One year ago, Construcciones Ático declared bankruptcy, incurring debts of €2.5 million, as previously reported by Atlántico Hoy. Now, the time has come for its parent company, Macruz Inversiones. The Commercial Court number 2 in Santa Cruz has declared voluntary insolvency proceedings and has intervened in the management and control of the company’s assets.

Additionally, the court has appointed the Madrid-based firm MGI as the insolvency administrator.

Background of the Company

Macruz began its operations in 2003 with a capital of €3.1 million. Gabriel Marrero Cruz has served as the sole administrator since its inception.

Subsidiaries and Financial Situation

Macruz acts as a holding company, primarily involved in…

Somalia, 1 December 2025 – Somalia is set to finalize its debt relief agreement with the Paris Club by the end of 2025, according to Minister of Finance, Bihi Iman Egeh.The country has successfully negotiated debt forgiveness with nine of the ten creditor nations, leaving Spain as the last remaining creditor.Speaking on the Miizaan Podcast, broadcast by Dawan TV on Saturday, Minister Bihi shared that since the announcement of Somalia’s debt relief at the close of 2023, the country has made significant strides in talks with individual Paris Club members. “Nine out of the ten countries have already forgiven their debt, resulting in 100 percent of those debts being written off,” Minister Egeh stated.Paris Club is an informal group of…

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 making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2….

Backdated to June 1 before the last indexation, the cut applies to Tasmanians with a student debt – including HELP, Vocational Education and Training (VET) Student Loans, Australian Apprenticeship Support Loans, Student Start-up Loans, and other student loans.

The Calcutta High Court has quashed a ₹4.28 crore Goods and Services Tax (GST) demand raised for the financial year 2019–20 against a corporate debtor (CD) sold in liquidation as a going concern, reaffirming the IBC’s “clean slate” principle.

The company, M/s Rabirun Vinimay Pvt. Ltd., after failing to achieve resolution under the Corporate Insolvency Resolution Process (CIRP), was admitted into liquidation in March 2020. Subsequently, it was sold as a going concern, with the sale confirmed by the National Company Law Tribunal (NCLT) in December 2023.

The NCLT order had explicitly applied the Supreme Court’s ruling in Ghanashyam Mishra and Sons v. Edelweiss Asset Reconstruction Co. Ltd. (2021), which held…

To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

New Delhi: NTPC Limited has announced that the National Company Law Tribunal (NCLT), Delhi Bench, has approved the Resolution Plan jointly submitted by NTPC and Maharashtra State Power Generation Company Limited (MAHAGENCO) for the revival of Sinnar Thermal Power Limited (STPL). The approval marks a significant step forward in the Corporate Insolvency Resolution Process (CIRP) initiated under the Insolvency and Bankruptcy Code (IBC), 2016.

Approval Secures Future of Key Maharashtra Power Asset

Sinnar Thermal Power Limited, located in Sinnar, Nashik, operates a substantial coal-based generation facility with a capacity of 5×270 MW (1350 MW). The plant is considered a strategically important asset for…

Radical changes to Australia’s merger clearance laws that come into effect on January 1 pose a real and deeply problematic impediment to the effectiveness of turnaround and restructuring in Australia.

For decades, our formal restructuring regime has prioritised the rejuvenation of insolvent companies (or as much of them as can be saved) by legislating for swift and decisive processes.

Loading…

To use this website, cookies must be enabled in your browser. 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 making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…