Insolvency Guardian Media Centre
As many as 600 homebuyers of RG Luxury Homes, who have been waiting to get possession of their housing units in Greater Noida West since the last six years, will soon receive delivery of their apartments as the Greater Noida Authority has handed over the occupancy certificate (OC) for three more towers to the builder, the real estate company said.
RG Luxury Homes is the first stalled project in Gautam Buddh Nagar district to have been granted the occupancy certificate by the local authority under the reverse insolvency process.
The real estate firm has received occupancy certificates for three more towers bringing the…
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SINGAPORE – The High Court on March 20 dismissed a claim by motoring tycoon Peter Kwee that he is the true owner of five properties that are registered in the sole name of his daughter Karen.
In a written judgment, Justice Philip Jeyaretnam accepted that Mr Kwee funded the purchase of the properties and that the businessman bought properties in the names of his family members for business strategy and wealth planning purposes, including avoiding estate duty.
However, the judge found that Mr Kwee had intended to gift the five properties to his daughter, which made her both the legal and beneficial owner.
A legal owner holds the formal title to an asset; a beneficial owner ultimately benefits from the asset.
Of the five, two are landed…
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TALi Digital Partner Genius Enters Administration ShareCafe
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Hudson’s Bay shoppers scramble for striped products as company seeks liquidation MSN
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13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA
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Pakistan
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Kuti Miah, the charismatic entrepreneur who ran Kuti’s Brasserie in the city for decades, is being pursued over an unpaid bill for refurbishing the Grade II listed restaurant building at The Royal Pier, which the business moved into in 2018.
Mr Holbrook, who has been chasing payments, which now with interest and legal costs add up to more than £25,000, since the 2021 spruce up, was told to attempt to get his…
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LONDON: Almost a year after he was declared bankrupt by a UK court, Hasan Nawaz, the son of former prime minister Nawaz Sharif, was included on a list of “deliberate tax defaulters” by the UK government.
The list, which was published on Tuesday, features the names of scores of individuals and companies that the HM Revenue & Customs (HMRC) has issued penalties to for either making deliberate errors in their tax returns or then deliberately failing to comply with their tax obligations.
Hasan Nawaz’s name is the second in the list, which appears to be organised in descending order of penalties and tax owed to the UK government. It identifies Hasan Nawaz as a property developer, with listed addresses at Avenfield House as well as 1…
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The Reserve Bank of India (RBI) had superseded the company’s board and appointed Nageswara Rao Y as the administrator under Section 45-IA of the RBI Act, 1935.
Following this, the National Company Law Tribunal (NCLT), Mumbai Bench, admitted the corporate insolvency resolution process (CIRP) application on December 6, 2021, officially placing Reliance Capital under resolution.
The resolution plan, submitted by IndusInd International Holdings Limited, was…
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Since NCLT had the power to issue such an order under Section 7 of the law, the decision to admit CTPPL into CIRP was not without jurisdiction
The National Company Law Tribunal, Mumbai bench partially granted Canara Bank’s interim plea concerning the CIRP of Carnival Techno Park Pt. Ltd (CTPPL). Although Canara Bank’s request to recall CIRP admission was denied by the Tribunal, the forensic audit was permitted to look into the validity of the RCFL claim and its classification as secured financial debt.
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The application stems from Carnival Techno Park Pvt. Ltd.’s (CTPPL) Corporate Insolvency Resolution Process (CIRP), which is…
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Sharvain Facades goes into voluntary administration MSN
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Administrators brought in for big name Perth builder The West Australian