Brian Cummins, who had connections to Young, is appealing the severity of his five-year sentence for money-laundering Brian Cummins, Balgaddy Road, Tuam, Co Galway pleaded guilty on the date his trial was due to get underway to money laundering contrary to S7(1)(b) and 7(3) (b) of the Criminal Justice (Money Laundering and Terrorist Financing) Act…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
Earlier in April, as many as 25 companies shared their interest in acquiring Jaiprakash Associates Ltd ( JAL ). Apart from this, earlier this month, lenders of JAL extended the deadline for submission of resolution plans to June 24 following the request of prospective bidders. Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench has held that when a successful resolution applicant fails to obtain necessary approvals within one year from the date of approval of the resolution plan, liquidation of the corporate debtor can be initiated. A Successful Resolution Applicant (SRA), the appellant, Taguda Pte Ltd.has filed a…
Rex Says Extension Of Voluntary Administration TradingView Read the original article here
Wednesday June 25, 2025By Mohamed Sh Omar Ibrahim Image source Somalia has reached a historic milestone. On December 13, 2023, the International Monetary Fund (IMF) and the World Bank confirmed Somalia hit the Heavily Indebted Poor Countries (HIPC) completion point, reducing external debt from 64 percent of GDP in 2018 to under 6 percent by…
SEATTLE – The city of Cle Elum, Washington, filed for bankruptcy Tuesday after failing to reach a deal with a developer over a $26 million debt stemming from a legal dispute over a long-delayed housing project. In a declaration with the U.S. Bankruptcy Court for the Eastern District of Washington, Cle Elum Mayor Matthew Lundh…
The recent decision by the full bench of the Gauteng Division of the High Court in Ellison v Breytenbach N.O and Another (A278/2022) [2025] ZAGPPHC 565 (5 June 2025) sheds light on how South African courts handle the recognition of foreign insolvency judgments. The appellant was declared bankrupt in the UK in 2000 (UK bankruptcy…
The National Company Law Appellate Tribunal (NCLAT) has set aside a status quo order issued by the Adjudicating Authority, allowing the shareholders and directors of Transmissions International India Private Limited (TIIPL) to proceed with the replacement of the erstwhile liquidator, Chandra Prakash Chandra Prakash Jain, with a new appointee, Arun Gupta. The appeal was filed…
Roberts Co Tycoon Andrew Roberts has proposed a deal for his collapsed building empire that will see him tip in about $20m to pay staff, but some tradies and larger creditors are likely to be short-changed in the fallout from the construction company’s insolvency. The son of Multiplex founder John Roberts will exit his costly…