Written by Surya Sarathi Ray | New Delhi | Published:July 27, 2017 2:23 am Bhushan Steel, which owes banks a whopping Rs 44,447 crore had earlier objected to the insolvency proceedings alleging that SBI had inflated the dues by around Rs100 crore. Representational Image. Related News The New Delhi bench of the National Company Law…
Business minister blames insolvency rise on ‘austerity’ 26 July 2017 From the section Scotland business Image copyright PA Scotland’s business minister has blamed “continuing austerity” for a sharp rise in personal insolvencies. The last quarter saw insolvencies rise year-on-year by 17.3% to 2,839, according to official figures. Paul Wheelhouse claimed there was “no question” austerity…
A 17% increase in personal insolvencies has been brought about after continuing Westminster austerity resulted in “incomes being squeezed”, Holyrood’s business minister said. Paul Wheelhouse made the comments after the latest data showed debts forced 2,839 people to either become bankrupt or take out a protected trust deed over the period April to June 2017.…
A 17% increase in personal insolvencies has been brought about after continuing Westminster austerity resulted in “incomes being squeezed”, Holyrood’s business minister said. Paul Wheelhouse made the comments after the latest data showed debts forced 2,839 people to either become bankrupt or take out a protected trust deed over the period April to June 2017.…
The number of Scottish businesses becoming insolvent or entering receivership dropped by almost 25% compared to a year ago, according to figures from Accountant in Bankruptcy (AiB) for the first quarter of 2017-18. Compared to the first quarter of 2016-17, there were 200 corporate insolvencies, down from 265 a drop of 24.5%. The figure for…
The number of Scottish businesses becoming insolvent or entering receivership dropped by almost 25% compared to a year ago, according to figures from Accountant in Bankruptcy (AiB) for the first quarter of 2017-18. Compared to the first quarter of 2016-17, there were 200 corporate insolvencies, down from 265 a drop of 24.5%. The figure for…
Mumbai: With some large stressed firms challenging RBI’s directives to banks to initiate proceedings against them under the Insolvency and Bankruptcy Code (IBC) in high courts, Reserve Bank deputy governor SS Mundra on Wednesday said nobody can be prevented from approaching the judiciary. Last week, the Gujarat High Court had dismissed Essar Steel’s plea against…
Whats common for Micheal Jackson, Mike Tyson, Donald Trump, Nicolas Cage and Willie Nelson? Apart from being hugely successful, all have filed for bankruptcy either in personal or business capacity at least once in their lifetime. Unlike in India, bankruptcy and insolvency law has been around in the US for last 200 years or so. In India, it…
KIEV, July 20 (Reuters) – Ukraine’s central bank said on Thursday it had withdrawn the right to formally audit the country’s banks from the Ukrainian unit of the international accounting firm PwC. PwC Ukraine had audited the largest Ukrainian bank, PrivatBank, which Ukraine took over in December after risky lending practices left it with a…
Justice Minister Charlie Flanagan and Chief Justice Susan Denham at the launch of the annual report of the Courts Service at Phoenix House in Dublin yesterday. Photo: Gareth Chaney Surge in personal injuries claims as 22,000 cases hit the courts last year Independent.ie The courts have experienced an explosion in personal injuries claims, new figures…