Russia’s troubled refinery denied bankruptcy of its former head’s gas company – RAPSI

11:00 16/06/2021 MOSCOW, June 16 (RAPSI) The Moscow Commercial Court has dismissed without prejudice a bankruptcy application filed by Russias troubled Antipinsky refinery against New Stream oil and gas company chaired by the former co-owner of the refinery, according to court records. The applicant has not met obligatory requirements of the current bankruptcy law and…

Videocon insolvency: Creditors to take 96% haircut on dues; NCLT says bidder ‘paying almost nothing’ – Times of India

NEW DELHI: Creditors of debt-ridden Videocon Industries Ltd will be taking nearly 96 per cent haircut on their loans and the bidder is “paying almost nothing” for the company, NCLT has observed while approving Anil Agarwal’s Twin Star Technologies’ Rs 2,962.02 crore-bid under the insolvency resolution process.Videocon Industries and its 12 group companies had a…

Call for papers: Insolvency Research and Technical Conference – GOV.UK

The conference will take place on 19 November 2021 and the purpose is to: provide a platform for current insolvency research and technical discussion facilitate a stronger link between academia, the insolvency sector and policy-makers encourage comment and feedback from interested parties The working title and theme of the conference are: Forward Thinking: Insolvency strategies…

What is a deceased insolvent estate? | Today’s Wills and Probate – Today’s Wills & Probate

A deceased estate is insolvent when the deceased persons liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow. A hierarchy of payment exists for deceased insolvent estates. The executor, or personal representative, is responsible for ensuring debts are…