February 7, 2025 – The Insolvency and Bankruptcy Board of India (IBBI) has provided significant relief to homebuyers through a rule change which says that even if a builder is bankrupt or a bankruptcy process is underway for a project, possession of the flat, plot, apartment or building can still be taken. This will ensure…
The Delhi High Court bench of Justice Manmeet Pritam Singh Arora has held that in accordance with Section 32A(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), a Corporate Debtor that has successfully undergone a resolution process under Section 31 of the IBC shall not be prosecuted for offences committed prior to the commencement of…
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By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:56 AEDT, 7 February 2025 | Updated: 16:56 AEDT, 7 February 2025 An Aussie property giant has been thrown a lifeline after creditors agreed to take a substantial cut to save them from liquidation. Creditors have signed off on a rescue deal with Melbourne-based property developer Bensons…
The Court has the discretion to liquidate the company which is unable to pay its debts. This was held in a judgment delivered by Mr Justice Ian Spiteri Bailey presiding over the Civil Court (Commercial Section) on 29 January 2025. The case is ICE Net SA vs EFT Global Limited. In its sworn application the…
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A group of linked kitchen design and fitting companies based in Manchester have been shut down following an investigation by the Insolvency Service. Smart Choice Kitchens Limited, Empire Kitchens and Bathrooms Limited and Connect Kitchens Limited were all wound-up at a hearing of the High Court in Manchester on Tuesday (February 4). The Insolvency Service…
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Bensons rescued as creditors approve bailout deal The Australian Read the original article here
International law firm Addleshaw Goddard has recruited insolvency litigation specialist Sophia Harrison as a Partner in Restructuring, focusing on its insolvency dispute resolution (IDR) practice. Sophia is dual qualified in England & Wales as a barrister and in Scotland as a solicitor. She has a UK-wide practice focusing on corporate insolvency litigation, asset recovery and…