In a big relief to Reliance Group Chairman Anil Ambani, the Delhi High Court on Thursday stayed Insolvency & Bankruptcy Code (IBC) proceedings against the tycoon in a matter pertaining to a personal guarantee given by him against a loan taken from State Bank of India (SBI) by Reliance Communications Ltd (RCom) and Reliance Infratel…
After the murder of insolvency administrator Mrti Bunkus, two of his safes in SEB Bank and ABLV Bank were emptied, Ir magazine reports with reference to sources. Both of the safes in question were registered on the name of Bunkus grandmother, but her grandson was the one who used them. In ABLV Bank Bunkus used…
An Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission…