Raheja Developers: NCLAT Confirms Insolvency proceedings Limited to Specific Realty Projects, ETRealty

NEW DELHI: The National Company Law Appellate Tribunal has reaffirmed that insolvency proceedings initiated by homebuyers against realty firms must remain confined to the specific project where default has occurred and cannot extend to other projects of the corporate debtor. The appellate tribunal highlighted that putting all other projects of the realty firms, which are…

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Scottish fashion brand companies placed into liquidation

Public record documents including at Companies House show entities including Marble Fashion Designs Holdings Limited and Marble Fashion Designs UK Limited have been placed into liquidation. Such liquidition processes may also constitute part of a restructure with the closure of entities no longer required and elements of the business continuing to operate as normal. A…

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