Bapcor appoints specialist amid debt breach fears – The Australian
Bapcor appoints specialist amid debt breach fears The Australian Read the original article here
Bankruptcy court admits Ansal API affiliate under Insolvency Resolution Process
The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd. Delhi-based Katra Realtors was a corporate guarantor to listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing an insolvency…
Restructuring and insolvency with a human touch
The technical outcomes of insolvency, settling debts, distributing funds, etc, are only part of the story. For Adrian, the most rewarding moments come when he sees the personal impact of his work. He recalls a business owner who had been under immense pressure as his company went into liquidation. Several months later, Adrian happened to…
SC quashes criminal cases against Sandesara brothers
The Supreme Court has conditionally ordered the quashing of all criminal proceedings against the fugitive Sandesara brothers in the multi-crore Sterling Biotech bank fraud case. The relief is strictly contingent upon the brothers depositing ₹5,100 crore as a ‘full and final payment’ to the lender banks by December 17, 2025. A Bench led by JK…
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Brisbane’s Craigslea Kindergarten placed into voluntary administration
This masthead previously revealed D’Souza had assumed control of the committee after a dispute led to the previous president, vice-president and secretary resigning in August. After the new committee removed the entire staff team, parents refused to send their kids to the kindy because they were concerned with the unfamiliarity of temporary staff. In Sunday’s…
Long-established family tool hire, sale and repair business goes into liquidation – Insider Media Ltd
Long-established family tool hire, sale and repair business goes into liquidation Insider Media Ltd Read the original article here
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