Former Premier League Striker Carlton Cole Declared Bankrupt by London’s High Court – 90min

Former Premier League striker Carlton Cole has been declared bankrupt following his retirement from competitive football in March of this year.  As reported by The Sun, the now 34-year-old was given the verdict by London’s High Court on June 27th, despite earning a reported £30,000-a-week at the height of his playing career, although now hopes his recent plight…

How NCLT order makes liquidation easy – Economic Times

Mumbai: Indias dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings by setting aside property attachment claims of state-run utilities or operational creditors that have not been paid their dues by bankrupt private-sector borrowers. The National Company Law Tribunals (NCLT) Allahabad bench said that district authorities cant prevent the sale…