Public comments sought by Oct 28 New Delhi, October 9: The Centre is moving ahead full throttle to implement an effective insolvency and bankruptcy regime, which is expected to help improve Indias ease of doing business ranking. On the heels of setting up an Insolvency and Bankruptcy Board of India (IBBI), the Centre has framed…
KUALA LUMPUR: Poor financial management resulted in 22,663 Malaysians under the age of 35 being declared bankrupt between 2011 and Sept 2015, according to the Malaysian Financial Planning Council (MFPC). MFPC deputy president Michael Kok Fook On said this group of people failed to manage their financial resources and do not understand the importance of…
A LEIGH-based investment company left its registered office in Madeira Avenue without notice when the Insolvency Service began investigating its gold mine investment scheme. It was reported that the company refused to co-operate with the Insolvency Service before vacating tis offices. Five firms, including Santo Montana LLP in Madeira Avenue and Lorem Ipsum Trade…
The Bucharest Court approved yesterday the insolvency request of ELCEN, a state-owned power producer that also provides the heat and hot water distributed in Bucharest. KPMG was appointed the companys judicial administrator. According to the company, its total debts have reached EUR 402 million whereas its claims amount to EUR 827 million. The company has…
Standard Bank declared bankrupt, and ADIF becomes its liquidator Baku, Fineko/abc.az. Commercial Bank Standard, the activities of which discontinued from 1 October, has been declared bankrupt. The Azerbaijani Deposit Insurance Fund (ADIF) informs that it was done by Decision #2-1(81)-4498/2016 of the Baku Administrative & Economic Court #1. By the same decision, ADIF was appointed…
Boutique nightclub in Melbourne’s inner south-east has been targeted in what’s believed to be a drive-by shooting. Sources close to the well-known club in Prahran say at least three shots were fired into the front door and first floor window overnight on Thursday. No reports have been made to police about suspected gunshots to Boutique. Photo: Instagram/15minutesoffameaustralia Photographs…
American star was held at gunpoint in the early hours of Monday morning Thieves escaped with jewellery worth an estimated $8.5 million Kanye West immediately cancelled New York concert after hearing of robbery Bodyguard Pascal Duvier was with sisters Kourtney and Kendall at the time of the raid Duvier lodged claim for company insolvency in hometown…
PANAJI: Depositors, creditors, shareholders of companies that go bust have lot to look forward to from the newly notified Insolvency and Bankruptcy Code (IBC) 2016, according to the Institute of Company Secretaries of India (ICSI). Institute members, who met up at a symposium in EDC House, Panaji on Thursday, said that recent changes in insolvency…
Harlequin Property SVG has formally entered insolvency proceedings, which could lead to its liquidation and heavy losses for thousands of investors. According to Harlequin, it has taken the action to allow the company a maximum of six months to work with a professional trustee to assist it to sort out its business affairs, and does…
Kim’s bodyguard was at a Paris nightclub when she was robbed on Monday Reality star, 35, was asleep in Paris suite alone when five gunman burst in Mum-of-two begged for her life as she was bound and gagged Pascal Duvier, 43, has been widely criticised for not protecting her against robbery MailOnline has revealed how…