MUMBAI: Wind power solutions company Inox Wind is headed for insolvency after the National Company Law Tribunals (NCLT) Chandigarh bench ordered the commencement of the process in response to an operational creditors plea, in the first such case in the renewable energy sector. The company has been facing tough times, reflecting the dichotomy in the…
Global security group Securitas has revealed that its chief executive was declared bankrupt this week after his identity was hacked. In a statement to investors, the company said that a fraudster had made a fake loan application in the name of Alf Göransson, its 59-year-old president and chief executive. To add to the embarrassment, Securitas said the unfortunate…
Comments (0) Plymouth people are more incapable of paying off their debts than almost anyone else in the country. The city has one of the highest rates of personal insolvency in the UK, new figures have revealed. Read more: Tough submariners shed a tear as HMS Torbay is retired The Insolvency Service has recorded that as…
Identity of Securitas chief executive stolen, bankruptcy filed The chief executive of Swedish security firm Securitas AB, Alf Göransson, has been declared bankrupt after having his identity stolen. The company announced on Wednesday in a release that a fraudulent loan application in Göransson’s name was made in March. As a result, Göransson was declared bankrupt…
The latest regional personal insolvency statistics have revealed that the North East had the highest rate of personal insolvency of any part of England and Wales in 2016. The region had a total individual insolvency rate in 2016 of 25.3 per 10,000 adults, which is over 25% higher than the average for England and Wales.…
What law has Mr Ludlam fallen foul of? Section 44 of the Constitution sets out restrictions on who can be a candidate for federal parliament. Five subsections make clear what disqualifies people, but its article one that tripped up Mr Ludlam. It rules out anyone with allegiance, obedience, or adherence to a foreign power, or is…
Published July 14 at 12:02 pm The National Bank of Ukraine (NBU) in Kyiv on Sept. 14, 2016. Photo by Julia Berezovska/ Press office NBU Popular on social media The National Bank of Ukraine (NBU) has declared joint-stock commercial bank Novy (New, Dnipro) insolvent, the central bank has reported on its website. The NBU board…
Women are increasingly more likely than men to see their finances deteriorate so badly that they become insolvent, official figures show. The rate of female insolvencies across England and Wales first overtook that for men in 2014 and since then the insolvency gender gap has widened. In 2016, for the first time, women were more…
Ahmedabad: The Gujarat High Court on Thursday directed for placing on the record before it an RBI directive to a consortium of 22 lenders to initiate insolvency proceedings against Essar Steel following its high Non-Performing Assets (NPAs). Hearing the 4 July petition filed by the major steelmaker to seek quashing of insolvency proceedings, a single bench…
Women are increasingly more likely than men to see their finances deteriorate so badly that they become insolvent, official figures show. The rate of female insolvencies across England and Wales first overtook that for men in 2014 and since then the insolvency gender gap has widened. In 2016, for the first time, women were more…