Introduction The judgment rendered by the Supreme Court of India in the matter arising from the insolvency proceedings against Hiranmaye Energy Ltd.1 constitutes a significant pronouncement on several foundational principles of the Insolvency and Bankruptcy Code, 2016 (hereinafter ‘the Code’ or ‘IBC’). The case, brought before the apex court at the instance of Power Trust…
Starwood European Real Estate Finance enters liquidation Investing.com Read the original article here
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Mehta clarified that while some UK operating entities have been wound up or placed into liquidation, the holding company and brand-owning entities remain intact. “East India Company (EIC) is very much alive,” Mehta told PTI. He said the business is undergoing restructuring with new investor support and aims to revive operations in the future. He…
A liquidator has been appointed to the company behind an entertainment precinct, weeks after it ceased trading following its sudden closure announcement late last year. A spokesperson for The Asset Restructuring Group confirmed to Sunshine Coast News that Alan Walker was appointed liquidator of The Station on February 4 by order of the Supreme Court…
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Further, an RP should not be allowed to handle more than two projects at a time. According to data published on the website of one state Real Estate Regulatory Authority (RERA) that we reviewed, as of 22 February, only four RPs were handling 66% (186 out of 282) of all projects under litigation at the…
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Travel company goes bust with large debts owed to HMRC Oxford Mail Read the original article here
BYRON BAY Wildlife Sanctuary has entered voluntary administration, with conservation charity Wildlife Recovery Australia (WRA) confirming the move and assuring the community that animal care will continue. WRA said the decision to enter voluntary administration was made by the directors of Byron Bay Wildlife Sanctuary Operations Pty Ltd (BBWSO), which employs about 25 full-time equivalent…