Reports reveal Hawkins director settlements totalling $11m

As the wind-up of companies in the former Hawkins construction group draws to a close, liquidators’ reports have revealed the amounts paid by directors John and David McConnell to settle claims they breached their duties. The complex process featured separate liquidations for the former operating company and other parts of the group, renamed H Construction…

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IBC| ‘Mere Settlement Talks Can’t Defer CIRP Admission Once Debt & Default Is Established’, Supreme Court Affirms Revival Of CIRP

The Supreme Court on Thursday (July 9) dismissed the appeals filed by the suspended director of Parsvnath Developers Ltd., upholding the revival of Corporate Insolvency Resolution Process proceedings against the real estate group in a default case involving approximately ₹452 crore. A partial court working days bench of Justice KV Viswanathan and Justice Alok Aradhe…

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