Narayan Rane Mumbai: The state industry department has announced a special amnesty scheme for industrial units that have shut down and cannot be revived. The new scheme will be applicable for the period of the new industrial policy 2019.The scheme, which is an attempt to restart the unit, is for industries that have availed of…
The developers behind Kingdoms of Amalur are only getting a tiny amount of what theyre owed. Rhode Island developers 38 Studios went bankrupt after making just one game: Kingdoms of Amalur: Reckoning. The game was an action RPG set in a high fantasy world from the minds of R. A. Salvatore and Todd McFarlane, and…
Investment bank PJT Partners Inc. has hired the formerU.S.head of restructuring athedge fundAnchorage Capital Group as a partner, said people familiar with the matter. Charles Tauber, 50 years old, had a major role in the New York hedge funds investments in distressed companies including the Hollywood movie studio MGM Holdings Inc., PG&E Corp. and J.Crew…
The government is considering objective and transparent guidelines for committee of creditors (CoC) mainly banks and financial institutions — signing off on resolution plans under Indias bankruptcy code, after some excessive haircuts agreed to by such CoCs were questioned by the National Company Law Tribunal and even a parliamentary panel, two people familiar with the…
A RISING number of bosses have decided to close their businesses after spending well over a year trying to survive the pandemic, an insolvency expert says. Corporate insolvencies fell slightly in July compared with the previous month, but year-on-year figures were up substantially for the third month in a row. Southampton-based Mike Pavitt, immediate past…
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Interim resolution professionals (IRPs) and resolution professionals (RPs) have now got the formal recognition of income tax authorities for dealing with the tax matters of the corporates that are undergoing Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code (IBC). The Central Board of Direct Taxes (CBDT) in the Finance Ministry has made…
Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West. Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen. R3 said the month-on-month fall in corporate insolvencies was a result…
Dominic Gibbs has deined being involved with Diamond Live Lounge when it closed and says he has been helping people to get their money back. A number of people say they are still awaiting refunds up to as much as 500 after the venue closed its doors while the former owner of the Wood Street…
(ANSA) – MILAN, AUG 23 – A 50-year-old pharmaceuticals manager accused of drugging and raping a 21-year-old female student in his luxury Milan flat last May has now been placed under investigation for suspected fraudulent bankruptcy, sources said Monday. Antonio Di Fazio has been in prison custody since May Five young women who say they…