Former board members of the collapsed charity Kids Company including its founder, Camila Batmanghelidjh, and the former BBC chief Alan Yentob face being banned from serving as company directors from up to six years. The Insolvency Service has written to the former directors to tell them that the business secretary, Greg Clark, intends to bring…
Kids Company ex-directors facing bans 31 July 2017 From the section Business Image copyright Getty Images Business Secretary Greg Clark is to bring proceedings against former directors of the collapsed charity Keeping Kids Company to have them banned from company directorships. The Insolvency Service names former chief executive Camila Batmanghelidjh, Alan Yentob and seven others.…
By Press Association Published: 22:54 +10:00, 31 July 2017 | Updated: 22:54 +10:00, 31 July 2017 e-mail Former Kids Company boss Camila Batmanghelidjh and the charitys former chairman Alan Yentob face being disqualified from running companies under proceedings brought by the Government. The youth organisation folded amid a storm of controversy in August 2015 just…
Image copyright Getty Images Business Secretary Greg Clark is to bring proceedings against former directors of the collapsed charity Keeping Kids Company to have them banned from company directorships. The Insolvency Service names former chief executive Camila Batmanghelidjh, Alan Yentob and seven others. Kids Company – which provided support to deprived and vulnerable children –…
Despite speculation, One Nation Leader Pauline Hanson’s sister is not necessarily on track to join her sibling in the Upper House, according to the ABC’s electoral expert Antony Green. The chance of Judy Smith entering the Senate has arisen because there is doubt over whether One Nation’s Malcolm Roberts was a dual citizen when…
The aggregate debt involved in seven stressed companies, now cleared for insolvency proceedings, is Rs 1.3 lakh crore, a little over half the amount that these companies owe banks. With the NCLT (National Company Law Tribunal) allowing insolvency proceedings to be initiated against companies even if winding-up petitions are pending before high courts, provided these…
With it looking increasingly likely that One Nations Malcolm Roberts could have his qualifications to sit in the Senate referred to the High Court, the question of who would replace him if disqualified has attracted attention. Senator Roberts problem is that he overlooked the fact he had British citizenship. Shortly before the election he tried…
MUMBAI: Finance minister Arun Jaitley has urged private equity players and asset reconstruction companies to act swiftly towards resolution of stressed assets, hoping that this will inspire confidence among investors as well as boost the economy. Jaitley conveyed this in a closed-door meeting which was attended by senior of finance ministry officials, select private equity…
In what may be a future relief for corporate debtors facing insolvency proceedings, the Supreme Court used its extraordinary constitutional powers to allow two companies to withdraw from insolvency proceedings and settle their loan dispute despite the case having been admitted by the National Company Law Tribunal (NCLT). Once the NCLT admits a case for…
Ex-Deputy of Krasnoyarsk City Council Sergey Surtaev has been declared bankrupt; earlier, he had come to the attention of the media due to deferring from military service. The Arbitration Court of the Krasnoyarsk region has declared ex-Deputy of the City Court Sergey Surtaev bankrupt due to a debt of 3 million rubles ($50 thousand). …