NCLT admits IDBI Bank’s insolvency plea against Jaypee Infratech – Livemint

As on 31 March, the consolidated debt of Jaypee Infratech was over Rs7,922 crore with a negative interest coverage ratio. Graphic: Ajay Negi/Mint Mumbai: The Allahabad bench of the National Company Law Tribunal (NCLT) on Wednesday admitted insolvency proceedings against Jaypee Infratech Ltd, one of the 12 companies referred to the tribunal following the Reserve…

Insolvency proceedings: National Company Law Tribunal reserves order in Era Infra case – Financial Express

On July 25, the NCLT had sought a clarification from Union Bank of India on the maintainability of the bankruptcy petition against Era and reserved its order. The Principal bench of the National Company Law Tribunal (NCLT) in New Delhi on Tuesday reserved its order in the insolvency proceedings against Era Infra Engineering filed by…

Insolvency and Bankruptcy Code makes insolvency professionals rush to buy insurance – Moneycontrol.com

Moneycontrol News As the Insolvency and Bankruptcy Code (IBC) comes into force this August, insolvency professionals are now rushing to buy insurance for themselves, as per a LiveMint report. But there’s one roadblock. General insurers in the country presently do not offer insurance cover for an insolvency practitioner. Currently, there is no personal indemnity cover for me. But…

28 residents declare bankruptcy, go into debt – Coffs Coast Advocate

A TOTAL of 28 Coffs Harbour residents have declared bankruptcy or have gone into debt within three months. The Australian Financial Security Authority have released the latest quarterly personal insolvency statistics, revealing the number of residents who became bankrupt or entered debt or a personal insolvency agreement between April 2017-June 2017. The statistics only include…

Why directors mustn’t ignore warning signs on the viability of their business – Belfast Telegraph

Why directors mustn’t ignore warning signs on the viability of their business BelfastTelegraph.co.uk It would appear that the only certainty in the current pre-Brexit, politically paralysed climate is uncertainty itself. In the short term, the consensus view is that business owners and directors can expect to have to navigate an economic landscape that may change…