Rock group Deep Purples former accountant has been banned as a company director for misappropriating at least £2m from two entities controlling their catalogue of hits. Dipak Rao, who worked for the band behind the hit Smoke on the Water between 1992 and 2014, has been disqualified for 11 years following an investigation by the…
File photo NEW DELHI: The principal bench of National Company Law Tribunal (NCLT) in Delhi on Monday admitted an insolvency petition against Amrapali Infrastructure filed by Bank of Baroda. The builder has defaulted on an outstanding loan amount worth Rs 97.30 crore by Bank of Baroda. The NCLT will now appoint an insolvency resolution professional…
The 40-year history of Germany’s Air Berlin will end in the coming weeks, as its planes and other assets are sold off in bankruptcy proceedings. Here’s what passengers need to know: Is Air Berlin still flying? Flights are still taking off thanks to an emergency loan from the German government. The financial stopgap is supposed…
If you have received an adverse court judgment requiring you to make payment for a debt or an order for maintenance support of a family member, you cannot hope to escape from the obligation by declaring bankruptcy or seeking protection under Jamaica’s insolvency laws. And if you have no assets that can be sold to…
Roberta Williams makes tilt at federal politics exit Convicted drug trafficker and gangland widow Roberta Williams could appear on ballot papers at the next federal election despite being bankrupt and ineligible to run. Ms Williams, 48, announced on Monday that she was entering politics as a candidate for the Australian People’s Party to run against…
WHEN it comes to money, it seems that women are the worst at keeping in the black. In fact, a worrying 16% of us have no idea how in the red we are, while the average woman owes £1,800 excluding mortgages and one in three working households rely on overdrafts just to get by. Alamy…
Tsvetan Vassilev. Photo: Medija centar A Serbian court on Wednesday declared the bankruptcy of the Serbian Glass Factory company, linked to the exiled Bulgarian tycoon Tsvetan Vassilev, who is wanted in Bulgaria for the collapse of his Corporate Commercial Bank, CCB, in 2014. The Commercial Court in Kragujevac, Serbia, told Beta news agency that the…
Sanjay Vijayakumar CHENNAI, September 23, 2017 20:47 IST Updated: September 23, 2017 20:47 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’;…
TAMIL NADU Sanjay Vijayakumar CHENNAI, September 22, 2017 00:00 IST Updated: September 22, 2017 05:00 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device…
DEBT WARNING The rise was driven by a surge in the number of people taking out individual voluntary arrangements (IVA) for their debts THE number of people going bust last year jumped 13 per cent amid fears that the tide has turned for household finances. A total of 90,930 personal insolvencies were recorded across England and Wales,…