Ordinance to change insolvency and bankruptcy laws cleared, focuses on stressed assets – Hindustan Times

The Cabinet on Wednesday approved changes to the Insolvency and Bankruptcy Code (IBC), and sent it to the President for his approval. Once approved, the ordinance will be placed before Parliament in the winter session. Finance minister Arun Jaitley did not divulge details about the changes being made to the code, since the Presidents approval…

Insolvency code being changed, wilful defaulters can’t bid for stressed assets – The Indian Express

Written by Sunny Verma | New Delhi | Published: November 23, 2017 5:12 am Ravi Shankar Prasad, Arun Jaitley on Wednesday. (Express Photo/Anil Sharma) Related News The Union Cabinet approved the promulgation of an ordinance Wednesday to amend the Insolvency and Bankruptcy Code (IBC) to streamline the stressed-assets resolution process and effectively bar wilful defaulters…

Ban for dry lining boss who failed to declare £1.9m to HMRC – Construction Enquirer

Following an investigation by the Insolvency Service, the Secretary of State for Business, Energy, & Industrial Strategy accepted a disqualification undertaking from Juris Vezenkovs for seven years, effective from this month. Vezenkovs was a director of McDouglas Developments Limited who failed to ensure that the receipts were declared on the companys VAT Returns which resulted…

SC bars Jaiprakash Associates directors, promoters from transferring personal assets – Livemint

Jaypee Infratech has defaulted on Rs526.11 crore of loans outstanding to IDBI Bank. Photo: Ramesh Pathania/Mint New Delhi: The Supreme Court on Wednesday restrained the independent directors and promoters of Jaiprakash Associates Ltd (parent company of Jaypee Infratech) and their family members from transferring any personal assets or property without the courts permission in order…

Insolvency code being changed to stop wilful defaulters from bidding for stressed assets – The Indian Express

Written by Sunny Verma | Updated: November 22, 2017 9:06 pm Arun Jaitley Related News The Union Cabinet approved the promulgation of an ordinance Wednesday to amend the Insolvency and Bankruptcy Code (IBC) to streamline the stressed-assets resolution process and effectively bar wilful defaulters from bidding for companies being put up for sale under the…

Comment – Telegraph.co.uk

Its rare that a Budget comes along with cheering news on the travel front. After all, though the travel industry may argue that they are a vital and vibrant part of the economy, chancellors dont tend to have much sympathy for holidaymakers. The Treasury certainly doesnt like us to take all that sterling out of…