Former co-owner of Sovetsky bank loses application against Tatfondbank ex-chair – RAPSI

11:26 20/06/2019 MOSCOW, June 20 (RAPSI) The Commercial Court of St. Petersburg and Leningrad Region has dismissed a claim for vicarious liability filed by a former co-owner of Sovetsky bank against the banks ex-board chair Robert Musin and two other top managers of the financial organization, according to court records. Vladimir Mitrushin has also asked…

Operational creditors at par with lenders on haircuts under IBC, says Icra – Livemint

Mumbai: Credit rating agency Icra estimates that haircuts for operational are not materially different than the haircuts taken by the financial creditors for cases under the Insolvency and Bankruptcy Code (IBC). This analysis is based on the data for 92 corporate insolvency resolution plans (CIRPs) that have yielded a resolution plan up to 31 March,…

Customers furious as travel agent claims it collapsed but is still registered to trade – SmartCompany.com.au

Furious holidaymakers are calling on regulators to investigate after their Melbourne travel agent shuttered its shop earlier this month and stopped returning phone calls. Bentleigh East based One World Travel suddenly newspapered its windows some weeks ago and posted a notice claiming to have appointed administrators. Its website was taken down, listed contact numbers disconnected…

Levievs son owns a $3 million home but faces bankruptcy for $195,000 debt – Haaretz

A son of Russian-Israeli businessman Lev Leviev may be declared bankrupt after ignoring requests to pay back some 700,000 shekels ($195,000) in debt, and the court-appointed trustee overseeing his assets is seeking to sell his 10.5 million-shekel home. … Read the full article at: https://www.haaretz.com/israel-news/business/.premium-leviev-s-son-owns-a-3-million-home-but-faces-bankruptcy-for-195-000-debt-1.7395351

Optus partner enters liquidation owing $500K to creditors – ARNnet

Sydney-based Optus services provider Anderson IT has entered into voluntary liquidation with more than $500,000 owed to creditors. The 10-year-old company, which ran an Optus Business Centre in North Sydney, appointed liquidator Graeme Beattie of Worrells, on 3 June facing more than $1.1 million in total financial liabilities. Subsequent liquidation proceedings revealed the insolvent company…