The number of people seeking debt solutions continued to rise between April and June, according to new figures from the Insolvency Service of Ireland (ISI). There were 1,259 new applications for debt solutions during the second quarter, an increase of 71% on the same period last year. The vast majority of the applications (1,082) were…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
New Delhi, Jul 27 () The National Company Law Tribunal (NCLT) today appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing. “NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional (IRP) for carrying out the CIRP (corporate insolvency…
The Australian Financial Security Authority have revealed Bunbury’s statistics for personal insolvency from March to June this year, with 43 new cases – the highest in regional WA. Bunbury has topped the list of regional personal insolvency statistics for Western Australia in June 2017. The Australian Financial Security Authority (AFSA) recently released regional personal insolvency…
In another setback for Essar Steel, the Ahmedabad bench of National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition against the defaulter company filed by lenders State Bank of India (SBI) and Standard Chartered Bank (SCB) in a common order. Through the order, the NCLT bench rejected Essar Steel’s…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
The Reserve Bank of India (RBI) is understood to be almost ready with a second list of companies that banks can refer to the National Company Law Tribunal (NCLT). (PTI) Now that a resolution for eight stressed companies can be attempted via the Insolvency and Bankruptcy Code, a new list of companies from whom bankers…
Contrary to what you may believe, investing isn’t only a rich man’s game. Here’s how you can grow your wealth with just R500 per month You might think youre too broke to start investing your money, but the reality is that you can actually start with as little as R100 a month. However, since the…
When a little-known company Shiv Sneha Associates advertised that it would file bankruptcy proceedings against the NYSE-listed MakeMyTrip, valued at $3 billion, to recover its dues, it showed how a new law can become a tool to intimidate businesses. A number of frivolous petitions at the National Company Law Tribunal (NCLT), which administers the Insolvency…
A SCOTS lawyer and former hedge fund manager accused of defrauding property investors out of millions of pounds has been declared bankrupt. Gregory King, of Glasgow, is accused by regulators of being behind an alleged £6 million property scam where investors money was used to buy land from him at massively inflated prices. Mr King,…