A new Commonwealth documentary released today takes viewers inside Saint Lucia’s Ministry of Finance to show how better data, technology and transparency are changing the way the country manages its public debt. The film, ‘Managing Debt, Delivering Development’, follows the leaders and officials responsible for managing Saint Lucia’s debt and shows how the country has…
In a new circular, the IBBI has underlined the need for insolvency professionals to carry out due diligence to guard against misuse of the IBC framework. “The IBBI has received information from law enforcement and regulatory agencies that, in certain cases, the framework under the Insolvency and Bankruptcy Code, 2016 is being misused for purposes…
South Korea plans major debt relief for COVID-hit self-employed – CHOSUNBIZ Chosunbiz Read the original article here
A five-star rated North Yorkshire electrical installation company has gone into liquidation with reported debts approaching £200,000. ADS Electrical Services of Shire Bridge Business Park, York Road, Easingwold, entered liquidation on July 28. The company, which was incorporated in 2018, appointed GS Insolvency and Restructuring Ltd as liquidator. A report, known as a statement of…
Hollard to liquidate cannabis firm over R20m debt IOL Read the original article here
Could Saifuzzaman Chowdhury be declared bankrupt in the UK? The Business Standard Read the original article here
ASIC confirms investigation into collapsed Sphere Insurance Group Insurance Business Read the original article here
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Directors disqualified over £15m tax evasion plot involving mislabelled Chinese vapes The Scotsman Read the original article here
The Ahmedabad Bench of the National Company Law Tribunal (NCLT) on 19 August dismissed an insolvency petition filed by A.R. Company against Sadbhav Engineering Limited over unpaid dues arising from the supply of road and building construction materials. A Bench comprising Judicial Member Chitra Hankare and Technical Member Dr V.G. Venkata Chalapathy observed: “The claim…