In another attempt to improve the ease of doing business, the government on Monday introduced the ‘Insolvency and Bankruptcy Code, 2015’ in Parliament that provides for resolution of insolvency within a time frame. The bill is aimed at promoting investments, which will lead to higher economic growth. Also, it provides for setting up of an…
By John Kelly, Theres an old saying: It takes money to make money. As it turns out, that adage has a flip side: Not having money costs you money. Thats just another of the indignities that poor people face. Its what makes Heather Lynskeys job so challenging. Its also what makes her successes…
IVRCL jumped 5.01% to Rs 9.65 at 12:44 IST on BSE after the company said its board of directors decided to carve out the business of the company into two companies by way of scheme of arrangement. The announcement was made on Saturday, 19 December 2015. Meanwhile, the S&P BSE Sensex was up 146.32…
Football agent John Viola has been declared bankrupt after failing to pay a £225,000 tax bill. Viola who represented Rangers hero Barry Ferguson and Celtic star Scott Allan when he was a youngster at Dundee United ploughed cash into a film investment scheme which was later ruled to be an illegal tax dodge. His proposals…
By: ENS Economic Bureau | Published:December 22, 2015 1:40 am iquidation of companies is handled by the high courts, individual cases are dealt with under the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920. The government on Monday introduced in Parliament the Insolvency and Bankruptcy Code, 2015 that provides for resolution of insolvency…
TOP football agent John Viola has been declared bankrupt after failing to pay a £225,000 tax bill. Viola who represented Rangers hero Barry Ferguson and Celtic star Scott Allan when he was a youngster at Dundee United ploughed cash into a film investment scheme which was later ruled to be an illegal tax dodge. His…
Last Modified: Tue, Dec 22 2015. 12 28 AM IST The proposed bankruptcy code will cover individuals, companies, limited liability partnerships and partnership firms, and proposes a time-bound framework New Delhi: The government on Monday introduced a bill in Parliament that will make it easier for sick companies to either wind up their businesses…
Bill in Lok Sabha to consolidate, amend all bankruptcy laws New Delhi, December 21: The Modi-led government has taken a big step towards putting in place an effective legal framework for insolvency resolution in a time-bound manner. A Bill to consolidate and amend all laws relating to insolvency resolution so as to tackle the issue…
Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…
Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…