FactCheck.org clarifies that an opinion piece citing a Treasury report about liabilities exceeding assets doesn’t mean insolvency — this has been the case for decades.
Tag: insolvency
India NCLT Orders Resolution for Distressed Infrastructure Company Facing Insolvency
India’s National Company Law Tribunal directed creditors and stakeholders to proceed with the resolution plan for a major infrastructure company under insolvency proceedings.
NCLT Admits Insolvency Petition Against Major Regional Infrastructure Developer Over Dues
The tribunal appoints an interim resolution professional to oversee assets after the developer defaulted on commercial notes.