The judgment came on an appeal by Ruchi Soyas suspended director Vijay Kumar Jain. (File/Reuters) The Supreme Court on Thursday held that the suspended board of directors of a company undergoing insolvency proceedings and its operational creditors must be given all the documents of a resolution plan (RP) as their say in the repayment of…
A UNIVERSITY admin worker has declared bankruptcy, almost six years after she told a group of students to leave an indigenous-only computer lab at the Queensland University of Technology. Cindy Prior became the subject of a nationwide debate around racial discrimination when she told a handful of QUT students to leave the lab in May…
Whisky sales in Korea have been on a continuous downturn over the past decade mainly due to changes in lifestyle of Koreans. The domestic sales of the spirit recorded some 1.49 million boxes (a box containing 500ml bottles) in 2018. Industry watchers attribute it to the reduced chances of get-togethers of company employees after the…
Weak consumer demand, pressure on household budgets and a range of economic uncertainties have all contributed to a ten per cent year-on-year rise in corporate insolvencies across the UK. New figures from the Insolvency Service have revealed that, excluding bulk insolvencies, 16,090 businesses entered insolvency in 2018, the highest recorded annual figure since 2014. And…
Pretoria High Court acting judge, Nante Diedericks handed down the judgement even though Daniel claimed that the business could be rescued. Diedericks gave interested parties until July 11 to show cause as to why the order should not be made final.During the period between the granting of a provisional and final order, notice of the…
Anil Ambani-led Reliance Communications (RCom), with a debt of 46,000 crore, has decided to file for insolvency proceedings at National Company Law Tribunal (NCLT) Mumbai to seek fast-track resolution. RCom had been unable to sell its spectrum and tower assets to Reliance Jio for 20,000 crore The board of directors of RCom today [Friday] reviewed…
A total of 126 people declared bankruptcy in Galway in the past five years, according to new figures from the Insolvency Service of Ireland. The figures show that between January 2014 and the end of 2018, there were a total of 126 bankruptcies here. A further 209 people came to insolvency arrangements with creditors during…
Australian makeup retailer Napoleon Perdis has fallen into voluntary administration, appointing administrators Simon Catho, Chris Cook and Ivan Glavas of Worrells Solvency Accountants. The retailers directors have been trying to sell the business for several months, but hope to do so through the administration process, or that the brand will be restructured. The brand is…
SAP restructuring to focus on cloud SAP CEO Bill McDermott (Image: SAP) German vendor follows suit as the big tech firms reorganise in transition to selling cloud software Print Print Pro … Read the full article at: https://www.techcentral.ie/sap-restructuring-to-focus-on-cloud/
This press release was orginally distributed by SBWire Lansdale, PA — (SBWIRE) — 01/31/2019 — Those who are facing a mountain of debt while still able to make payments are encouraged to contact the knowledgeable attorneys at Tadross Law. An attorney from this law firm will be more than happy to discuss the various benefits…