July 27, 2017

NCLT appoints IRP to carry out Amtek Auto insolvency process – Daily News & Analysis

BankruptcyBy Insolvency Advisory Accountants July 27, 2017

The National Company Law Tribunal (NCLT) today appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing. “NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional (IRP) for carrying out the CIRP (corporate insolvency resolution process) of the company,”…

The retail apocalypse is driving a $175 million business at Lazard – Business Insider

RestructuringBy Insolvency Advisory Accountants July 27, 2017

Investment bank Lazard is having a record-breaking 2017, despite choppy waters in the mergers and acquisitions market. The firm on Tuesday announced record first-half revenues of $US1.35 billion, soaring past analyst expectations. The bulk of Lazards business comes from asset management and its M&A and advisory business, which pulled in $US585 million and $US571 million…

FIFPro keen to protect players in China amid debt concerns – Eurosport.com AU

Debt HelpBy Insolvency Advisory Accountants July 27, 2017

Thirteen clubs in China’s top flight, as well as four from the second division and one from the third tier, were named in a letter sent by the CFA claiming all 18 had debts outstanding that could see them denied entry into next year’s competitions. The move was sparked by a letter from…

Foreign investors tuck into India’s masala bonds – Financial Times

LiquidationBy Insolvency Advisory Accountants July 27, 2017

As Indian banks stagger under a wave of business defaults, some in Mumbai are hoping that their crisis could have the side-effect of catalysing a long-stagnant corporate bond market. Indias securities regulator last week suspended issuances of offshore rupee-denominated masala bonds, arresting the growth of the new asset class. The abrupt move was prompted by…

Leclanché shrugs off insolvency ‘blip’, targets US stock listing and software acquisition – Energy Storage News

BankruptcyBy Insolvency Advisory Accountants July 27, 2017

Published: 27 Jul 2017, 12:05 Leclanché battery storage system at a large remote microgrid project. image: Younicos. Swiss battery maker Leclanché could apply for listing on a US stock exchange and is targeting the acquisition of an energy management storage software company, despite emerging from a recent period of technical insolvency. Leclanché held its annual…

PPR recruits new Perth head – Business News

RestructuringBy Insolvency Advisory Accountants July 27, 2017

Experienced public relations executive Fiona McRobert is returning to Perth to lead the local office of PPR, as the one-time market leader seeks to rebuild its WA practice after a long period of downsizing. Ms McRobert will take up the role of Western Australian market lead and will return to Perth after serving in a…

SC allows settlement between parties even after case is admitted under IBC – Business Standard

LiquidationBy Insolvency Advisory Accountants July 27, 2017

In a recent decision, the Supreme Court used its powers under Article 142 of the Constitution to record consent between Lokhandwala Kataria and Nisus Finance and Investment Manager. This was a case under the Insolvency and Bankruptcy Code (IBC) filed by the former after losing the case in the National Company Law Tribunal (NCLT)…

Supreme Court uses special powers, allows company to withdraw from NCLT – Economic Times

BankruptcyBy Insolvency Advisory Accountants July 27, 2017

MUMBAI: The Supreme Court has used special powers to allow a company to withdraw from insolvency proceedings after both parties, the borrower and the creditor, arrived at a mutual settlement on the loan. The judgment assumes significance since the provisions of the new recovery law, the Insolvency and Bankruptcy Code, does not allow either of…

FIFPro keen to protect players in China amid debt concerns – SBS

Debt HelpBy Insolvency Advisory Accountants July 27, 2017

Man admitted slitting dealer’s throat, made threat to mate’s family, court told – Brisbane Times

GamblingBy Insolvency Advisory Accountants July 27, 2017

A Melbourne man accused of slitting his drug dealer’s throat in the back of a car confessed the crime to a friend and then threatened to kill his mate’s family if he dobbed, a court has been told. A witness choked back tears in a Melbourne court room on Thursday as he described how alleged…

Daily Archives: July 27, 2017