First port to be declared insolvent, Dighi port allegedly owed Rs 1,600 crore to banks, Rs 13 crore to Maritime Board and another Rs 16 crore to DBM Geotechnics. Fourteen companies have lined up to take over the troubled Dighi Port, whose case of bankruptcy is being heard by the National Company Law Tribunal. Earlier…
UP to 60 investorswho were given personal guarantees by property developer and former Irish rugby team manager Pat Whelan over a failed multi million euro property investment scheme are to receive a tiny fraction of their money back as part of a insolvency arrangement. It is estimated that each of the investors,includingformer Ireland and Munster…
EGGHEADS star CJ de Mooi has declared himself bankrupt following an extradition battle with murder cops in Holland. The former BBC quiz master filed his bankruptcy paperwork with Reading Insolvency Service on September 26. BBC CJ de Mooi has been declared bankrupt Its believed he racked up a fortune in legal bills fighting extradition to…
The U.S. Mega Millions lottery is holding a drawing on Oct. 19 for a jackpot thats swelled to US$1 billion after the 24 drawings held since the end of July failed to yield a winner. This princely sum is drawing such attention that more people are buying tickets, and even the lotterys own projections are…
The Centre for Transnational Commercial Law (CTCL) at National Law University, Delhi (NLUD), in association with the Insolvency and Bankruptcy Board of India (IBBI), INSOL India and Society of Insolvency Professionals of India (SIPI), is organising a Corporate Insolvency Law Practicum at NLU Delhi on the 14th and 15th of November this year. The event…
Article 0 Comments Copenhagen-based Qudos Insurance will cease underwriting new business with immediate effect, pending a restructuring of the business, announced parent company New Nordic Advisors. New Nordic said it aims to re-launch the underwriting platform following a comprehensive audit. The restructuring project will continue in conjunction with leading legacy specialists. The insurance market, particularly…
A man has been jailed for more than three years after he turned to heroin dealing because of a massive gambling debt. (stock image) William Bannon ran up the debt last year playing poker and found himself owing cash to drug dealers. His lawyer said that led to him being threatened with violence before allowing…