Barclay brothers given six weeks to avoid bankruptcy after HSBC action

Howard and Aidan Barclay have been given six weeks to reach an agreement with creditors after HSBC launched bankruptcy proceedings over debts linked to the collapse of the family’s logistics empire. At a High Court hearing on Tuesday, Mr Justice Michael Briggs granted the brothers until 17 March to circulate proposals for individual voluntary arrangements […]

Transport Committee urges action to secure skills pipeline for UK transport manufacturing

The Transport Committee has called on the Government to seize “once-in-a-generation” opportunities to secure the future skills pipeline for the UK’s transport manufacturing sector, amid mounting shortages and the rapid shift to cleaner technologies. In a new report published today, MPs warn that manufacturers across aerospace, automotive, rail and maritime industries are struggling to access […]

Khata not transferred after possession: KRERA pulls up Bengaluru builder, directs action within 30 days

The Karnataka Real Estate Regulatory Authority (KRERA) has pulled up a Bengaluru-based developer for failing to issue the khata to a homebuyer despite handing over possession of the apartment. The regulator has directed the builder to ‘transfer and facilitate’ the khata in the buyer’s name within 30 days of the order date. Karnataka RERA has […]

KRERA restrains lender from seizing Bengaluru homebuyer’s mortgaged flats, says coercive action violates RERA’s spirit

The Karnataka Real Estate Regulatory Authority (KRERA) has restrained a finance company from taking possession of flats purchased by a homebuyer in a mortgaged Bengaluru project, thereby protecting their ownership rights. KRERA has barred a lender from seizing flats bought by homebuyers in a mortgaged Bengaluru project, safeguarding their ownership rights. (Representational Image) (Unsplash ) […]