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 Read the original article here
Aerial view of an Evergrande residential property in Nanjing, East China’s Jiangsu Province, on August 21, 2026. Photo: VCG The Guangzhou Intermediate People’s Court on Friday announced to accept the bankruptcy liquidation application filed by Huaxia sub-branch of Guangzhou Rural Commercial Bank Co Ltd against Chinese real estate developer Evergrande Group, a day after former…
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A court in southern China’s Guangdong province formally accepted a bankruptcy liquidation petition against China Evergrande Group’s main onshore unit, closing the final chapter in the unravelling of what was once the country’s largest property developer. The Guangzhou Intermediate People’s Court said on Friday that Guangzhou Rural Commercial Bank’s Huaxia branch met the legal criteria…
Liquidators pursuing jailed founder’s around US$7.7 billion in assets worldwide as they try to claw back funds Published Fri, Aug 21, 2026 · 12:43 PM CHINA Evergrande Group’s creditors have known for years they will only get pennies on the dollar back in one of the country’s biggest ever liquidations. Now, getting even just that…
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