Tax season officially begins today, as the IRS starts accepting individual tax returns for tax year 2023. Three-quarters (75%) of filers expect a refund, according to a new survey from Intuit Credit Karma, with more than a quarter (27%) of them predicting it will be larger than last year. Other filers, however, are feeling anxious…
The Supreme Court has held that the imposition of moratorium under Section 14 of the Insolvency and Bankruptcy Code, 2016 (IBC) has no effect on the execution of a decree against the Directors or Officers of the Company (Corporate Debtor), which is undergoing Corporate Insolvency Resolution Process (CIRP) under IBC. When the Company was admitted…
Getty Images By Mariko Oi Business reporter Debt-laden Chinese property giant Evergrande has been ordered to liquidate by a court in Hong Kong. Judge Linda Chan said “enough is enough” after the troubled developer repeatedly failed to come up with a plan to restructure its debts. The firm has been the poster child of China’s…
Byju’s Parent Company TLPL Plans USD 200 Million Rights Issue For Operational Sustainability | Image: Byju’s (Representative) Think and Learn Private Limited (TLPL), the parent company of Byju’s, on Monday announced to raise USD 200 million by way of a rights issue to all its equity shareholders, in its bid to achieve operational sustainability. The…
HONG KONG — A Hong Kong court ordered China Evergrande, the worlds most heavily indebted real estate developer, to undergo liquidation following a failed effort to restructure $300 billion owed to banks and bondholders that fueled fears about Chinas rising debt burden. It would be a situation where the court says enough is enough, Judge…
Hong Kong. A Hong Kong court on Monday ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a lack of progress on the part of the…
A Hong Kong court has ordered one of China’s biggest property developers, Evergrande Group, to liquidate after it was unable to reach a restructuring deal with creditors over hundreds of billions of dollars it owes. Key points: Evergrande has been ordered to liquidate after failing to come up with a restructuring deal with creditors over US$300 billion…
If developing economies found it hard to manage their debts in 2023, they are likely to face even more formidable challenges this year. Though most possess relatively small debt stocks and are not considered insolvent, many are in dire need of liquidity. As long as this remains true, they will struggle not only to manage…
Embattled Chinese property juggernaut Evergrande has plunged into liquidation years after it racked up debt in the hundreds of billions of dollars. A Hong Kong court ordered the company to go into liquidation on Monday afternoon AEDT. It comes after Evergrande was spared from the same fate in December, with the judge granting the business…
The Evergrande Group headquarters logo in Shenzhen, China. Photo / AP A Hong Kong court today ordered property developer China Evergrande Group to liquidate after it was unable to reach a restructuring deal with creditors. Judge Linda Chan said it was appropriate for the court to order Evergrande to wind up its business given a…