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Articles for Liquidation, search results for estate

Relief for homebuyers: Allotted flats will not be part of liquidation process, says insolvency and bankruptcy board
10 months, 1 week ago

Relief for homebuyers: Allotted flats will not be part of liquidation process, says insolvency and bankruptcy board

Hindustan Times  

In a relief to homebuyers who had been given possession of their homes but were left in a lurch after the builder’s company was declared insolvent, the Insolvency and Bankruptcy Board of India, in its latest amendment, has said that assets in a real estate project that have been handed over to the allottees would be exempted from liquidation process. …

Corporate Insolvency Homebuyers Resolution Professional Process Units Amendment
Evergrande faces imminent liquidation after talks with top creditors break down
10 months, 3 weeks ago

Evergrande faces imminent liquidation after talks with top creditors break down

Live Mint  

Chinese property developer Evergrande faces imminent liquidation after its overseas creditors failed to reach an 11th-hour deal this weekend to restructure the sprawling real-estate company, according to people familiar with the matter. Without a deal, a group of Evergrande’s creditors’ plan to support an existing petition to liquidate the company at a winding-up hearing on Monday in Hong Kong, the …

China Hong Kong Company Chinese Its Debt Evergrande Creditors Plan
Why China Property Giant Evergrande Faces Liquidation
10 months, 3 weeks ago

Why China Property Giant Evergrande Faces Liquidation

Bloomberg  

Property giant China Evergrande Group is heading for liquidation after a Hong Kong court ordered it to be wound up. Evergrande defaulted on its bonds in December 2021, triggering protracted negotiations with creditors to hammer out a restructuring plan. Further funding problems sent the company’s stock and bonds tumbling and, after late payments on some dollar bonds, it missed a …

China
ESI Dues Not At Par With PF, Pension Or Gratuity Dues; Neither Excluded From Liquidation Estate : NCLT Ahmedabad
1 year ago

ESI Dues Not At Par With PF, Pension Or Gratuity Dues; Neither Excluded From Liquidation Estate : NCLT Ahmedabad

Live Law  

The National Company Law Tribunal, Ahmedabad Bench, comprising of Mrs. Chitra Hankare and Dr. Velamur G Venkata Chalapathy, has held that the dues of Employees State Insurance Corporation are not at par with the dues of Provident Fund, Pension Fund or Gratuity Fund under IBC. Section 36 of IBC does not define the dues of ESIC as workmen dues and …

Pension Gratuity Corporate Debtor Operational Creditor Provident Fund Nclt Estate
Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts
1 year ago

Chinese developer Evergrande risking liquidation if creditors veto its plan for handling huge debts

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Hong Kong court will …

China Property Chinese Developer Evergrande Free Real Creditors Veto
NCLT Hyderabad: Asset Becomes Part Of Liquidation Asset If The Secured Creditor Fails To Comply With Regulation 21A
1 year, 3 months ago

NCLT Hyderabad: Asset Becomes Part Of Liquidation Asset If The Secured Creditor Fails To Comply With Regulation 21A

Live Law  

The National Company Law Tribunal, Hyderabad Bench comprising of Dr. Venkata Ramakrishna Badarinath Nandula and Sh. The Tribunal held that when the secured creditor fails to comply with Regulation 21A of the Insolvency and Bankruptcy Board of India Regulations, 2016, the asset that is subjected to security interest shall become part of the liquidation asset. Where a secured creditor proceeds …

Security Regulation Applicant Interest Process Tribunal Nclt
Relevance Of Doctrine Of Priority In Liquidation Under Insolvency & Bankruptcy Code
3 years, 6 months ago

Relevance Of Doctrine Of Priority In Liquidation Under Insolvency & Bankruptcy Code

Live Law  

It is a well established principle that where conflicting, but equal interests have been created in favour of multiple persons, it should be determined based on the maxim qui prior est tempore potior est jure, i.e., he who is earlier in time is stronger in law. This Waterfall mechanism gives the apex priority to the IRP costs and the liquidation …

Security Waterfall Interest Committee Code Priority Proceeds