Kartik Bhatnagar The recent Insolvency and Bankruptcy Board of India (IBBI) circular allows restitution of corporate debtor’s assets attached by the Directorate of Enforcement (ED) through an application. Kartik Bhatnagar, a lawyer and insolvency professional, has more than a decade of experience and took part in the Jet Airways insolvency case in the Supreme Court.…
Bid to have Brittany Higgins declared bankrupt stalls MSN Read the original article here
Treasurer Eric Abetz has continued to defend the TT-Line board’s claim of solvency, citing their independent advice and the government’s guarantee that the critical infrastructure company, which operates the Spirit of Tasmania vessels, won’t fail. Picture: file. Read the original article here
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by Industrial and Commercial Bank of China (ICBC) and upheld the order of the National Company Law Tribunal (NCLT), Mumbai Bench, directing the bank to release a fixed deposit of ₹27.60 crore belonging to Reliance Communication Infrastructure Ltd. (RCIL).…
An investor and alleged creditor in Ecsponent, the financially distressed, previously JSE-listed specialist financial services company now named Afristrat Investment Holdings, has thrown a spanner in the works of the company’s planned voluntary liquidation. Pretoria pensioner Mariana de Bruin has applied to intervene and become a respondent in Afristrat’s voluntary liquidation application, resulting in the…
Minister of Finance Enoch Godongwana and National Treasury now support the proposal by Minister of Electricity and Energy Kgosientsho Ramokgopa and Eskom that the latter temporarily take over electricity supply in struggling municipalities in order to curb their growing debt to the power utility. This is despite questionable results in the two municipalities where the so-called Distribution Agency…
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Creditors owed over $26m in Melb-based packaging giant bust Herald Sun Read the original article here
JONESBORO, Ark. (KAIT/Edited News Release) – With the holiday shopping season here, Arvest Bank is offering tips to help shoppers maximize their budgets. According to a recent NerdWallet survey, holiday shoppers plan to spend an average of $1,107 for presents this season, and 74% said they plan to use credit cards for at least part…