The 14-member Insolvency Law Reforms Committee, which was established in December, 2017 has come out with a 106-page report recommending amendments to the Insolvency and Bankruptcy Code, 2016 (IBC). The Committee was chaired by Ministry of Corporate Affairs (MCA) Chairman, Injeti Srinivas with members from the legal fraternity as well, including Shardul Shroff of Shardul Amarchand…
Films are screening more often on streaming services, digital channels and pay TV. But with fewer art-house films getting cinema release, Nashen Moodley believes festivals are becoming a more important forum for non-mainstream work. “A really inspiring film about sexuality and acceptance”: Chloe Grace Moretz in The Miseducation of Cameron Post. Photo: Supplied “Although there’s a proliferation…
New Delhi: Are the Narendra Modi governments attempts at cleaning up Indias bad loans crisis specifically the new bankruptcy law for the resolution of unpaid bank loans by companies being gamed by promoters who might be using these new mechanisms to escape their repayment obligations? Consider the case of Educomp Solutions (ESL), which was once…
NEW YORK, April 3, 2018 /PRNewswire/ — The Better Business Bureau (BBB) has officially recognized Guardian Debt Relief as an accredited debt relief provider. Coupled with an A+ rating, this achievement marks another step in Guardian’s quest to become the leading provider of debt relief services nationwide. In addition to the BBB, Guardian Debt Relief’s…
News Jessica Fino 3 Apr 2018 12:16pm PwC said it would be vigorously defending itself from a $3bn (£2.1bn) lawsuit filed by the Ukrainian bank Privatbank … Read the full article at: https://economia.icaew.com/en/news/april-2018/pwc-to-fight-privatbank-3bn-lawsuit
BELGRADE (Serbia), April 3 (SeeNews) – Serbia’s government plans to sign a contract for the sale of insolvent tractor manufacturer Industrija Masina i Traktora (IMT) to Indian company Tafe for 66.8 million dinars ($697,000/565,000 euro), Serbian prime minister Ana Brnabic has said. The contract will be signed in the coming three days and the acquisition of…
HYDERABAD:The National Company Law Tribunal (NCLT) at Hyderabad has initiated corporate insolvency resolution process (CIRP) against city-based hospitality player Viceroy Hotels Limited and appointed KK Rao as interim resolution professional (IRP) for the purpose. This was in response to a petition filed by asset reconstruction player Asset Reconstruction Company (India) Ltd (ARCIL) against the Prabhakar…