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Category Archives: Bankruptcy

Bankers look for speedy resolution of 28 accounts – Economic Times

BankruptcyBy Insolvency GuardianDecember 10, 2017

Bankers are looking to speed up the resolution of 28 accounts including Videocon Industries, Jaiprakash Associates and Uttam Galva Steel as a December 13 deadline looms. These companies are part of the Reserve Bank of India’s second list of defaulters to be referred to bankruptcy proceedings for recovery of more than Rs 2 lakh crore.…

Max Clifford dies in hospital aged 74 – BBC News

BankruptcyBy Insolvency GuardianDecember 10, 2017

Image copyright PA Image caption Max Clifford had been serving an eight-year jail sentence for sex offences Disgraced celebrity publicist Max Clifford has died in hospital, aged 74, after collapsing in prison. Clifford collapsed in his cell at Littlehey Prison in Cambridgeshire on Thursday and again on Friday, his daughter said. He was taken to…

Member for Maribyrnong faces his first real test – Gympie Times

BankruptcyBy Insolvency GuardianDecember 9, 2017

I’M NOT a commentator but… The Federal Government has had a rough ride of it almost since Malcolm Turnbull replaced the Member for Warringah. Granted, much of it was self-inflicted, either because some of the Conservatives were too blinkered to see the bigger picture, or Mr Turnbull hasn’t been as ruthless as perhaps he should…

Phoenix Solar to file for insolvency next week – Reuters – Reuters

BankruptcyBy Insolvency GuardianDecember 8, 2017

FRANKFURT, Dec 8 (Reuters) – Phoenix Solar, once one of Germanys largest solar groups during the sectors heyday, on Friday said it would file for insolvency next week after an unnamed U.S. customer demanded payments that exceed the groups funds. Following the drawdown of project-related letters of credit in the amount of approximately $8 million…

Reliance Naval vs IFCI: The insolvency battle begins – Economic Times

BankruptcyBy Insolvency GuardianDecember 8, 2017

AHMEDABAD | MUMBAI: The National Company Law Tribunal’s Ahmedabad chapter has adjourned the bankruptcy petition against Reliance Naval and Engineering filed by financial creditor IFCI. The dedicated bankruptcy court will next hear the case on December 19. The company has pointed out to the court that there is no provision in the Insolvency and Bankruptcy…

UPDATE 1-Indian court says government can take control of Unitech – Reuters

BankruptcyBy Insolvency GuardianDecember 8, 2017

* Court allows government to replace 10 existing directors * Bans existing directors from raising loans, selling assets * 19,000 buyers await delivery of apartments * Unitech owes about 7.24 bln rupees to 51,000 depositors (Adds details) By Manoj Kumar NEW DELHI, Dec 8 (Reuters) – An Indian court on Friday allowed the government to…

NCLT admits petitions for insolvency resolution against Ruchi Soya – Economic Times

BankruptcyBy Insolvency GuardianDecember 8, 2017

The Mumbai bench of NCLT on Friday admitted edible oil maker Ruchi Soya for insolvency resolution process under IBC. A detailed order is expected by Monday. The company was referred to the tribunal by Standard Chartered Bank as well as DBS Bank, individually and both petitions have been admitted by the court. It owed more…

Ex-BBC boss Yentob faces ‘five-year ban’ over Kids Company ruin – Sky News

BankruptcyBy Insolvency GuardianDecember 8, 2017

Alan Yentob, the former BBC creative chief, is facing a minimum five-year exclusion from holding company directorships as the Government pursues action against the former bosses of Kids Company, the failed charity. Sky News has learnt that lawyers acting for Mr Yentob and his fellow ex-Kids Company trustees have been handed a deadline of December…

eyevis to restructure during insolvency proceedings – InAVate

BankruptcyBy Insolvency GuardianDecember 8, 2017

08.12.17 German videowall manufacturer Eyevis is to complete a restructuring process with the help of insolvency proceedings. On Monday December 5 the company, which is headquartered in Reutlingen near Stuttgart, filed a respective application to its local district court. Its business continues unchanged says eyevis, with all orders…

HC thwarts Reliance naval’s attempt to avert insolvency – Economic Times

BankruptcyBy Insolvency GuardianDecember 8, 2017

, ET Bureau| Updated: Dec 08, 2017, 10.56 AM IST The insolvency petition aims to recover dues worth Rs 159 crore, including invoking a corporate guarantee. Mumbai: The Bombay HC has scuttled a last ditch attempt by the Anil Ambani company Reliance Naval and Engineering to prevent proceedings in the bankruptcy court, dismissing a petition…

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…2,1462,1472,1482,1492,150…
2,1512,1522,1532,1542,1552,1562,1572,1582,1592,1602,1612,1622,1632,1642,1652,1662,1672,1682,1692,1702,1712,1722,1732,1742,1752,1762,1772,1782,1792,1802,1812,1822,1832,1842,1852,1862,1872,1882,1892,1902,1912,1922,1932,1942,1952,1962,1972,1982,1992,2002,2012,2022,2032,2042,2052,2062,2072,2082,2092,2102,2112,2122,2132,2142,2152,2162,2172,2182,2192,2202,2212,2222,2232,2242,2252,2262,2272,2282,2292,2302,2312,2322,2332,2342,2352,2362,2372,2382,2392,2402,2412,2422,2432,2442,2452,2462,2472,2482,2492,2502,2512,2522,2532,2542,2552,2562,2572,2582,2592,2602,2612,2622,2632,2642,2652,2662,2672,2682,2692,2702,2712,2722,2732,2742,2752,2762,2772,2782,2792,2802,2812,2822,2832,2842,2852,2862,2872,2882,2892,2902,2912,2922,2932,2942,2952,2962,2972,2982,2992,3002,3012,3022,3032,3042,3052,3062,3072,3082,3092,3102,3112,3122,3132,3142,3152,3162,3172,3182,3192,3202,3212,3222,3232,3242,3252,3262,3272,3282,3292,3302,3312,3322,3332,3342,3352,3362,3372,3382,3392,3402,3412,3422,3432,3442,3452,3462,3472,3482,3492,3502,3512,3522,3532,3542,3552,3562,3572,3582,3592,3602,3612,3622,3632,3642,3652,3662,3672,3682,3692,3702,3712,3722,3732,3742,3752,3762,3772,3782,3792,3802,3812,3822,3832,3842,3852,3862,3872,3882,3892,3902,3912,3922,3932,3942,3952,3962,3972,3982,3992,4002,4012,4022,4032,4042,4052,4062,4072,4082,4092,4102,4112,4122,4132,4142,4152,4162,4172,4182,4192,4202,4212,4222,4232,4242,4252,4262,4272,4282,4292,4302,4312,4322,4332,4342,4352,4362,4372,4382,4392,4402,4412,4422,4432,4442,4452,4462,4472,4482,4492,4502,4512,4522,4532,4542,4552,4562,4572,4582,4592,4602,4612,4622,4632,4642,4652,4662,4672,4682,4692,4702,4712,4722,4732,4742,4752,4762,4772,4782,4792,4802,4812,4822,4832,4842,4852,4862,4872,4882,4892,4902,4912,4922,4932,4942,4952,4962,4972,4982,4992,5002,5012,5022,5032,5042,5052,5062,5072,5082,5092,5102,5112,5122,5132,5142,5152,5162,5172,5182,5192,5202,5212,5222,5232,5242,5252,5262,5272,5282,5292,5302,5312,5322,5332,5342,5352,5362,5372,5382,5392,5402,5412,5422,5432,5442,5452,5462,5472,5482,5492,5502,5512,5522,5532,5542,5552,5562,5572,5582,5592,5602,5612,5622,5632,5642,5652,5662,5672,5682,5692,5702,5712,5722,5732,5742,5752,5762,5772,5782,5792,5802,5812,5822,5832,5842,5852,5862,5872,5882,5892,5902,5912,5922,5932,5942,5952,5962,5972,5982,5992,6002,6012,6022,6032,6042,6052,6062,6072,6082,6092,6102,6112,6122,6132,6142,6152,6162,6172,6182,6192,6202,6212,6222,6232,6242,6252,6262,6272,6282,6292,6302,6312,6322,6332,6342,6352,6362,6372,6382,6392,6402,6412,6422,6432,6442,6452,6462,6472,6482,6492,6502,6512,6522,6532,6542,6552,6562,6572,6582,6592,6602,6612,6622,6632,6642,6652,6662,6672,6682,6692,6702,6712,6722,6732,6742,6752,6762,6772,6782,6792,6802,6812,6822,6832,6842,6852,6862,6872,6882,6892,6902,6912,6922,6932,6942,6952,6962,6972,6982,6992,7002,7012,7022,7032,7042,7052,7062,7072,7082,7092,7102,7112,7122,7132,7142,7152,7162,7172,7182,7192,7202,7212,7222,7232,7242,7252,7262,7272,7282,7292,7302,7312,7322,7332,7342,7352,7362,7372,7382,7392,7402,7412,7422,7432,7442,7452,7462,7472,7482,7492,7502,7512,7522,7532,7542,7552,7562,7572,7582,7592,7602,7612,7622,7632,7642,7652,7662,7672,7682,7692,7702,7712,7722,7732,7742,7752,7762,7772,7782,7792,7802,7812,7822,7832,7842,7852,7862,7872,7882,7892,7902,7912,7922,7932,7942,7952,7962,7972,7982,7992,8002,8012,8022,8032,8042,8052,8062,8072,8082,8092,8102,8112,8122,8132,8142,8152,8162,8172,8182,8192,8202,8212,8222,8232,8242,8252,8262,8272,8282,8292,8302,8312,8322,8332,8342,8352,8362,8372,8382,8392,8402,8412,8422,8432,8442,8452,8462,8472,8482,8492,8502,8512,8522,8532,8542,8552,8562,8572,8582,8592,8602,8612,8622,8632,8642,8652,8662,8672,8682,8692,8702,8712,8722,8732,8742,8752,8762,8772,8782,8792,8802,8812,8822,8832,8842,8852,8862,8872,8882,8892,8902,8912,8922,8932,8942,8952,8962,8972,8982,8992,9002,9012,9022,9032,9042,9052,9062,9072,9082,9092,9102,9112,9122,9132,9142,9152,9162,9172,9182,9192,9202,9212,9222,9232,9242,9252,9262,9272,9282,9292,9302,9312,9322,9332,9342,9352,9362,9372,9382,9392,9402,9412,9422,9432,9442,9452,9462,9472,9482,9492,9502,9512,9522,9532,9542,9552,9562,9572,9582,9592,9602,961
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