Appellate tribunal NCLAT has rejected a plea against Voltas, which sought to initiate insolvency proceedings against the Tata Group firm by one of its operational creditors, the Economic Times of India reported. A two-member NCLAT bench has upheld the earlier orders of the Mumbai-bench of the National Company Law Tribunal (NCLT), which had on May 27, 2025 rejected the petition on the grounds of a pre-existing dispute.

It was found that last year’s profitability in the construction industry fell to the lowest level in 10 years, Biz.Chosun.com reported. According to the report “Analysis of 2024 management performance of construction companies subject to external audits and marginal corporations,” published by the Construction & Economy Research Institute of Korea (CERIK) on the 28th, the net profit margin of construction corporations subject to external accounting audits is 0.8%. CERIK said that it is the first time since 2015 that the net profit margin has fallen into the 0% range.

Two of China’s private data agencies withheld monthly home sales figures at the government’s behest, people familiar with the matter said, stoking transparency concerns in a critical sector of the world’s second-largest economy, Bloomberg News reported. China Real Estate Information Corp. and China Index Academy, which are among the country’s biggest private property data providers, didn’t disclose the combined sales of the nation’s 100 largest developers for November on Sunday.

China Vanke will seek bondholder approval to delay the repayment of a 2 billion yuan ($282.6 million) onshore bond, a filing late on Wednesday showed, a move that could trigger a new wave of anxiety in both financial and property markets, Reuters reported. A public bond extension would be the first for the state-backed property developer, a household name with many projects in China's biggest cities. A debt restructuring by Vanke, with 364.3 billion yuan of interest-bearing liabilities, could also potentially dwarf defaults by privately owned peers Evergrande and Country Garden this decade.

Homeplus, which is undergoing corporate rehabilitation proceedings, conducted a public competitive bidding to find a company for acquisition and merger (M&A) but received no applicants, the Chosun Daily reported. According to the Seoul Rehabilitation Court and Homeplus on the 26th, no bids were submitted by 3 p.m. that day, the deadline for acquisition bids. Earlier, Harex Infotech, an AI and payment solutions company, and Snowmad, a real estate development firm, which had submitted letters of intent, also did not participate in the final bidding.

A fifth report on the liquidation of Wishbone has raised the possibility that action could be taken against company directors after indications the company had been trading while insolvent for several months prior to liquidation in New Zealand, during which time it racked up debts it was unable to pay back, The Post reported. And, liquidator Mohammed Jan said, there would also be investigations into whether payments to certain creditors and related parties were voidable, or able to be clawed back. By law payments made when a company is insolvent can be voided in this way.

The United ​States on Wednesday said ‌it was extending into November ‌2026 tariff exclusions that had been due to expire later this month ⁠related to ‌a probe of China's practices on ‍technology transfer and intellectual property, Reuters reported. "The extension of ​the exclusions follows the ‌historic trade and economic deal reached between President Trump and President Xi Jinping of China announced ⁠by the White ​House on ​November 1, 2025," the Office ‍of ⁠the U.S.

A Singapore court has cleared the way for a $2.7 billion lawsuit against Standard Chartered Bank over its alleged role in 1MDB fraud, liquidators seeking to recover the funds said on Monday, Reuters reported. Singapore High Court dismissed an application by the bank to strike out a suit filed against it by liquidators, the liquidators said in a press release, calling it "a significant legal victory" allowing the case to continue.

The new bench of the National Company Law Tribunal (NCLT) has admitted Katra Realtors under the corporate insolvency resolution process (CIRP) following an application filed by IL&FS Financial Services Ltd., the Economic Times of India reported. Delhi-based Katra Realtors was a corporate guarantor to listed real estate developer Ansal Properties and Infrastructure (Ansal API), which is also currently undergoing an insolvency resolution process.