Some $11 mln withdrawn from Imexbank before declaring it insolvent – Interfax

2017-03-14T13:20+02:00 13:20 14.03.2017 Individuals’ loans, liquidity provision worth at least $11 million had been withdrawn from Imexbank (Odesa) a month before the bank was declared insolvent, according to the website of the Individuals’ Deposit Guarantee Fund. According to its data, the estimated value of the bank’s assets is less than 15% of the amount recorded…

No fix in sight for roads in Jefferson County’s bankrupt subdivisions – WVTM13

JEFFERSON COUNTY, Ala. Residents who live in bankrupt subdivisions around Jefferson County are looking for solutions to rough road conditions. Advertisement Nearly 100 subdivisions in unincorporated areas of Jefferson County are abandoned or have developers who have declared bankruptcy, according to deputy county manager Dan Biles. Many of them have roads that have fallen into…

NCLT orders initiation of insolvency resolution against distressed REI Agro – Bar & Bench

The Kolkata Bench of the National Company Law Tribunal (NCLT) has ordered for initiation of an corporate insolvency resolution process against distressed rice exporting company, REI Agro, based on an application filed by an operational creditor. REI Agro has, in the past few years, faced litigation across multiple fora for not only having defaulted in the payment…

Man gets jail for disobeying SC order – The Hindu

Akanksha Jain New Delhi March 11, 2017 22:56 IST Updated: March 11, 2017 22:56 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 =…