Insolvency Guardian Media Centre
Elme stock up after announcement of voluntary liquidation plan, asset sale MSN
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Cape Town’s debt-relief plan: Get your old bills WRITTEN OFF MSN
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The NCLT in Ahmedabad has admitted Catalyst Trusteeship’s petition against BluSmart Mobility for defaulting on dues of Rs 1.28 crore, initiating CIRP.
ccording to the shared court order copy, the tribunal said that Gensol had failed to maintain financial discipline, citing defaults on 31 March, 19 April, and 12 May 2025.
The National Company Law Tribunal (NCLT) in Ahmedabad has admitted a petition filed by Catalyst Trusteeship against BluSmart Mobility for defaulting on dues worth approximately Rs 1.28 crore. The order marks the initiation of the corporate insolvency resolution process (CIRP) against the electric cab operator, with NPV Insolvency Professionals Private Ltd appointed as the Interim…
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More than half of working South Africans – 52% – gamble, with 40% admitting they do so frequently in the hope of making money to cover expenses or debt, according to the 2025 Old Mutual Savings & Investment Monitor (OMSIM).
Now in its 16th year, OMSIM tracks the financial attitudes, behaviours, and priorities of South Africans earning at least R8 000 a month. The 2025 findings highlight a shift from crisis management towards more forward-looking financial behaviour, while also disclosing worrying trends related to gambling.
According to OMSIM’s findings, gambling is largely an online activity, either through apps or betting websites. Among gamblers, sports betting is the most popular form, with 61% participating, followed by…
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Elme Communities (NYSE: ELME), a value-oriented multifamily owner and operator, today announced that its Board of Trustees has completed its previously announced formal evaluation of strategic alternatives to maximize shareholder value. After an extensive evaluation of strategic alternatives available, the Company has entered into a Purchase and Sale Agreement with an affiliate of Cortland Partners, LLC, a vertically integrated, multifamily real estate investment, development, and management company, under which Cortland will acquire a 19-asset portfolio from Elme for $1.6 billion in cash, subject to certain adjustments. The transaction is expected to close in the fourth quarter of 2025, subject to customary…
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Restaurateur linked to 11 liquidations now owes the Govt $2m Newsroom
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Builder who dragged out court case ordered to pay $285,000 costs Stuff
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Auctioneer hired to handle assets in tree surgery firm’s liquidation Insider Media Ltd
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Elme to Seek Shareholder Approval for Cortland Portfolio Transaction and Plan of Sale and Liquidation
Intends to Make Total Upfront Distributions to Shareholders of Approximately $14.68 to $15.00 per Share assuming the Consummation of the Cortland Portfolio Transaction
Company’s Current Estimate of Additional Liquidating Distributions to Shareholders is Approximately $2.90 to $3.50 per Share in the Aggregate
BETHESDA, Md., Aug. 04, 2025 (GLOBE NEWSWIRE) — Elme Communities (“Elme” or the “Company”) (NYSE: ELME), a value-oriented multifamily owner and operator, today announced that its Board of Trustees has completed its previously announced formal evaluation of strategic alternatives to maximize…
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The Insolvency and Bankruptcy Board of India (IBBI) has imposed a financial penalty on insolvency professional Mr. Pankaj Ramandas Majithia for multiple lapses during his tenure as the Resolution Professional (RP) in the insolvency of Shree Ram Urban Infrastructure Pvt. Ltd. The action stems from his failure to safeguard the corporate debtor’s assets and his inability to ensure proper process in the auction of scrap material.
The case centers around a plot of land that had been under dispute between the corporate debtor and Kalpataru Properties Pvt. Ltd., based on a 2004 Memorandum of Understanding. Following multiple court orders, including those from the Supreme Court, the RP was eventually directed to hand over the…
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Once touted as a promising player in India’s waste management sector, with multiple waste-to-energy (WTE) incineration plants, is now battling an insolvency case filed by Rural Electrification Corporation (REC) Ltd, a key public sector lender.
Abellon has four ongoing projects in Ahmedabad, Vadodara, Rajkot and Jamnagar, which cumulatively burn about 3,750 tonnes of mixed municipal solid waste (MSW) every day. The company also had plans to build 11 WTE plants across various districts in Gujarat.
Recently, it was booked under Section 7 of the Insolvency and Bankruptcy Code for a of over Rs 15 crore. Abellon has offered a Rs 14 crore through a group affiliate. REC initially rejected the offer, but a revised proposal was later…