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Articles for Liquidation, search results for property

Australian authors devastated after losing thousands to Shawline Publishing, now in liquidation
1 month, 1 week ago

Australian authors devastated after losing thousands to Shawline Publishing, now in liquidation

ABC  

Liquidators for embattled Victorian publisher Shawline have confirmed hundreds of authors and the tax office are owed more than $800,000. Liquidators Adrian Hunter and Robyn Erskine, of Brooke Bird, said in a letter to creditors many authors had lost money, but there were "limited available funds" and it would not be possible for them to "work free of charge for …

Publishing Authors Book Mcbride Lot Mr Mcbride Shawline
Liquidators Struggle to Recover Cash From China’s Broke Builders
4 months, 3 weeks ago

Liquidators Struggle to Recover Cash From China’s Broke Builders

Live Mint  

Liquidators trying to recoup at least a fraction of creditors’ investments in defaulted Chinese builders are running into dead-ends. Creditors in three cases, including Sinic Holdings Group Co. and Yango Justice International Ltd., haven’t seen any significant distribution, they said, declining to be identified discussing private matters. “Liquidators who are seemingly powerful could end up powerless.” Some offshore bonds of …

China Hong Kong Case According Chinese Kong Hong
Apex Homes Australia collapses: Victoria-based construction company is ordered into liquidation
9 months, 3 weeks ago

Apex Homes Australia collapses: Victoria-based construction company is ordered into liquidation

Daily Mail  

A Victorian construction company has collapsed placing the fate of a slew of projects up in the air. After a drawn out process, Apex Homes Australia, based in North Melbourne, was ordered to go into liquidation on the grounds of insolvency by the Supreme Court on Wednesday. Creditors include concreting business, Aerolink Property Group, which lodged a winding up application …

Construction Company
Relief for homebuyers: Allotted flats will not be part of liquidation process, says insolvency and bankruptcy board
10 months 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
Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry
10 months, 3 weeks ago

Court orders liquidation of Chinese property giant Evergrande in landmark moment for industry

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 has …

China Property Court Hong Kong Order Company Chinese
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
Chinese property developer firm Evergrande faces liquidation after Hong Kong court order
10 months, 3 weeks ago

Chinese property developer firm Evergrande faces liquidation after Hong Kong court order

Op India  

On 29th January, the Hong Kong court issued an order to liquidate Evergrande, a property developer from China. Notably, Evergrande was once China’s most prominent property developer and had played a significant role in the country’s economy. The court order came after a financer filed a winding-up petition in 2022 and sought liquidation of the company after Evergrande defaulted on …

China Property Court Hong Kong Order Company Chinese
Evergrande heads for liquidation: Rise and demise of China’s property giant
10 months, 3 weeks ago

Evergrande heads for liquidation: Rise and demise of China’s property giant

Firstpost  

Here comes another blow for the world’s most indebted property developer — Evergrande Group. A person pushes a cart near media members standing outside the High Court where a court hearing on property developer China Evergrande Group is held, in Hong Kong. Most of Evergrande’s assets are in mainland China and despite the “one country, two systems” slogan, there are …

China Property Court Hong Kong Company Chinese Hong
Hong Kong court orders liquidation of China's Evergrande. What comes next?
10 months, 3 weeks ago

Hong Kong court orders liquidation of China's Evergrande. What comes next?

Firstpost  

Evergrande Group was once China’s biggest property developer. Evergrande cited a Deloitte analysis during a Hong Kong court hearing in July that estimated a recovery rate of 3.4 per cent if the developer were liquidated. Most of Evergrande’s assets have been sold or seized by creditors, leaving its two units listed in Hong Kong — Evergrande Property Services Group, opens …

China Property Court Hong Kong Developer Liquidator Evergrande
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
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
China Evergrande’s court hearing deferred to Dec 4; last chance for resolution
1 year, 1 month ago

China Evergrande’s court hearing deferred to Dec 4; last chance for resolution

Live Mint  

Hong Kong High Court judge Linda Chan has deferred today's hearing of China Evergrande Group to December 4, Reuters reported. Judge's Words Justice Chan conveyed that Evergrande must submit a "concrete" revised restructuring proposal before the next hearing; or face the possibility of liquidation. A potential liquidation would introduce further uncertainty into China's property debt crisis, which is entering its …

China Hong Kong Debt Reuters Bloomberg Chan Evergrande
How a 'sharp deterioration' in China's property market and potential collapse of Evergrande could affect Australia's economy
1 year, 2 months ago

How a 'sharp deterioration' in China's property market and potential collapse of Evergrande could affect Australia's economy

ABC  

China's property market is facing a "sharp deterioration" which could lead to financial stress domestically, and ultimately affect its trade with Australia. Key points: Evergrande is facing liquidation proceedings on October 30 Police have detained its chairman and founder Hui Ka Yan The company has been blocked from raising new debt to fund its survival That is one of the …

Economy China Market Australia Financial Property Debt
Official Liquidator Taking Over Third Party Property Under Liquidating Company's Possession Must Pay Rent As Costs Of Winding Proceedings: Karnataka HC
2 years, 5 months ago

Official Liquidator Taking Over Third Party Property Under Liquidating Company's Possession Must Pay Rent As Costs Of Winding Proceedings: Karnataka HC

Live Law  

The Karnataka High Court has held that upon the Official Liquidator taking possession of the premises belonging to a third party, which was in possession of the Company in liquidation, the Official Liquidator would be required to make payment of the rentals to such third party land owner as costs of winding proceedings, the landlord being entitled to the rentals …

Landlord Pay Payment Company Official Kar Rent