Indian-origin director of pizza company disqualified in UK – Hindustan Times

Balwinder Singh, the Indian-origin director of a Worcestershire-based pizza company, has been disqualified as a company director for diverting funds he had secured from loans to a partnership in which he had a personal interest, officials said. The Insolvency Service said Singh, 58, was the sole registered director of Charnwood Foods Ltd but an investigation…

NCLT declares Jaypee Infratech insolvent: Here’s what homebuyers should do – Moneycontrol.com

Moneycontrol News Vandana Ramnani In a big setback to homebuyers of Jaypee group, the Allahabad bench of the National Company Law Tribunal on Wednesday declared Jaypee Infratech as an insolvent company. Homebuyers are unsure whether they will  get their homes for which they have been waiting for years and have invested their life-long earnings. What…

Jaypee Infra insolvency case: Home buyers can raise claims till Aug 24 – Times of India

NEW DELHI: The National Company Law Tribunal (NCLT) appointed an insolvency professional on Thursday for Jaypee Infratech, providing thousands of buyers in Jaypee projects two weeks to raise claims related to their flats or plots as part of a court-driven attempt to put in place a revival plan for the developer’s much-delayed housing schemes in…

NCLT admits insolvency petition of IDBI against Jaypee Infratech – Economic Times

NEW DELHI: The National Company Law Tribunal has admitted the insolvency petition filed by IDBI Bank against debt-ridden Jaypee Infratech. The Allahabad bench of NCLT has admitted the petition filed by IDBI Bank under Section 7 of Insolvency and Bankruptcy Code 2016, Jaypee Infratech said in a regulatory filing. “Consequent upon withdrawal of objections filed…

Introduction of bill to deal with insolvency a significant step: Economic Affairs Secretary – Economic Times

NEW DELHI: Economic Affairs Secretary Subhash Chandra Garg today said the introduction in the Lok Sabha of the bill seeking to deal with insolvency of financial service providers is a significant step. The Financial Resolution and Deposit Insurance Bill, 2017 was today introduced by Minister of State for Finance Arun Ram Meghwal. Soon after, it…