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NCLAT Delhi held that distribution of liquidation proceeds has to be in proportion to the admitted claim of secured creditors as per section 53(1) of the Insolvency and Bankruptcy Code and the same ...

Image Source : PTI/FILE PHOTO Gujarat Chief Minister Bhupendra Patel speaks during an event. Gujarat Chief Minister Bhupendra Patel, in a historic decision, has announced the formation of a five ...

Sen. Bill Cassidy (R-La.) said he secured significant concessions from the Trump administration on vaccine safety that led to his vote Tuesday morning to advance the nomination of Robert F.

They are made up of trade creditors owed $278,783, related-party creditors owed $880,328 and the tax office owed $2.7m. Secured creditors are owed $941,376, bringing total liabilities to about $5.1m.

“Having now secured these commitments, I will support Tulsi’s nomination and look forward to working with her to protect our national security,” Young added. The decision came only a couple ...

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and strict foreclosure transaction with its secured creditors valued at more than $3 million. Per the terms of the agreement, over $2 million of senior debt was forgiven and approximately $1 ...

Several reputable news outlets independently reported that Elon Musk and a small team of young engineers had taken over a critical payment system managed by the U.S. Department of Treasury.

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Barun Mita (Technical Member) has held that liquidation proceeds must be distributed as per section 53 of the IBC based on admitted claims of the respective secured creditors and cannot be ...