Will homebuyers have to pay delay penalty if developer claims insolvency? SC sets the record straight ThePrint Read the original article here
When Weiss Furniture owner Dalia Dunhoff realized she was shopping for things like chairs and mattresses online, she knew it was time to take a look at the business. “Retail stores are becoming fewer and fewer as more people shop online,” Dunhoff said. “In the future, perhaps that will change again, but right now we…
Cycling Weekly reported that Primera Sports, in Charminster Road, went into liquidation after insolvency firm Leonard Curtis said its directors took the “difficult decision” to close under mounting financial pressure. Its Winton premises have been shut for about a week, prompting criticism from customers who said they paid for servicing days before the closure and…
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Donna Jones’s new “lovely little one-bedroom unit” was supposed to be part of her retirement plan. The 63-year-old disability support worker’s new apartment, which she bought off-the-plan from the Bathla Group, looked great. It would be smaller and easier to manage, much closer to her grandchildren than her old place, and, she believed, ready in…
Andrew Blundell of Cathro & Partners uses the restructuring of Believe Early Learning to show how voluntary administration can preserve viable childcare businesses by maintaining operations, protecting regulatory approvals and jobs, refinancing secured creditors and delivering a better return to unsecured creditors than liquidation, while stressing that early intervention is critical in a sector facing…
Bombay High Court Allows Revival of Svadeshi Mills After 21 Years; Says Workers’ ₹223-Crore Settlement and Redevelopment Plan Serve Public Interest and Commercial Morality Facts Svadeshi Mills Company Limited had been ordered to be wound up on 5 September 2005. More than two decades later, Grand View Estates Pvt. Ltd., together with Forbes & Co.…
Administrators of collapsed renewable energy company ZEN Energy will only be able to claw back 10 cents in the dollar of money owed to secured creditors in the best-case scenario, a new report reveals. The latest McGrathNicol report shows the Adelaide company co-founded by well-known identity Ross Garnaut, owed $1.1 billion to creditors as of…
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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…