No laughing matter The debt related to a number of live shows going back to 2012 AN events promoter has avoided the threat of prison over a 250,000 debt owed to comedian Mario Rosenstock after being declared bankrupt. Dublin District Court heard that concert and events promoter Darryl Downey owed the money to Blue Elf…
According to statistics from the Australian Financial Security Authority, the number of debtors who entered a personal insolvency in the ACT rose 26.9% in the March quarter (compared to the December quarter 2016). The main contributor to the increase was Belconnen, with the biggest rise in new debtors, followed closely by Gungahlin. The number of…
In the past year, more than 120,000 Canadians were declared insolvent. You know the one thing they didnt have to give up? The creditors may have been breathing down their throats, looking to get their hands on any assets, but they wouldnt have been able to penetrate the legislative vault their Registered Retirement Savings Plan…
By: ENS Economic Bureau | Mumbai | Published:June 21, 2017 2:10 am Among other companies which are facing bankruptcy action, Bhushan Steel rose by 8.91 per cent and Amtek Auto by 9.17 per cent. (File Photo) With banks planning to take up debt-laden Monnet Ispat & Energy for corporate insolvency resolution process (CIRP) under the…
According to sources, Sebi is planning to reduce the timeline for completion of takeover from six months to 30 days for acquirers in case of insolvency proceedings. Price discovery and disclosure-related rules in such takeovers are also expected to be relaxed. Sources said the regulator is considering doing away with the price…
Hyderabad, June 20: Shares of Lanco Infratech continued to witness a steep fall, touching an all-time low of 1.70, down 9.57 per cent, on the BSE on Tuesday. This is in addition to the fall of over 20 per cent over the past two days on news of bankruptcy proceedings making the rounds. RBI move…
MUMBAI: Bankers and metals maker Monnet Ispat & Energy agreed on Tuesday to reorganise the company under the Insolvency and Bankruptcy Code after it defaulted on its Rs. 12,000 crore even as its equity valuation remained less than a 12th of its total obligations to banks. But the agreement gave a sense of hope to…
Advocate Joseph Benkel, the special manager for businessman Eliezer Fishman’s assets, today informed Tel Aviv District Court president Eitan Orenstein that Fishman’s creditors – Bank Hapoalim (TASE: POLI), Bank Leumi (TASE: LUMI), Israel Discount Bank (TASE: DSCT), Mercantile Discount Bank, Mizrahi Tefahot Bank (TASE:MZTF), Union Bank of Israel (TASE: UNON), and the Israel Tax Authority…
Lanco Infratech – File Photo New Delhi : Infrastructure major Lanco Infratech became the first company to face insolvency proceedings among the twelve entities identified by IDBI Bank to recover its dues by taking the resolution to insolvency courts, said a person familiar with the matter. The bank has fund based exposure of Rs…
As news that Channel 10 is to be placed into voluntary administration echoes around Australia, many are asking what this really means for the network and concern is rife for some Aussie favourites including Offspring, Neighbours, MasterChef and The Project. What happened? Channel 10s billionaire shareholders made the decision that they would no longer guarantee a…