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Daily Archives: August 12, 2017

Jaypee Infratech’s home buyers stage protest in Noida after company files petition for insolvency – Firstpost

BankruptcyBy Insolvency GuardianAugust 12, 2017

Noida (Uttar Pradesh): As hundreds of angry home buyers of Jaypee Wish Town staged a protest here, the Noida Authority on Saturday promised to protect the interests of the flat owners, saying a plan is being worked out in this regard. The home buyers gathered at the company office here, shouting slogans against the management…

What if your builder becomes insolvent? Road ahead for Jaypee buyers – Economic Times

LiquidationBy Insolvency GuardianAugust 12, 2017

Home buyers of Jaypee infratech are facing an unprecedented situation: it is the first housing company that has entered insolvency proceedings. Complications are little when it comes to insolvency of, say, a steel company. But the case of real estate company which is in the middle of constructing homes becomes challenging, especially for buyers. That’s…

Indian-origin pizza company director banned in UK – ETRetail.com

BankruptcyBy Insolvency GuardianAugust 12, 2017

London- A 58-year-old Indian-origin director of a pizza company in the UK has been banned for seven years for making payments totalling at least 205,000 pounds to a company in which he had a personal interest. Balwinder Singh‘s Charnwood Foods Ltd in the WestMidlands region of England had the franchise for Papa John’s Pizza in…

Alan Bond shares ‘last words’ on his success, failures – The West Australian

BankruptcyBy Insolvency GuardianAugust 12, 2017

Footage from the last interview given by infamous WA businessman Alan Bond has been released, two years after his death. In it, Bond reveals mistakes he made in his life and reflects on the highs and lows throughout his high-flying career. To many, the businessman was equal parts hero and villain and he was, at…

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