Sydney Developer Bathla Group Collapses Into Administration, Leaving Homebuyers in Limbo — BigGo Finance

Bathla Group, one of Sydney’s largest developers of affordable homes, has collapsed into voluntary administration after months of mounting financial pressure, leaving thousands of homebuyers uncertain about the fate of their deposits and unfinished projects. Administrators from restructuring firm Teneo were appointed on Tuesday to the group’s main corporate entity, Universal Property Group, as well…

NCLAT Chennai Restores CIRP Of Jeppiaar Cements, Says Fairness Must Prevail In Insolvency Resolution

The Chennai National Company Law Appellate Tribunal (NCLAT) has set aside the liquidation order dated 26 August 2022 against Jeppiaar Cements Pvt. Ltd., while observing that where multiple options exist to resolve a corporate debtor’s insolvency, fairness should prevail, including settlement under Section 12A of the Insolvency and Bankruptcy Code (IBC), which permits the withdrawal…