A bankruptcy court in Mumbai has allowed an extension of 90 days for the revival of Lavasa Corporation in an application filed by its resolution professional (RP). The planned city project is undergoing a fresh Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal directed to restart the whole process after the successful…
D-Day for Star administration decision The Australian Read the original article here
#SHOWBIZ: HK actor Vinci Wong declared bankrupt after allegedly owing RM1.6 million New Straits Times Read the original article here
A Nottinghamshire construction boss who fraudulently removed more than £700,000 from four failing companies and transferred the money to his casino account has been jailed. Wesley Grainger-Smith, 66, was sentenced to two years and four months in prison at Lincoln Crown Court on Friday 28 February. Grainger-Smith, of Gainsborough Road, Winthorpe, had previously pleaded guilty…
Integrated steel mill Liberty Galati in Romania (formerly Sidex), with a liquid steel capacity of 3 million tonnes, part of steel group Liberty, announced on March 4 that it entered the pre-insolvency procedure “to stabilise the business, optimizing the allocation of resources and opening up new investment opportunities.” The measure is taken in the context…
Honortech Faces Insolvency Battle as AdGlobal360 Fights for Unpaid Dues BW Legal World Read the original article here
Former pals left struggling by a Surrey property developer’s bankruptcy were furious when footage emerged of him gambling in Las Vegas while their bills remained unpaid. Thomas Alexander Ross, 44, racked up debts into the tens of millions. Most creditors were paid nothing when bankruptcy trustees published their final report in August 2024, as the…
Dad gives up hope on his ‘little girl’, disowns her as gambling habit worsens New Straits Times Read the original article here
Deloitte says the objective is for Brindabella Christian College to emerge from administration on a sustainable financial footing. Photo: Michelle Kroll. Brindabella Christian College has gone into voluntary administration as it faces battles on a number of fronts, including the Tax Office pursuing an $8 million debt. Deloitte advised parents and carers in a letter…
The troubled Brindabella Christian College has entered voluntary administration in the latest instalment of the Canberra private school’s long-running financial struggles. Parents and carers received a letter from Deloitte administrators on Wednesday informing them of their appointment. “We understand this may cause some concern, but we want to assure you that our key focus will…