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Daily Archives: December 24, 2017

NCLTs get over 4k insolvency petitions since inception: RBI – Daily Pioneer

LiquidationBy Insolvency GuardianDecember 24, 2017

Since the National Company Law Tribunal (NCLT) was set up 18 months ago, over 4,300 cases have been filed at its various benches for resolution process, according to the Reserve Bank data. The insolvency and bankruptcy code came into existence with the enactment of the Insolvency and Bankruptcy Code (IBC) in May 2016, replacing the…

Deep rooted in Andhra, gambling pushing city youths into debt trap – Times of India

GamblingBy Insolvency GuardianDecember 24, 2017

Vijayawada: Gambling is spreading fast in the city, and also in the state. Although there are historic references that gambling was part of the culture in this region, it has taken a new and criminal form, aided by technology. Cricket betting, card games, and cockfights continue in Vijayawada despite a crackdown by the police on…

NCLT gets 4300 insolvency petitions since inception in May 2016 – Economic Times

LiquidationBy Insolvency GuardianDecember 24, 2017

MUMBAI: Since the National Company Law Tribunal (NCLT) was set up 18 months ago, over 4,300 cases have been filed at its various benches for resolution process, according to the Reserve Bank data. The insolvency and bankruptcy code came into existence with the enactment of the Insolvency and Bankruptcy Code (IBC) in May 2016, replacing…

Initiative to help treat debt-ridden patients – Khaleej Times

Debt HelpBy Insolvency GuardianDecember 24, 2017

The Dh400,000 has been disbursed from Amaf’s health endowment that allocated Dh1.35 million for patient support The Awqaf and Minors Affairs Foundation (Amaf) has contributed Dh400,000 to the Dubai Health Authority (DHA) for paying out the outstanding dues of indigent patients. The kind gesture is part of the Shifaa initiative that aims to…

NCLTs get 4300 insolvency petitions since inception in May 2016 – Economic Times

LiquidationBy Insolvency GuardianDecember 24, 2017

MUMBAI: Since the National Company Law Tribunal (NCLT) was set up 18 months ago, over 4,300 cases have been filed at its various benches for resolution process, according to the Reserve Bank data. The insolvency and bankruptcy code came into existence with the enactment of the Insolvency and Bankruptcy Code (IBC) in May 2016, replacing…

NCLT gets 4300 insolvency petitions in 18 months – Hindu Business Line

BankruptcyBy Insolvency GuardianDecember 24, 2017

The tribunal was was setup in May 2016 Mumbai, Dec 24:   Since the National Company Law Tribunal (NCLT) was set up 18 months ago, over 4,300 cases have been filed at its various benches for resolution process, according to the Reserve Bank data. The insolvency and bankruptcy code came into existence with the enactment of…

Vietnam aims to boost tourism – Inquirer.net

RestructuringBy Insolvency GuardianDecember 24, 2017

Tourists visit M Sn Sanctuary UNESCOs World Culture Heritage Site in central Qung Nam Province. VNA/VNS Photo Minh c/Asia News Network HANOI Vietnam wants to make tourism a key economic sector by 2020 that creates a driving force for the development of other sectors. The country expects to attract 17-20 million foreign visitors and 82…

Griffin Coal Mine No Longer A Subsidiary Of Lanco – BloombergQuint

LiquidationBy Insolvency GuardianDecember 24, 2017

Lanco Infratech, through its Australian subsidiary, acquired Griffin Coal Mining Company and Carpenter Mine Management for A$740 million in March 2011. Though the transfer of shares was to have legal title on the shares to the lenders, the beneficial interest continued to be with with the company, as part of “perfection” of security under the…

Vietnam aims to boost tourism – Inquirer.net

RestructuringBy Insolvency GuardianDecember 24, 2017

Tourists visit M Sn Sanctuary UNESCOs World Culture Heritage Site in central Qung Nam Province. VNA/VNS Photo Minh c/Asia News Network HANOI Vietnam wants to make tourism a key economic sector by 2020 that creates a driving force for the development of other sectors. The country expects to attract 17-20 million foreign visitors and 82…

NCLTs get 4300 insolvency petitions since inception in May – The New Indian Express

LiquidationBy Insolvency GuardianDecember 24, 2017

2016 Mumbai, Dec 24 (PTI) Since the National Company Law Tribunal (NCLT) was set up 18 months ago, over 4,300 cases have been filed at its various benches for resolution process, according to the Reserve Bank data. The insolvency and bankruptcy code came into existence with the enactment of the Insolvency and Bankruptcy Code (IBC)…

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