After Gupta, Nairs, Bhatia its Now Facor Steels Limited initiate insolvency process – Nagpur Today

3 min read Nagpur: Create economic uncertainty by indulging in financial mismanagement and corruption seems to be the most-liked but equally dubious modus operandi of companies to go bankrupt in order to dodge the action of their creditors. The Jayaswals of Neco, Nairs of Orange City Hospital, Nairsons of coal companies and many such more…

WATCH: Boss of Sheffield pub declared insolvent with £1m debts makes Facebook video to explain venue’s “severe … – The Star

The boss of a Sheffield city centre restaurant, bar and brewery declared insolvent with debts of £1 million has taken to Facebook to explain the venue’s “severe difficulties” in a frank video. Alex Barlow, owner and founder of the Sentinel Brewhouse in Shoreham Street, has revealed that unexpected building costs and a batch of stolen…

Tougher company director ID requirements under spotlight – The Sydney Morning Herald

The introduction of company director identification numbers to help prevent the deliberate liquidation of companies to avoid paying workers’ entitlements and tax is being considered by the federal government. A Federal Treasury spokeswoman told Fairfax Media the introduction of a director identification number had been recommended by a Productivity Commission inquiry and a Senate economics committee inquiry into insolvency…