Coimbatore: The continuing increase in the number of cases and lengthy duration of resolution is turning out to be the primary sources of concern in the corporate insolvency resolution process (CIRP) under IBC (Insolvency and Bankruptcy Code). The number of cases admitted to the National Company Law Tribunal (NCLT) under CIRP stood at 264 in…
Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco on Monday. “Overall, we estimate that up to 9,000 Tesco colleague roles could be impacted, however, our expectation is that up to half of these colleagues could be redeployed to other customer-facing roles,” the supermarket…
RCMP File photo The RCMP have laid charges against a separated couple who allegedly declared that their snow removal business, Ottawa Diamond Construction Inc., was bankrupt even though the business appeared to remain solvent. According to federal police officers, the pair, who are now divorced, declared the business bankrupt in 2015. They are alleged to…
17:16 28/01/2019 MOSCOW, January 28 (RAPSI) – The Commercial Court of Tatarstan has extended bankruptcy proceedings against VIM Airlines for six months, RAPSI has learnt in the court. The republican commercial court has scheduled hearing of a bankruptcy receivers report on the results of the bankruptcy procedure for July 19. On September 26, the court…
A gambling problem has driven an elderly Annapolis County couple into bankruptcy for a fifth time, says a Nova Scotia Supreme Court registrar. Gloria May Donaldson, 65, and Wayne Albert Ray Donaldson, 73, first filed for bankruptcy 40 years ago. The Deep Brook couple claimed overextension of credit and significant home renovations as the reason…
The number of people going financially insolvent is predicted to have jumped to levels not seen for at least six years in official figures released on Tuesday. The Insolvency Service is due to release figures showing how many bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs) took place in the fourth quarter of…
The RCMP have laid charges against a separated couple who allegedly declared that their snow removal business, Ottawa Diamond Construction Inc., was bankrupt even though the business appeared to remain solvent. According to federal police officers, the pair, who are now divorced, declared the business bankrupt in 2015. They are alleged to have removed as…
The number of people going financially insolvent is predicted to have jumped to levels not seen for at least six years in official figures released on Tuesday. The Insolvency Service is due to release figures showing how many bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs) took place in the fourth quarter of…
With the reference to the above captioned subject, we hereby inform you that 15th meeting of the Committee of Creditors (CoC) will be held on February 02, 2019 at 11:30 am, at the State Bank of India, Stressed Assets Management Branch-II, Raheja Chambers, 1st Floor, B Wing, Free Press Journal Marg, Nariman Point, Mumbai- 400021.…
Dear Sir/ Madam, Sub: Notice of Seventh Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…