Monday, 15 May 2017, 12:07 pmPress Release: New Zealand Government Hon Jacqui Dean Minister of Commerce and Consumer Affairs 15 May 2017 Consultation begins on corporate insolvency law Commerce and Consumer Affairs Minister Jacqui Dean today released the second and final part of the insolvency law review by the Insolvency Working Group. The Insolvency Working…
IDBI Bank is said to be planning to approach National Company Law Tribunal (NCLT) to recover bad loans worth Rs 100 crore from a company. Under Insolvency and Bankruptcy Code, a bank can file a case in NCLT to recover debt. An official in the know said, The IDBI Bank is planning to…
AFTER working as an education official in the seaside province of Trang, Wichai (whose surname was withheld) had an ambition to set up his own business. But his venture collapsed and left him with debt of Bt12 million. Wichai is on the verge of bankruptcy but has his fingers crossed that the Office of the…
Scandal-plagued Acquire Learning goes into administration exit The shakeout of Australia’s privatised vocational education market has claimed one of its biggest players. Acquire Learning, a company which once boasted former AFL boss Andrew Demetriou as chair of its advisory council, went into voluntary administration on Friday on the verge of insolvency. Back in 2014 the…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…