Supertech’s Insolvency: Glimmer Of Hope For Homebuyers Law & PolicySupertech Insolvency: Glimmer Of Hope For Homebuyers ADVERTISEMENT 23 May 2023, 3:04 PM IST 23 May 2023, 3:04 PM IST 23 May 2023, 3:04 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/law-and-policy/supertech-insolvency-glimmer-of-hope-for-homebuyers
KUALA LUMPUR: There will be two new categories for individuals to be discharged from bankruptcy status under the new amendments to the Insolvency Act 1967, says Datuk Seri Azalina Othman Said (pic). During the second reading of the Bill at the Dewan Rakyat on Tuesday (May 23), the Minister in the Prime Minister’s Department (Law…
FORMER Celtic manager and England footballer John Barnes has avoided bankruptcy with an 11th-hour payment to the taxman. An HMRC official told an insolvency and companies court yesterday that the money the ex-midfielder owed had been paid in full. 1 John Barnes has avoided bankruptcy with an 11th-hour payment to the taxmanCredit: Getty A hearing…
Introduction Australian insolvency practitioners have long considered that the Court will take a liberal approach to granting an extension to the period in which the second meeting of creditors must be convened under section 439A(6) of the Corporations Act 2001 (Cth) (the Act). Indeed, there is ample case law where courts have granted extensions to…
Permanent residents of Peninsula Eco Villas and Beach Huts were told last Thursday the manufactured homes park in Capel Sound, Morning Peninsula, was closing next month after the owner RC 1 was declared insolvent in March. The 28 villa owners were told in early April that they would soon receive an offer for their dwellings,…
Chapman Tripp senior associate Janko Marcetic said typically insolvency processes do not distinguish between the size and complexity of the debtor. Photo: 123RF An insolvency lawyer says Australia’s simplified insolvency model for small- and medium-sized businesses should be considered for New Zealand. Australia’s new small business insolvency model came into force in early 2021, and…
FORMER Liverpool and England footballer John Barnes has avoided bankruptcy with an 11th-hour payment to the taxman. An HMRC official told an insolvency and companies court yesterday that the money he owed had been paid in full. 1 John Barnes has avoided bankruptcy with an 11th-hour payment to the taxmanCredit: PA A hearing in February…
The late Sam Henderson. Insolvency Options principal Darren Vardy. Recently deceased insolvency practitioner Sam Henderson was seemingly in the thick of things to the very end, with a Federal Court judgement detailing meetings the former Jirsch Sutherland partner had with a liquidator in the weeks before he was found dead at a North Sydney hotel…
New Delhi: In a relief for Go First airline, the National Company Law Appellate Tribunal on Monday upheld the National Company Law Tribunal’s order on the Wadia Group-backed airline’s insolvency proceedings, thus keeping the moratorium in place for the airline’s aircraft. In the petition filed by one of the lessors SMBC Aviation Capital, the tribunal…
Last week, we reported that the number of housing construction companies declared insolvent had reached a nine-year high, signaling an insolvency Armageddon for the countrys home builders. According to Michael Bleby at The AFR, builders behind more than 5200 homes, worth a collective $2.2 billion, have collapsed since 2021. So far this financial year alone,…