NEW DELHI: The Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) has issued a public advisory after 129 real estate projects belonging to 14 developers were admitted into the Corporate Insolvency Resolution Process (CIRP) before the National Company Law Tribunal (NCLT) between January 2024 and now. With insolvency proceedings underway, UP-RERA has asked affected homebuyers to…
New Delhi Dec 4 (KNN) The Parliamentary Standing Committee on Finance has noted that the Insolvency and Bankruptcy Code (IBC) has played a significant role in strengthening India’s business environment. However, it also warned that persistent systemic challenges continue to hinder the Code’s overall effectiveness. In its report titled ‘Review of Working of IBC and…
Cult brand Govecs Group joins graveyard of insolvent German mobility companies Bike Europe Read the original article here
A builder who stole almost £85,000 in plant machinery and used company funds to pay for his high-performance car will go to jail if he does not repay more than £190,000 in the next three months. Vasile Hrusca used more than £67,000 from his own failing company in 2019 to pay off the remaining balance on…
The Riga City Council’s Finance and Administration Affairs Committee will on Thursday decide on terminating the operations of SIA Rīgas karte, the municipality reports. The committee will vote on granting SIA Rīgas satiksme permission to purchase the 49% of company shares owned by Rīgas karte’s co-owner for a symbolic amount — one euro — as…
CHURCHES and Christian organisations are crucial supporters of families struggling with debt and poverty, a Christians Against Poverty (CAP) report published on Thursday suggests. Almost one quarter of the 2000 adults surveyed for the report, Beyond Belief: The local church and poverty, said that they or a family member had received help from these groups…
DyeCoo, based in Hoofddorp and known for its sustainable textile dyes, has gone out of business. The company received millions from IKEA and Nike, among others, but had been suffering losses for years. DyeCoo Textile Systems was founded in 2008 by researchers from Delft. They devised a way to dye polyester using CO₂ instead of…
The restructuring of Arctic International was discontinued due to serious deficiencies in the company’s accounting records. Open image viewer The company’s former CEO, Janne Naapanki has been convicted of aggravated tax fraud and accounting offences. File photo. Image: Janne Järvinen / Yle Finnish berry company Arctic International has been declared bankrupt following the discontinuation of…
The FSCS has opened a probe into a Facebook-advertising ‘socially conscious’ alternative investment firm which has now gone into liquidation. ESE Capital Limited (FRN 469499) was placed into Creditors’ Voluntary Liquidation by its directors on Monday 1 December after receiving advice from insolvency experts, the FCA said in a regulatory notice this week. London-based ESE advertised on…
Why millions are turning to their local church for support The Independent Read the original article here