Liquidators called in as Wagga builder winds up amid financial pressure – The Daily Advertiser
Liquidators called in as Wagga builder winds up amid financial pressure The Daily Advertiser Read the original article here
Lancashire haulier poised on brink of liquidation after winding-up petition – TheBusinessDesk.com
Lancashire haulier poised on brink of liquidation after winding-up petition TheBusinessDesk.com Read the original article here
Guangzhou court accepts bankruptcy liquidation case of Evergrande unit
A court in China’s Guangzhou has accepted the bankruptcy liquidation case of Hengda Real Estate Group, the mainland property unit of China Evergrande Group, according to a court statement on Friday. The Guangzhou Intermediate People’s Court said the application for liquidation, submitted by the Guangzhou Rural Commercial Bank, was on the grounds that Hengda Real…
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Chinese court grants Evergrande Real Estate bankruptcy liquidation
This file photo shows a partially removed company logo of China Evergrande Group on the facade of its headquarters in Shenzhen, Guangdong province on Jan 10, 2022. (PHOTO / XINHUA) The Guangzhou Intermediate People’s Court on Friday granted a bank’s bankruptcy liquidation application for Evergrande Real Estate Group. Guangzhou Rural Commercial Bank’s Huaxia branch filed…
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
IBBI’s New Guidelines Challenge Insolvency Professionals on Fraudulent CIRP Cases, ETLegalWorld
The Insolvency and Bankruptcy Board of India’s (IBBI) latest discussion paper on fraudulent or malicious initiation of the Corporate Insolvency Resolution Process (CIRP) has placed a new responsibility on insolvency professionals (IPs) which includes identifying potential abuse of the insolvency process, conducting due diligence and, where warranted, approach the adjudicating authority under Sections 60(5) and…
Corporate insolvency reform: supported in principle, deferred in practice
Michael Sloan, Richard Fisher and Alex Chernishev of Ashurst Perkins Coie examine the Australian Government’s long-awaited response to the PJC’s corporate insolvency review, warning that while 25 of 28 recommendations are supported in principle, most substantive reforms have effectively been deferred to the Productivity Commission’s business dynamism inquiry and may not take effect before 2028.…
Reliance Entertainment admitted to insolvency over ₹11.94 crore debt linked to movie Auron Mein Kahan Dum Tha
The NCLT rejected these arguments, holding that the substance and commercial effect of a transaction, rather than the label attached to it, determines whether it is financial debt. “The transaction, therefore, possesses all the essential attributes of a borrowing notwithstanding the terminology adopted by the parties,” the tribunal said. It added that the contractual clause…
REVEALED: Latest business liquidations in Dungog – The Daily Telegraph
REVEALED: Latest business liquidations in Dungog The Daily Telegraph Read the original article here