Insolvency practice hires new director – will lead development of bankruptcy advice services Insider Media Ltd Read the original article here
The Mumbai Bench of the National Company Law Tribunal (NCLT) admitted a Section 10 application filed by NAC Advertising India Private Limited and initiated the Corporate Insolvency Resolution Process (CIRP) against it, after finding that the company’s financial default was clearly established and above the threshold under Section 4(1) of the Insolvency and Bankruptcy Code,…
The number of people in Ukraine who decide to declare themselves bankrupt is growing. This was reported by UNN with reference to Opendatabot. Details According to the information of the Supreme Court, over the past 5 years, more than 2.9 thousand Ukrainians have become bankrupt. 577 Ukrainians have already filed for bankruptcy in the first…
The business also faced higher trading and compliance costs, before it entered arrears with the landlord. The first report was unable to detail what assets the business had available for creditors other than a vehicle worth $29,294.67 and property, plant and equipment not subject to securities worth $16,369. Customers at Auckland’s Dragonboat Restaurant were still…
The Delhi Police last week arrested an Uttar Pradesh Police constable for allegedly stealing motorcycles in the national capital to pay off his gambling debts. The accused has been identified as Mohseen, 27, who was stationed at the 44 BN PAC on the Hapur Road in Meerut. The Delhi Police nabbed him from the Preet…
The Delhi Police last week arrested an Uttar Pradesh Police constable for allegedly stealing motorcycles in the national capital to pay off his gambling debts. The accused has been identified as Mohseen, 27, who was stationed at the 44 BN PAC on the Hapur Road in Meerut. The Delhi Police nabbed him from the Preet…
NJ’s debt relief fund is drained NJ Spotlight News Read the original article here
According to Newscorp papers liquidators are scrutinizing a company run by the children of a collapsed truck repair group. Gold Coast business, Truck Repair Group (TRG) went into voluntary liquidation in December last year (see original Paint & Panel article here) owing money to a host of suppliers and contractors. Scott Hunter was director of…
According to Newscorp papers liquidators are scrutinizing a company run by the children of a collapsed truck repair group. Gold Coast business, Truck Repair Group (TRG) went into voluntary liquidation in December last year (see original Paint & Panel article here) owing money to a host of suppliers and contractors. Scott Hunter was director of…
China South City Holdings Ltd, the largest Chinese property developer by assets to face court-ordered liquidation since China Evergrande Group, has been ordered to wind up by Hong Kong’s High Court, dealing another blow to already fragile investor confidence in the country’s real estate sector. Bloomberg reported that the ruling from Judge Linda Chan came…