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Daily Archives: January 9, 2021

Insolvent council seeks to raise £4m from ANPRs on green road scheme – Telegraph.co.uk

BankruptcyBy Insolvency GuardianJanuary 9, 2021

An insolvent council has been accused of filling its empty coffers by closing roads to fine motorists millions of pounds, despite residents insisting they do not want to be part of Grant Shappss green transport revolution. Campaigners claim Croydon Council is being undemocratic by forcing through a Low Traffic Neighbourhood (LTN) scheme, where streets are…

5 Bankrupt Restaurant Chains Making a Comeback in 2021 – Eat This, Not That

BankruptcyBy Insolvency GuardianJanuary 9, 2021

The pandemic has taken a major toll on the restaurant industry, leading many popular restaurant chains to file for Chapter 11 bankruptcy protection over the course of the year. And while for a few this spells the end of the road, some are exiting bankruptcy with restructured finances and gunning for a fresh start. Although…

SEBI Grants Certain Exemption To Aifs On Investment Committee Framework – BW Businessworld

LiquidationBy Insolvency GuardianJanuary 9, 2021

Capital markets regulator Sebi on Friday provided certain exemptions to alternative investment funds (AIFs) with regard to an investment committee framework. The exemption in AIF rule is conditional upon a capital commitment of at least Rs 70 crore from each investor accompanied by a suitable waiver, Sebi said in a notification. So far, manager was…

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