KOCHI: The National Company Law Apex Tribunal (NCLAT) on Thursday quashed an order by the National Company Law Tribunal (NCLT) which passed a verdict in an insolvency case filed by a private firm against SmartCity authorities. The NCLAT’s verdict has come as a breather for the SmartCity project as many of its major functions, including…
By Alex Wolf Law360, New York (October 12, 2017, 7:19 PM EDT) — The trustee for an insolvent Russian bank investigating a purported link between funds embezzled by the banks former president and New York City real estate purchases won a bankruptcy court fight Thursday with the property buyers over the right to look deeper…
A husband-and-wife financial adviser team have been barred from the profession after blowing millions of pounds on luxuries, including cosmetic dental treatment and flying lessons, despite their firm being declared insolvent after it mis-sold endowment policies. John and Colette Chiesa, founders of Westwood independent financial planners in Lanarkshire, were banned from working in financial services…
Earlier, the general perception among bankers and even policy makers at RBI was that the absence of a strong bankruptcy code was behind the many ills in the banking system Representative Image … Read the full article at: http://www.business-standard.com/article/finance/bankers-wary-of-insolvency-code-as-high-provisioning-looms-117101300042_1.html
A woman who was ordered to pay £24,500 in unpaid fines after ignoring hundreds of parking tickets has been declared bankrupt with debts totalling more than £37,000. In a landmark ruling at Dundee Sheriff Court earlier this year, Carly Mackie was told she had to pay the unpaid charges to a private parking company. The…
BERLIN (AP) The German news agency dpa is reporting that Lufthansa CEO Carsten Spohr says the airline will sign an agreement to buy large parts of the bankrupt carrier Air Berlin. Spohr said in Berlin that both airlines will sign the agreement later on Thursday in Berlin. Spohr said, “Today is a big day, which…
A debtor has had his appeal to the High Court dismissed in a preliminary hearing, on the basis that he did not have locus standi to appeal an application pursuant to the Personal Insolvency Acts 2012-2015, which was brought by a personal insolvency practitioner in the first instance. Finding in favour of Bank of Ireland…
By Ciara Farmer For Mailonline Published: 20:50 +11:00, 12 October 2017 | Updated: 23:32 +11:00, 12 October 2017 e-mail 21 View comments He is one of Hollywood’s most sought after movie stars. So naturally Idris Elba attracts attention wherever he goes, as illustrated when he hit the red carpet alongside his girlfriend Sabrina Dhowre, 29, before…
Video PlayerClose BERLIN, Oct. 12 (Xinhua) — German market leader Lufthansa signed an agreement to acquire the lion’s share of the insolvent carrier Air Berlin on Thursday. Lufthansa Chief Executive Officer (CEO) Carsten Spohr told press that it was a “big day” for his company which will gain an even tighter grip on Germany’s commercial…
Frankfurt, Oct 12 (IANS): The head of German carrier Lufthansa on Thursday announced that his company was set to take a majority stake in failed airline Air Berlin, which filed for insolvency earlier and was temporarily being kept afloat by a bridging loan from the German government. Lufthansa Chairman and CEO Carsten Spohr said the giant…