Amsterdam’s Valtifest, declared bankrupt two weeks ago, to go ahead after takeover – Resident Advisor

The festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken. This year’s edition of the Amsterdam festival Valtifest will go ahead despite declaring itself bankrupt at the start of the month. Ownership of Valtifest has been transferred from the events brand Meubel Stukken to…

Amsterdam’s Valtifest, declared bankrupt two weeks ago, to go ahead after takeover – Resident Advisor

The festival, which will be “smaller and in a different location,” had been run by the troubled events firm Meubel Stukken. This year’s edition of the Amsterdam festival Valtifest will go ahead despite declaring itself bankrupt at the start of the month. Ownership of Valtifest has been transferred from the events brand Meubel Stukken to…

Not just banks and firms, even home buyers can claim their money under new bankruptcy law – Economic Times

A person who has to receive a payment from an insolvent company can now seek the claim under the insolvency law as the revised regulations have enabled owners of undelivered flats to get relief. Till now, only financial and operational creditors were permitted to seek claims under the Insolvency and Bankruptcy Code (IBC). The revised…

Explainer: How did Section 44 land five federal politicians in trouble over citizenship? – SBS

Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up the two Greens, government minister Matt Canavan, One Nation senator Malcolm Roberts and Deputy Prime Minister Barnaby Joyce. It rules out anyone with allegiance, obedience,…

Insolvency professional seeks cooperation to keep Amtek Auto’s operations on going – Livemint

The Chandigarh bench of NCLT admitted Corporation Banks insolvency proceeding against Amtek Auto on 24 July and subsequently appointed Dinkar Venkatasubramanian as the insolvency resolution professional (IRP). Mumbai: The insolvency professional in charge of Amtek Auto Ltd has sought the cooperation of all creditors to keep the company as a going concern for a time-bound…

Jaypee Infratech case: Yogi Adityanath govt holds out hope, backs homebuyers – Hindustan Times

The Uttar Pradesh government gave hope on Wednesday to hundreds of distressed homebuyers of the Jaypee Infratech Group, promising to help the people get possession of their houses on time. The homebuyers, most of whom have invested their lifes savings, have sought the governments intervention after the National Company Law Tribunal admitted an IDBI Banks…