tribunal (NCLAT), Principal Bench in New Delhi, has dismissed a plea filed by the SREI Multiple Asset Investment Trust (SMAIT), which sought to be impleaded in an ongoing insolvency appeal tied to a hefty ₹1300 crore CorporateInsolvency Resolution Process (CIRP) cost dispute. The Trust, which claimed to have held a…
A Landmark Ruling for Corporate Insolvency and Investor Confidence
The recent Supreme Court ruling in JSW Steel Ltd. v. Pratishtha Thakur Haritwal & Ors. has sent shockwaves through India’s corporate and legal landscapes. The Court’s decision to quash demand notices issued against JSW Steel by government authorities marks a pivotal moment in enforcing the finality of insolvency resolution plans under the Insolvency and Bankruptcy…
Cites Pre-Existing Contractual Issues [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has upheld the National Company Law Tribunal’s (NCLT) decision dismissing an insolvency application filed under Section 9 of the Insolvencyand Bankruptcy Code, 2016 (IBC) by Morex Corporation Limited against Jindal Poly Films Ltd. The appellate tribunal found the existence of a genuine pre-existing dispute between the parties regarding…
Popular mattress retailer files Chapter 7 bankruptcy liquidation – TheStreet
Popular mattress retailer files Chapter 7 bankruptcy liquidation TheStreet Read the original article here
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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: fa67f03f487e007638ca9300439de1ef, IP Address: 110.232.115.214, Status Code: 471Timestamp: 2025-08-04T08:44:13.335862888+00:00 Read the original article here
Cryptopia customer tried to bribe court registrar for information about company’s case
Then, in June this year, the firm announced a further 2624 customers had received $50m in Bitcoin and Dogecoin. It was also preparing to launch distributions to affected customers to qualifying account holders in Cardano, Tether, Tron and Litecoin currencies. Cryptopia, founded by Adam Clark and Rob Dawson, owed IRD more than $19m and a…