The National Company Law Tribunal (NCLT), Mumbai on 24 August held that a Corporate Debtor’s liability under a Corporate Guarantee does not end merely because the bank obtains a mortgage from the new owner of the mortgaged property. A Bench comprising Judicial Member Vinay Goel and Technical Member Charanjeet Singh Gulati admitted Jammu and Kashmir…
Homeplus dodges liquidation and seeks new owner as Korea probes MBK – CHOSUNBIZ biz.chosun.com Read the original article here
‘Diverted funds’, crushing tax debt in $3.73m Melb builder collapse Herald Sun Read the original article here
The National Company Law Tribunal (NCLT), Mumbai on 20 August imposed Rs. 1 lakh costs on RAB Enterprises (India) Pvt Ltd for an approximately 11-month delay in seeking to place additional documents on record in an insolvency petition filed by Awfis Space Solutions Ltd. A Bench of Judicial Member Lakshmi Gurung and Technical Member Charanjeet…
The scale of Dashdot Pty Ltd’s (Dashdot) collapse has been laid bare, with liquidators revealing hundreds of customers are collectively owed more than $10.5 million after the high-profile buyer’s agency entered liquidation. The company entered voluntary liquidation in late May 2026, as reported by REB, with more details now emerging regarding the dire state of…
Subhash Chandra Capitalism is a barbaric and unforgiving system, especially toward the working people and the planet on whose shoulders it stands—exploiting human beings and nature alike. Yet, with the help of the state and government, it designs policies and processes that help to socialise the crisis, forgiving corporations when they fail to repay their…
High interest rates, cooling property prices and rising unemployment are converging on Australian households at the same time, and insolvency firm Jirsch Sutherland says that combination is starting to show up in the numbers. New figures from the Australian Financial Security Authority show personal insolvencies rose 13.1 per cent in the June quarter of 2026…
Kardinal Independent Living, which had an address in Southdownview Road, Worthing, went into liquidation on July 31. Since then customers have come forward to share their experiences, claiming delays in delivery or that they had not received what they paid for at all. Connor Hancorn, who was the managing director, said in a detailed social…
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