The Reserve Bank of India announced measures to ease procedures for exporters at a time when exports are finding it difficult to recover. One of these measures is that banks will be able to regularise exports where the proceeds have been realised. Currently, banks do so in case of exports up to $1 million, above…
At age 20, Royston Drenthe was presented as a future Real Madrid superstar – but 13 years later he’s been declared bankrupt, reportedly losing his 3.2m fortune following a failed move into music and acting. A pacey customer touted to shine at the Bernabeu after a breakthrough season at Feyenoord, he was a prodigy held…
Former Real Madrid winger Royston Drenthe has been declared bankrupt in his home nation of the Netherlands. Marca carry a report from Dutch media outlet Voelbalzone that states that the former high-profile player was declared bankrupt by the District Court of Zeeland-West-Brabant on Tuesday. Drenthe is quoted by the report as saying that he is…
Former Real Madrid and Everton star Royston Drenthe declared BANKRUPT at age of 33 after losing estimated 3.2m fortune following failed move into rap music and acting Royston Drenthe has been declared bankrupt at a court hearing in Breda The former Holland winger did not appear at a previous hearing on his finances Drenthe was…
FORMER Everton star and Holland international Royston Drenthe has been declared bankrupt. The 33-year-old is currently plying his trade in the Dutch Division Two with Kozak Boys, but has some problems off the pitch. 3 Royston Drenthe has been declared bankrupt by a Dutch courtCredit: Getty – Contributor As reported by Dutch news-site AD, a…
Mumbai: Lenders to Dewan Housing Finance Corp Ltd have moved the Mumbai bench of National Company Law Tribunal (NCLT) to initiate personal insolvency proceedings against the erstwhile promoters Kapil and Dheeraj Wadhwan, according to a person aware of the matter. DHFL owes 87,031 crore from financial creditors, including 39,000 crore from banks. “We will contact…
The loosening will remove the existing professional requirements for insolvency practitioners to have 4000 hours of supervised work experience in the past five years and a postgraduate qualification in insolvency law. Australian Restructuring Insolvency and Turnaround Association chief executive John Winter said the proposed legislation was “broken” and it was “completely flawed” that accountants could…
Queensland companies are continuing to collapse by the dozen despite the state’s economy slowly recovering from the devastating COVID-19 shutdown. In November 60 companies were put into liquidation or administration – far less than before the pandemic. Previous modelling suggests thousands of Queensland small businesses continue to rely on the federal government’s JobKeeper program and…
The Supreme Court is likely to hear 19 petitions challenging the constitutional validity of provisions relating to insolvency of personal guarantors under the IBC on Thursday. In the last hearing on October 29, the top court had transferred to itself all the petitions pending before various High Courts, challenging the said IBC provisions. The SC…
Satellite communications on a North Sea platform supply vessel (source: Eidesvik) 01 Dec 2020byMartyn Wingrove Castor Marine has stepped in to save SeaVsat, which provides satellite internet access to offshore vessels and rigs, through an acquisition from administrators Netherlands-headquartered SeaVsat was declared bankrupt on 23 November, leaving customers at sea in uncertainty about their connectivity…