Hong Kong actor Vinci Wong Yin-chi, who filed for bankruptcy last year, was officially declared bankrupt by the High Court on Tuesday without opposition. Wong was sought by financial company Ego Finance for about HK$2.93 million in debt last December, the same month he filed for bankruptcy. During last month’s hearing, an Ego Finance…
BILLS General Counsels’ Association of India gives major recommendations for Draft Advocates (Amendment) Bill, 2025 In the run-up to the decision to amend the Advocates Act, 1961, whereby the Government of India released draft Advocates (Amendment) Bill, 2025, for public consultation; the General Counsels’ Association of India (GCAI), in its letter dated 23-2-2025 to the…
The sales conducted by the IRP Liquidator on behalf of the liquidating company constitutes the provisions of “Supply” under the CGST Act, 2017 In a notable ruling, the West Bengal Authority for Advance Ruling (AAR) has declared that an Insolvency Resolution Professional (IRP) or liquidator appointed by the NCLT is required to obtain GST registration…
Vinci Wong Yin-chi, actor and former chairman of Hong Kong’s oldest and largest charity, has been declared bankrupt. The 54-year-old filed for bankruptcy in December last year, just a day after a credit company sued him for allegedly defaulting on an unsecured loan of HK$2.8 million (US$360,046). High Court Master Jack Wong Kin-tong made the…
Vinci Wong Yin-chi, actor and former chairman of Hong Kong’s oldest and largest charity, has been declared bankrupt. The 54-year-old filed for bankruptcy in December last year, just a day after a credit company sued him for allegedly defaulting on an unsecured loan of HK$2.8 million (US$360,046). High Court Master Jack Wong Kin-tong made the…
The acquisition is expected to strengthen Jindal Power’s portfolio, which already includes a robust thermal power generation capacity exceeding 4.6 gigawatts. Jindal Power, part of the Naveen Jindal-led conglomerate, has successfully bid, estimated to be around Rs 500 crore, for Gujarat-based Bhadreshwar Vidyut, a thermal power producer currently undergoing insolvency proceedings. The company’s resolution professional,…
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Ecsponent, the financially distressed previously JSE-listed company now named Afristrat Investment Holdings, has paid the former client that launched a high court application to liquidate the company in an attempt to get paid the R433 000 owing to it for services provided. The settlement agreement will possibly result in Afristrat relaunching its high court application…
Financial planner roll-up AZ Next Generation Advisory (AZ NGA) is positioned to execute its ambitious growth strategy after sealing a new debt deal. Global investment giant Barings acted as joint lead arranger on a $345 million senior secured credit facility to support the accounting and financial advice business in a deal that closed last week.…