Fraud liability in insolvency: UK and India

The advent of the Insolvency and Bankruptcy Code, 2016 (IBC), was a significant development to tackle the non-performing asset problem in India. Bad loans at public sector banks stood at INR2.67 trillion (USD30.4 billion) with a gross non-performing asset ratio of 5.43% at the end of March 2015. It is in these circumstances that India’s…

Two Chinese Medical-Device Makers Declare Bankruptcy After Winning Bulk-Buying Bids

Two Chinese medical device firms have declared bankruptcy after successfully winning bids in a government-led bulk-buying program, a first-of-its-kind event that spotlights the intense financial pain inflicted by the state’s cost-cutting measures. The Tianjin Medical Procurement Center announced recently that two companies selected in an inter-provincial alliance for orthopedic trauma products, Changzhou Dzhang Medical Device…

No Cookies | The Advertiser

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

No Cookies | The Courier Mail

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…