Finance and Corporate Affairs Minister Nirmala Sitharaman on Tuesday introduced a bill in the Lok Sabha to amend the Insolvency and Bankruptcy Code, 2016. The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 has been referred to a select committee, which will make a report by the first day of the Winter Session of the Parliament. The…
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Liquidators of China Evergrande Group – the world’s most indebted property developer – said on Tuesday they have sold about $255 million of its assets. After a year and a half of China’s largest debt liquidation process, the liquidators said in a filing that they have taken control of more than 100 of the…
Debts of nearly £30m likely to be unpaid William Telford Business Editor 14:50, 12 Aug 2025 Burrington Estates’ Maer View housing development in Bude, Cornwall(Image: Google) A major Devon-based housebuilder has gone bust with debts of nearly £30m likely to be unpaid. Exeter-headquartered Burrington Estates Group Ltd has entered liquidation with creditors given until the…
Finance Minister Nirmala Sitharaman on Tuesday (August 12) introduced the Insolvency and Bankruptcy Code (Amendment) Bill, 2025 in the Lok Sabha, aiming to make the corporate insolvency framework faster, more efficient, and aligned with global best practices. The Bill has been referred to a select committee of Parliament for further examination, following a request from…
Melb builder forced into liquidation amid claims of defective works Herald Sun Read the original article here
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[HONG KONG] Liquidators of China Evergrande Group said on Tuesday (Aug 12) they have sold about US$255 million of its assets 18 months into China’s largest debt liquidation process and taken control of more than 100 of the company’s subsidiaries. They have received creditor claims totalling US$45 billion, the liquidators said in a filing, significantly…
The National Company Law Tribunal (NCLT), Chennai Bench of Sanjiv Jain (Judicial Member) Shri. Ravichandran Ramasamy (Technical Member) has held that after the initiation of the Corporate Insolvency Resolution Process (CIRP), there can be no encumbrances on the assets of the corporate debtor, and all claims must be dealt with in accordance with Section 53…
China Evergrande liquidators say US$255 million of assets have been sold NST Online Read the original article here