MUMBAI: A subtle tension is brewing between bankers, struggling with failed borrowers, and auditors, having come under closer scrutiny. Till now auditors who signed the financial statements of banks have rarely questioned the real worth of assets and securities that banks hold to lend. But, this is about to change with auditors coming under the…
By: ENS Economic Bureau | New Delhi | Updated: October 2, 2017 12:55 am (Representational) Related News The Insolvency and Bankruptcy Code may have prescribed a minimum vote of 75 per cent in a creditors committee before any decisions are taken in the insolvency process, but the countrys courts are interpreting this quite differently. Two…
Properties in places such as Warsaw in Poland are becoming popular with Irish buyers again How to handle sale-and-leaseback mess? Independent.ie Q. I’m considering buying an investment property in Poland. I’ve been sent a brochure about apartments which are up for sale there and they seem incredibly cheap. However, when I showed the brochure to…
A Lincolnshire woman failed to disclose all of the property in her ownership after being declared bankrupt, a court has heard. Susan Thatcher, 54, from Skegness did not inform the relevant authorities about a Spanish holiday home in her possession. Read More Thatcher, of Barkham Grove, pleaded guilty to owning the property in Fuerteventura and…
NEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria. As Puerto Rico struggles with near total destruction of its…
Nothing to see here move along folks, was the message from the Ryanair public relations machine this week as it pinned an image of 20 smiling new pilots to the top of its Twitter page. The new recruits all men, by the way were waving their hands in the air or giving the thumbs up…
NEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria. As Puerto Rico struggles with near total destruction of its…
Move aimed at preventing at least 3 lakh disqualified directors of shell companies from entering the insolvency eco-system. Amid a crackdown on directors of shell companies, the government is considering to further tighten the scrutiny of candidates applying for the licences of insolvency professionals, in a bid to prevent unscrupulous elements from entering the critical…
NEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria. As Puerto Rico struggles with near total destruction of its…
Company Liquidations in Yennora ? Have your company debts spiralled out of control in Yennora? Your Company could be insolvent. Simply, a Company is insolvent when it is unable to pay the debts when due. Being on time on a payment plan does not mean that the Company is solvent as this arrangement has only arisen due to the…