The National Company Law Tribunal (NCLT) requires more manpower to expedite the handling of bankruptcy cases and help in the faster resolutions of stressed assets, its president Ramalingam Sudhakar said on Tuesday, the Economic Times of India reported. “Give me the number, I will give you the results,” Sudhakar said at a function to mark the eighth foundation day of the Insolvency and Bankruptcy Board of India (IBBI) here. The head of the adjudicating authority was responding to concerns about delay in the admission and clearances of insolvency cases.

Shares of Chinese property developers rallied most on record after Beijing joined its peers to ease rules for homebuyers, following the Asian nation’s call to stem the property market decline, Bloomberg News reported. A Bloomberg Intelligence gauge of Chinese real estate stocks surged as much as 31% — a record — on Wednesday, following the Monday announcement that the nation’s capital will make it easier for non-residents to buy property in core areas and cut minimum down payment ratios. The index has risen 92% over the last five trading days.

India’s securities regulator introduced a slew of steps to limit equity derivatives trading, attempting to shield retail investors whose appetite for the products fueled their rise in the nation, Bloomberg News reported. The measures from the Securities and Exchange Board of India erect hurdles for short-term speculative bets, such as limiting index option contracts with weekly expiries, according to the details on its website released Tuesday.

Thai Airways International Pcl plans to issue new shares worth at least 42 billion baht ($1.3 billion) to creditors and other investors by December, a major step toward exiting a court-monitored debt restructuring and resumption of trading in its shares, Bloomberg News reported. The carrier will offer about 6.81 billion new shares to creditors under a debt-to-equity swap, according to its regulatory filing Monday. These stocks are priced at 2.5452 baht each, valuing the offering at 17.3 billion baht, it said.

The United States is raising new concerns about China’s practice of making emergency loans to debt-ridden countries, warning that a lack of transparency surrounding such financing can mask the fiscal predicaments facing fragile economies that have turned to China for help, the New York Times reported. A senior Treasury official, Brent Neiman, will publicly air concerns about the practice on Tuesday during a speech in which he will urge the International Monetary Fund to push China for greater clarity about its lending terms.

Thai retail and property conglomerate Central Group said on Monday it will take over the operational business of Magazine zum Globus AG, which operates luxury department stores in Switzerland, Reuters reported. Globus is another piece of the fallen empire of Austrian property tycoon Rene Benko, whose sprawling Signa group folded late last year, sending shockwaves through a European property sector already beset with problems.

The Insolvency Appellate Tribunal (NCLAT) has given additional time to Supertech Township Projects, a real estate firm in financial trouble, to circulate a settlement proposal to its lenders and homebuyers, the Economic Times of India reported. Ram Kishore Arora, the suspended director of the firm, now has two more weeks to complete and share the proposal. NCLAT suggested that Supertech should also publish the settlement proposal on its website to ensure all concerned stakeholders can access it.

Housing Development & Infrastructure Ltd’s former promoter Rakesh Wadhawan has approached the National Company Law Tribunal, demanding reconduct of the corporate insolvency resolution process (CIRP) of the now-defunct realty firm, the Economic Times of India reported. Wadhawan has also sought to submit a resolution plan to revive the company.

Singapore’s High Court approved former oil tycoon Lim Oon Kuin’s agreements to pay about $3.59 billion to the liquidators of his company and creditor HSBC Holdings Plc, ending the multi-year civil cases against him and his family, Bloomberg News reported. The Lims didn’t admit liability. They will pay the sum with interest and costs in the consent judgments agreed in court proceedings on Monday. OK Lim and his children Evan Lim Chee Meng and Lim Huey Ching will file for bankruptcy, they said in separate statements.

The Malaysian High Court on Monday fixed Jan 6, 2025, to hear former prime minister Datuk Seri Najib Razak and his son Datuk Nazifuddin Najib's appeals to stay bankruptcy proceedings for their failure to settle RM1.69 billion and RM37.64 million in tax arrears to the Inland Revenue Board (IRB), The Edge Malaysia reported. Their initial applications had been denied by the deputy registrar in July. The date was fixed following case management before High Court (Insolvency) Senior Assistant Registrar Naeilah Nikrul Tarmizi on Monday.