Bankruptcy regulations amended to enable better stakeholder participation

Sep 20, 2022

New Delhi [India], September 20 : The Insolvency and Bankruptcy Board of India (IBBI) has notified amendments in the Insolvency and Bankruptcy Board of...

Burj Khalifa builder Arabtec confirms liquidation

Oct 04, 2020

Dubai [UAE], October 4 : UAE construction giant that built the world's tallest building the Burj Khalifa, Arabtec formally announced that it was going...

SC orders liquidation of Jet Airways, quashes NCLAT order

Nov 07, 2024

Exercising its extraordinary powers under Article 142 of the Indian Constitution, the Supreme Court on Thursday ordered the liquidation of the grounded air carrier...

Hong Kong court orders liquidation of indebted Chinese company Evergrande

Jan 29, 2024

Evergrande is a real estate developer with more than USD 300 billion in debt, sitting in the middle of the world's biggest housing crisis....

China's real estate crisis: Shanghai-based property giant Shimao Group faces liquidation suit

Apr 08, 2024

Amid the real estate crisis in China, another Shanghai-based property giant Shimao Group said on Monday that it had received a liquidation petition from...

Supreme Court overturns NCLAT order, Jet Airways to go into liquidation

Nov 07, 2024

The Supreme Court on Thursday set aside the National Company Law Appellate Tribunal (NCLAT) order which has allowed cash-strapped Jet Airways ownership transfer to...