Country Heights founder Lee Kim Yew said on Thursday that the Mines Waterfront Business Park liquidation could not continue as its debt had been fully settled. (MWBP pic) PETALING JAYA: Country Heights Holdings has decided to file claims for damages against a liquidation company, the insolvency department, and the petitioner, Amy Siew, over the liquidation…
India’s finance ministry on Tuesday directed state-run banks to step up monitoring and accelerate the admission and resolution of pending bankruptcy cases at the National Company Law Tribunal (NCLT), warning that delays were slowing the corporate insolvency process. M. Nagaraju, Secretary in the Department of Financial Services (DFS), reviewed the status of cases under the…
Country Heights to seek damages in Mines Waterfront liquidation, trims Q1 loss NST Online Read the original article here
The National Company Law Appellate Tribunal at Delhi on Thursday observed that merely uploading financial information on an information utility does not amount to acknowledgment of debt and therefore cannot trigger a fresh limitation period for filing a Corporate Insolvency Resolution Process application under Section 9 of the Insolvency and Bankruptcy Code. The Bench of…
Autagco Ltd. Updates on Subsidiary Liquidation Process TipRanks Read the original article here
SDAI Limited Provides Monthly Update on Compulsory Liquidation of KHL Marketing Asia-Pacific Pte Ltd Under Catalist Rule 704(22) Minichart Read the original article here
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Waypark Commercial Mortgage 1 Ltd v Vanguard Number 1 Ltd (in liquidation) [2025] EWHC 1786 (Ch) In brief A secured lender sought to exercise a right of sale over a mortgaged property owned by a company in liquidation. The central issue was whether the statutory stay in respect of companies in liquidation (imposed…
The Bombay High Court has allowed challenging two notices issued by the National Faceless Assessment Centre under the Income Tax Act, 1961, for Assessment Year 2024-25 and upheld the extinguishment of Pre-Resolution Claims. It was observed that an approved resolution plan is binding on all stakeholders, including government authorities, and any claim not part of…