Amtek Auto says insolvency proceedings accepted by NCLT – Daily News & Analysis

Debt-ridden auto component maker Amtek Auto today said insolvency proceedings initiated by a consortium of banks led by Corporation Bank has been accepted by the National Company Law Tribunal (NCLT). “The application filed by Corporation Bank under section 7 of the Insolvency and bankruptcy Code, 2016… before NCLT, Chandigarh has been admitted by the tribunal,”…

Rangers hero Barry Ferguson bankrupt with debts of over £1.4million after failing to settle tax bills – The Scottish Sun

BARRY BANKRUPT The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman FORMER Rangers star Barry Ferguson has been made bankrupt with debts of more than £1.4million. The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman.…