Casino Eyes 43% Debt Haircut, Seeks New Funds From Shareholder – Bloomberg.com
Casino Eyes 43% Debt Haircut, Seeks New Funds From Shareholder Bloomberg.com Read the original article here
Insolvency Proceedings Can’t Be Abused To Evade Family Court’s Maintenance Order: Bombay High Court
The Bombay High Court has held that proceedings under the Presidency-Towns Insolvency Act, 1909, cannot be invoked as a mechanism to frustrate or indirectly obtain a stay of a Family Court’s maintenance order. The Court observed that insolvency relief cannot be granted to undermine a subsisting maintenance order, and clarified that insolvency proceedings cannot be…
Insolvency Proceedings Can’t Be Abused To Evade Family Court’s Maintenance Order: Bombay High Court
The Bombay High Court has held that proceedings under the Presidency-Towns Insolvency Act, 1909, cannot be invoked as a mechanism to frustrate or indirectly obtain a stay of a Family Court’s maintenance order. The Court observed that insolvency relief cannot be granted to undermine a subsisting maintenance order, and clarified that insolvency proceedings cannot be…
Madras HC stays order directing Vishal to repay loan with 30% interest to Lyca Productions
Senior counsel AK Sriram, appearing for Vishal, described the loan as Rs 15 crore and argued that repaying it with a 30 per cent interest was unlawful as the interest component alone exceeded Rs 40 crore. Contrary to Lyca’s claims, Vishal was not a wealthy individual, the counsel submitted. Read the original article here
US bankruptcy cases steadily increase – Courthouse News
US bankruptcy cases steadily increase Courthouse News Read the original article here
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South Africa’s G20 debt focus to be tested as U.S. takes the chair
World leaders pose for a ‘family photo’ during the G20 summit in Johannesburg. | Photo Credit: Reuters The G20’s leadership is heading away from the Global South just as debt problems in poorer countries threaten to flare again, testing whether the group’s ambitions on debt relief will translate into action under a United States presidency.…
South Africa's G20 debt focus to be tested as US takes the chair – Reuters
South Africa’s G20 debt focus to be tested as US takes the chair Reuters Read the original article here
Business Rescue Expert opens Manchester office
Darlington-headquartered restructuring and insolvency practice Business Rescue Expert has expanded into the North West with the launch of a new Manchester operation, appointing Kevin Pinkerton as managing director. Kevin joins after 23 years as a restructuring and insolvency lawyer, most recently serving as national head of the practice at Freeths. A qualified insolvency practitioner, he…
Yume Food enters liquidation amid financial strain
Yume Food Australia has entered liquidation and launched a sale of its business amid pressures on its operating capital. Founded in 2015, Yume Food operates a digital trading platform that enables food manufacturers to sell surplus products. The platform generates additional revenue for manufacturers by reducing food disposal, while also streamlining the process for donating…