HYDERABAD: The National Company Law Tribunal (NCLT), in a rare move, decided to reject the insolvency petition filed by a corporate in the ‘interest of the nation’ despite the company and lenders pleading liquidation while claiming to have explored available options. Rejecting the petition filed by Anrak Aluminium, a joint venture between India’s Penna Cement…
Two news stories with a partypoker flavour including Fedor Holz winning another poker tournament as well as appearing on one of the worlds top podcasts, and is Boris Becker deep in debt, or does he have a plan? Fedor Holz has added another hit to his jukebox of poker memories. The German star defeated 50…
New Delhi: Lenders to Jaypee Infratech the Jaypee Group firm whose cash crunch is holding up completion of nearly 32,000 flats in Noida are in disagreement with the way the company’s lead bank IDBI and its chairman Manoj Gaur have handled “certain affairs”. Several bankers to the company TOI spoke to pointed out that IDBI…
The case was listed for hearing last week and will be heard again on November 16, according to the Mumbai NCLTs cause list. Aditya Birla group company UltraTech Cement has filed an insolvency petition against HCCs Lavasa Corporation at the Mumbai bench of the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code…
The 49-year-old former tennis ace was previously declared bankrupt in June and is rumoured to be £54 million in debt, a figure which his lawyers have stated they “vehemently deny”. Now, The Sun states that Boris will accept a staggering £500,000 pay check to go into the jungle for this year’s I’m A Celebrity… Get…
NEW DELHI: The government is open to amending the Insolvency and Bankruptcy Code (IBC) to resolve practical difficulties and redress grievances, union minister P P Chaudhary has said, amid owners of many undelivered flats looking to seek relief under this law. Assuring that the challenges thrown up by some cases would get resolved, the minister…
By Jessica Rach For Mailonline Published: 12:08 +11:00, 8 October 2017 | Updated: 12:09 +11:00, 8 October 2017 e-mail 1 View comments Just yesterday he was pictured getting set to take part in a poker tournament after it emerged that he had borrowed £2million from the founder of Phones4U to pay off his huge debts. …
Malcolm Roberts’ hopes of replacing himself in the Senate appear doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. The move comes after Mr Anning struck a confidential…
In an upbeat message on his Twitter account he vowed to battle back, declaring: Dont waste moments thinking about the past. Move on, the best is yet to come. Becker, 50 next month, became one of the worlds richest sportsmen after winning Wimbledon three times and clinching a total of six grand slam titles during…
Becker will be taking part in the tournament in Vienna which starts today Former tennis star turned to friend John Caudwell for a loan, it is reported Billionaire found of Phone4U ‘agreed to lend the tennis star £2million’ Mr Caudwell agreed to the deal after hearing Becker’s debts were severe enough to land him in…