Chennai: The latest controversy involving Essel Group Chairman Subhash Chandra has highlighted discrepancies in the Insolvency and Bankruptcy Code (IBC). Creditors have had to take a nearly 70 per cent haircut on their claims, while insolvency proceedings often extend to more than twice the prescribed timeline. By then, many distressed companies lose significant value. Saurabh…
Appellate Insolvency Tribunal NCLAT has raised concerns over construction major NBCC’s delay in meeting deadlines set for resumption of work at Supertech Ltd’s stalled housing projects. Besides, a three-member bench has also pulled up the authorities over the delay in appointing an interim resolution professional (IRP) for the realty firm, which is currently going through…
Cue Clothing has entered voluntary administration. Picture: NewsWire / Damian Shaw Decades-old Australian fashion brands will “live on” past the business’s voluntary administration, retail marketing expert Gary Mortimer says. Iconic Australian fashion brand Cue Clothing entered into receivership on Tuesday after more than 60 years in business. Cue Clothing operates Cue and Veronika Maine, two…
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September 20, 2026 — 1:00am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA An iconic Perth CBD pub has been given a lifeline after creditors accepted an $850,000 deal to save it from liquidation. John Parker is the businessman behind the Parker Group,…
September 20, 2026 — 3:00am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA An iconic Perth CBD pub has been given a lifeline after creditors accepted an $850,000 deal to save it from liquidation. John Parker is the businessman behind the Parker Group,…
Market snapshot: Jaiprakash Power Ventures Limited has agreed to settle all claims and disputes with the National Asset Reconstruction Company Limited. Under the agreed terms, the company will make a full and final payment of ₹511 crore to NARCL. This major settlement paves the way for the withdrawal of the ongoing Insolvency and Bankruptcy Code…
What to know as Kigali Heights Development Company is placed into insolvency liquidation| The New Times The New Times Read the original article here
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Hillenbrand stock remains halted as liquidation process unfolds AD HOC NEWS Read the original article here