The Cabinet on Wednesday approved changes to the Insolvency and Bankruptcy Code (IBC), and sent it to the President for his approval. Once approved, the ordinance will be placed before Parliament in the winter session. Finance minister Arun Jaitley did not divulge details about the changes being made to the code, since the Presidents approval…
ENGLANDS players have opted against giving a portion of their match fee to their Samoan counterparts ahead of their clash at Twickenham. Anthony Watson revealed that the possibility of donating part of the $45,000 they are paid for each Test, as recently suggested by prop forward Mako Vunipola, would be discussed this week. Samoas union,…
ENGLANDS players have opted against giving a portion of their match fee to their Samoan counterparts ahead of their clash at Twickenham. Anthony Watson revealed that the possibility of donating part of the $45,000 they are paid for each Test, as recently suggested by prop forward Mako Vunipola, would be discussed this week. Samoas union,…
In the news release, Fashion to Figure Receives Court Approval to Begin “TOTAL LIQUIDATION SALE”, issued 22-Nov-2017 by SB Capital Group, LLC over PR Newswire, we are advised by the company that while the remaining 19 Fashion to Figure stores will be included in the company’s liquidation, they will not necessarily be closing, as the…
Written by Sunny Verma | New Delhi | Published: November 23, 2017 5:12 am Ravi Shankar Prasad, Arun Jaitley on Wednesday. (Express Photo/Anil Sharma) Related News The Union Cabinet approved the promulgation of an ordinance Wednesday to amend the Insolvency and Bankruptcy Code (IBC) to streamline the stressed-assets resolution process and effectively bar wilful defaulters…
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Following an investigation by the Insolvency Service, the Secretary of State for Business, Energy, & Industrial Strategy accepted a disqualification undertaking from Juris Vezenkovs for seven years, effective from this month. Vezenkovs was a director of McDouglas Developments Limited who failed to ensure that the receipts were declared on the companys VAT Returns which resulted…
Jaypee Infratech has defaulted on Rs526.11 crore of loans outstanding to IDBI Bank. Photo: Ramesh Pathania/Mint New Delhi: The Supreme Court on Wednesday restrained the independent directors and promoters of Jaiprakash Associates Ltd (parent company of Jaypee Infratech) and their family members from transferring any personal assets or property without the courts permission in order…
At least 100 brides to be around the country are in the throes of a pre-nuptial frock emergency after luxury Perth bridal house Pallas went into voluntary administration. It was another dark day for Perth retail yesterday with 23-year-old WA streetwear chain Live Clothing also going into the hands of external administrators. Pallas, with salubrious…
New Delhi: The Union cabinet on Wednesday cleared an ordinance to bar wilful defaulters and businesses with dubious antecedents from bidding for stressed assets to prevent the misuse of the bankruptcy code enacted to clean bank balance sheets and resolve industrial sickness. Finance minister Arun Jaitley told reporters that the year-old insolvency & bankruptcy code…