CLOSED: The former site of Stepping Stone restaurant. Photo: PHIL BLATCH 0904pbanson3 The bankrupt owner of the failed Orange restaurant Stepping Stone has apologised for leaving creditors with debts totalling $236,974. Tom Grasso closed the Anson Street restaurant in May as the debts mounted and was declared bankrupt on June 27. Orange wineries, suppliers, caterers, a…
Homebuyers in Jaypee Infratech projects are required to fill up forms to register their claims for the corporate insolvency resolution process against the company by 31 August. Photo: Ramesh Pathania/Mint New Delhi: The Supreme Court on Monday stayed an August order passed by the Allahabad bench of the National Company Law Tribunal (NCLT), which initiated…
Sep 04, 2017 01:17 PM IST | Source: CNBC-TV18 Around 32,000 homebuyers, who have not yet been given their flats as promised by Jaypee especially in the Delhi NCR region, face uncertainty over their investment in housing projects by the insolvency order The Supreme Court Monday stayed the insolvency proceedings against Jaypee Infratech, ruling in favour…
In a big relief for Jaypee homebuyers, the Supreme Court has stayed the National Company Law Tribunal (NCLT) proceedings against the builder. The NCLT had, while acting on an insolvency plea, filed by Jaypee Infratech Limited stayed all pending proceedings before all judicial and quasi-judicial bodies leaving aggrieved homebuyers with no legal remedies, buyers had…
A judge in Vanuatu has ordered a temporary stay on a decision to liquidate the company which owns a prominent resort. Port Vila, Vanuatu. Photo: RNZI Iririki Island Holdings, the owners of the prominent resort that sits on an island in Port Vila Harbour, was last week declared insolvent by the Supreme Court. Justice Geoghegan…