A Sydney accountant linked to some of the country’s most notorious tax fraudsters has avoided millions of dollars in tax debt and unpaid loans by declaring herself bankrupt. Filomina Kyriacou, one of the co-founders of accountancy firm Wentworth Williams, went bankrupt last week as Commonwealth Bank pursued her for $900,000 and the Australian Taxation Office…
The liquidator is required by section 36(2) to hold the liquidation estate for the benefit of the creditors The New Delhi bench of the National Company Law Appellate Tribunal (NCLAT) has ruled that, in accordance with Section 36 of the Insolvency and Bankruptcy Code, 2016 (Code), all assets shown on the corporate debtor’s balance sheet…
Jervois Global Enters Voluntary Administration with KPMG at Helm TipRanks Read the original article here
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26 Firms Eye JP Associates Construction World Read the original article here
News One of Canberra’s last fully bulk-billed clinics has entered voluntary administration after struggling to cover costs and attract enough GPs. The Interchange Health Co-operative clinic in Canberra was placed into voluntary administration this week after experiencing ‘intense pressure’. Another general practice has been forced to shut its doors…
Byju’s founder Byju Raveendran has filed an FIR against former RP Pankaj Srivastava, EY employees, and Glas Trust in the company’s insolvency proceedings. (File photo) Byju’s founder Byju Raveendran has filed a first information report (FIR) naming former resolution professional Pankaj Srivastava, employees of EY, and representatives of Glas Trust, accusing them of “criminal conspiracy”…
UK bill aims to speed debt restructuring for poor countries Reuters Read the original article here
Clients of a controversial online “brand building” company which shut last week were told to pay up by March 31 – the day its founder announced its liquidation. FBA Brand Builder founder Darren Campbell announced via social media last week the company would be no more, blaming a fall in revenue caused by negative coverage…
The tribunal held that no liability can be fastened on the corporate debtor for default committed during Section 10A period. The adjudicating authority has, therefore, not committed any error in holding the Section 9 application as non-maintainable The Adjudicating Authority cannot suo moto change the date of default specified in the insolvency application unless an…