If youre struggling with problem debt and dont know what to do, the Insolvency Service of Ireland can help get you back on track. The independent government organisation has a range of solutions, depending on your level of debt. When you contact them they will put you in touch with a debt advisor either a…
The Company informs that the Ninth (9) Meeting of Committee of Creditors of Ricoh India Limited under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 was held yesterday i.e Wednesday, 9th January 2019. This is a Post Facto intimation of the Committee of Creditors Meeting.…
Prachi Singh | Thursday, 10 January 2019 Spanish luxury brand Delpozo, part of the perfumes group Perfumes y Diseo, has terminated 20 employees as a part of its restructuring process. The company initiated several measures last year including moving a part of its production to Italy and appointment of German designer Lutz Huelle as the…
Can you proceed against the Corporate Guarantor before proceeding against the Corporate Debtor? NCLAT answers in this Judgment Aditi Singh January 10 2019 An NCLAT Bench comprising Chairperson Justice SJ Mukhopadhyaya, Member (Judicial) Justice A.I.S. Cheema and Member (Technical) Balvinder Singhhas held that Corporate Insolvency Resolution Process (CIRP) can be triggered against the corporate guarantor…
10:50 10/01/2019 MOSCOW, January 10 (RAPSI) The Moscow Commercial Court has extended for six months bankruptcy proceedings against a former co-owner of Vneshprombank Georgy Bedzhamov charged with embezzlement, according to court records. As of today, asset disposal has not been completed, and settlements have not been performed with creditors, the debtors financial manager Lyubov Kireyeva…
Martin Building Services, liquidation ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and owner Denis Martin. James Shaw, a partner of Shaw Gidley…
Coronation Street star Michael Le Vell has been discharged from bankruptcy, according to official records. The actor, who has played mechanic Kevin Webster in the soap since 1983, was declared bankrupt in January last year under his birth nameMichael Robert Turner. An official record on theIndividual Insolvency Register reveals the 54-year-old was released from bankruptcy…
The inspiration for Cleaning Up (ITV), a gritty new British drama, came from a sleek old American movie. Writer Mark Marlow was watching Oliver Stones 1987 classic Wall Street when he was snagged by the scene in which Charlie Sheens character has been given the task of finding some inside information for Gordon Gekko. Seeing…
Harish Puppala | Rakesh Sharma Moneycontrol Contributor 2018 was a difficult year for banks – their reputations suffered massively after it came to light that most of them had large NPAs, sins they committed knowingly. One year prior, in 2017-18, the gross NPA ratio of all scheduled commercial banks reached 11.2percent of the gross advances,…
SUMMIT, N.J.–(BUSINESS WIRE)–Celgene Corporation (NASDAQ: CELG) today provides a business update, including confirmation that the company achieved its guidance for full-year 2018; its financial guidance for 2019; and reaffirmation of its expected 2020 financial targets. Based on a preliminary review of its results for the fourth-quarter ended December 31, 2018, Celgene achieved guidance for the…