Salesforce burned in $150m Careers Australia collapse – CRN Australia

Enterprise cloud giant Salesforce.com has been caught in the collapse of private training provider Careers Australia Group and potentially more technology suppliers, big and small, might be wandering in the debris field. Careers Australia entered voluntary administration in May shortly after it was stripped of accreditation for federal funding support. Administrator PPB has so far…

Boris Becker ‘lost his £100m fortune investing in Nigerian oil firms that plunged in value’ – Daily Mail

Becker struck the deal in 2013, partly brokered by a Nigerian employee of his But the investments tanked and last month he was declared bankrupt  His lawyer told a London court that he is not financially ‘sophisticated’  Becker is bankrupt, and owes undisclosed sums to London bankers  By Daily Mail Reporter Published: 07:47 +10:00, 17…

Insolvency professionals in high demand: CAs, cost accountants and company secretaries rush to get qualified – Economic Times

KOLKATA | MUMBAI: As banks try and resolve the bad loans that have burdened the industry, insolvency professionals stand to get a big career boost. Chartered accountants, cost accountants and company secretaries are said to be rushing to get themselves qualified in hundredsand this is just the beginning. If the bankruptcy process unfolds as its…

Wind energy: Inox wind challenges National Company Law … – Economic Times

MUMBAI: Wind energy solutions provider Inox Wind (IWL) is challenging the National Company Law Tribunals Chandigarh bench order on insolvency, claiming it is solvent and in “excellent” financial health. ET had exclusively reported on Saturday that NCLT passed an order on July 5, clearing way for the insolvency of the company after an ‘operational creditor’…

IBC segregates judicial, commercial aspects of insolvency – Economic Times

NEW DELHI: The Insolvency and Bankruptcy Code has segregated judicial and commercial aspects of the insolvency process whereby stakeholders have the right to decide on what suits them, IBBI chairperson M S Sahoo said today. The Code, which became operational in December last year, provides for a market-determined and time-bound insolvency resolution process. The Insolvency…