Insolvency Guardian Media Centre
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DHFL Insolvency: NCLAT Exceeded Jurisdiction, Misapplied Foreign Law, Says Supreme Court Moneylife
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A site plan for The Residences at Saddle Creek in Boulder. (Saddle Creek Boulder)
The developer of spacious duplexes at the entrance to Boulder Canyon has declared his project bankrupt just five days before the units were to be sold at a foreclosure sale.
Curtis McDonald, who co-owns the rental firm Juniper Holiday + Home, is developing The Residences at Saddle Creek at 90 W. Arapahoe Ave. in Boulder. When built, the four-story homes will range from 2,451 square feet to 2,713 square feet, according to online listings. Four duplex buildings are being constructed and one of them is under contract, its website states.
The duplexes are going up near the site of the former Silver Saddle Motel, which operated from the…
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The case arose from the insolvency resolution process initiated in December 2019 against DFHL, when the Reserve Bank of India (RBI) superseded its board due to financial irregularities.
The Committee of Creditors (CoC), comprising major banks and financial institutions, approved Piramal Capital’s resolution plan with a 93.65 per cent majority in January 2021.
However, 63 Moons Technologies Limited and fixed deposit (FD) holders, challenged the plan before the NCLAT, arguing that the plan unfairly allowed Piramal Capital to retain recoveries from fraudulent transactions under Section 66 of the Insolvency and Bankruptcy Code (IBC). Furthermore, it was contended that the FD holders were not repaid in full, violating provisions of the RBI…
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Vodafone Idea debt relief: Can Vi finally turn the corner? Value Research
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A massive high-street brand has officially gone bust, according to reports.
Select Fashion LTD’s liquidation follows 35 Select stores shutting down across the UK last month.
Read more: Select Fashion update as 48 stores to be SAVED by mystery company
The brand issued a notice to confirm that insolvency firm, Moorfields, had been appointed to conduct the process of winding up.
The latest news follows reports from earlier this year which revealed Select’s retail directors were recommended to place the firm into a Creditor’s Voluntary Liquidation (CVL).
And on Friday, it was confirmed that Moorfields had begun carrying out the process following a creditors’ meeting.
The Mirror disclosed that staff across the UK were told about the news by…
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Federal Debt Management Office – Ministry of Finance – United Arab Emirates Ministry of Finance – United Arab Emirates
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Households are braced for a fresh round of bill hikes in April – and some may have to dip into savings or perhaps even go further into debt to cover expenses.
If you’re slipping further into the red, support is available, and Debt Awareness Week (March 24 to 30 2025) encourages those with money worries to open up and take steps to get help.
Richard Lane, chief client officer at StepChange Debt Charity, says: “Debt is a normal part of life for many people, whether it be a mortgage, car finance agreement or credit card.
“Borrowing on credit can be a useful to manage chunky expenses and spread the cost of a big purchase. However, debt can be a sensitive topic, and the stigma around it often…
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Americans Tackling Debt to Achieve Their Own Cinderella Story Business Wire
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Winsford rogue trader left ‘gaping hole’ in victim’s Cheshire home BBC
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While March’s official statistics and details of insolvencies won’t be confirmed by the government’s Insolvency Service (IS) until April 25, an agency that supplies data on companies in distress for those seeking to “capitalise on crisis” has warned that the month saw businesses collapsing at an alarming rate.
London-based agency Administration List, which sells speculators details of incoming casualties, also said its analysis of the first complete quarter of 2025 had been overshadowed by the implications of last week’s Spring Statement.
In total, it calculated that March saw:
● 159 administrations.
● 1,792 liquidations.
● 628 winding up petitions.
The company said: “The first quarter of the year has ended, and current insolvency…
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Forever 21 could be a step closer to shutting down operations in the US after the brand’s operating company filed for bankruptcy protection.
The firm said in a statement that its stores and website in the US will remain open as it “begins its process of winding down”.
Forever 21 was once a favourite of young women around the world, but it has struggled to attract customers to its shops because of rising prices and the growing popularity of online shopping.
The company filed for bankruptcy protection for the first time in 2019, but a group of investors ended up buying it through a joint venture.
“We have been unable to find a sustainable path forward, given competition from foreign fast-fashion companies… as well as rising costs, economic…