Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Melbourne‘s KOI Dessert Bar, founded by MasterChef star Reynold Poernomo and his brothers, has entered voluntary administration little more than a year after opening its doors.
The Queen & Collins venue launched in July 2024 with a 42-seat dining room, retail patisserie, and high-end dessert sculptures.
It marked KOI’s first expansion outside Sydney, where the brand has two outlets.
Administrator reports show the Melbourne operation’s parent company, Poernomo Enterprise, owes creditors more than $1.6 million, much of it to related parties including family members and affiliated businesses.
Managing director of KOI Dessert Bar, Reynold’s brother Ronald, told News Corp that the establishment was continuing to trade during the administration…
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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:
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3. Turn on the option “Links Open Externally” (This will use…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has cleared the way for insolvency proceedings against Supertech Realtors, the developer of the Supernova project, which comprises residential apartments, offices, retail space, and a luxury hotel.
The Insolvency and Bankruptcy Appellate Tribunal has upheld the previous order passed by the Delhi bench of the National Company Law Tribunal (NCLT), which had, on June 12, 2024, directed the initiation of the Corporate Insolvency Resolution Process (CIRP) over a petition filed by Bank of Maharashtra, claiming default.
A two-member NCLAT bench said the revised proposal submitted by its promoter,
The move to exit the insolvency proceedings came after the company settled with its original financial creditor, Amluckie Investment.
The National Company Law Tribunal (NCLT) has dismissed an application filed by the interim resolution professional (IRP) of SKIL Infrastructure seeking withdrawal of the corporate insolvency resolution process (CIRP) against the company.
The listed infrastructure firm, promoted by brothers Bhavesh and Nikhil Gandhi, was admitted under the CIRP on an application filed by its financial creditor, Amluckie Investment Company.
“We are of the considered view that the withdrawal does not deserve to be allowed,” an NCLT Mumbai…
The move to exit the insolvency proceedings came after the company settled with its original financial creditor, Amluckie Investment.
The National Company Law Tribunal (NCLT) has dismissed an application filed by the interim resolution professional (IRP) of SKIL Infrastructure seeking withdrawal of the corporate insolvency resolution process (CIRP) against the company.
The listed infrastructure firm, promoted by brothers Bhavesh and Nikhil Gandhi, was admitted under the CIRP on an application filed by its financial creditor, Amluckie Investment Company.
“We are of the considered view that the withdrawal does not deserve to be allowed,” an NCLT Mumbai…
The level of student loan debt you can reasonably handle depends on your income.
Experts recommend limiting your monthly student loan payments to no more than 8% to 10% of your gross monthly income.
Even with federal policy changes, there are still many ways to obtain student loan relief.
Ways to manage your student loan debt include switching to biweekly payments and always paying at least the interest.
If your debt load feels unmanageable, options like refinancing, income-driven repayment, or employer assistance can ease the burden.
Carrying debt isn’t inherently bad. In some cases, it can be beneficial to your long-term finances. For example, taking on student loan debt could boost your career earnings by…
The National Company Law Appellate Tribunal (NCLAT) has paved the way for insolvency proceedings against Supertech Realtors over its ambitious Supernova project. The developer is facing legal action following a petition by the Bank of Maharashtra, which claims the company defaulted on its financial obligations.
After reviewing the situation, the NCLAT supported the earlier decision by the National Company Law Tribunal (NCLT) to initiate the Corporate Insolvency Resolution Process (CIRP). Efforts by the promoter, Ram Kishore Arora, to propose a settlement were rebuffed by a consortium of banks.
Supertech Realtors, a subsidiary of the realty firm Supertech, attempted to counter the allegations with a settlement offer, but the lender…
