The National company Law Tribunal (NCLT), Bengaluru bench has admitted the insolvency plea against Coffee Day Enterprises Ltd (CDEL), the parent company of the Coffee Day Group that runs the Cafe Coffee Day. The insolvency petition was filed on September 8, 2023 under section 7 of the Insolvency and Bankruptcy Code, 2016, by IDBI Trusteeship…
Companies are collapsing at levels not since 2012, ASIC says, with external administrations on track to exceed 10,000 by the end of the financial year. ASIC recorded 7,742 company failures in the past nine months, over a one-third increase on the same period last year, according to insolvency data published yesterday. “With only one quarter…
The National Company Law Tribunal (NCLT) has approved Sarda Energy and Mining’s (SEML) resolution plan for SKS Power Generation (Chhattisgarh), as part of the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC), 2016. A formal order detailing the approval is still pending. The bench, comprising justices Anu Jagmohan Singh and Kishore Vemulapalli,…
CNN — Rudy Giuliani filed for bankruptcy in federal court in New York on Thursday, just days after a jury ordered him to pay nearly $150 million to two former Georgia election workers for defamation. According to the filing, Giuliani listed debts between $100 million and $500 million, and assets worth up to $10 million.…
BBC Leanne Young had to file for bankruptcy after being a sub-postmaster for five years A former sub-postmaster said it was an “absolute disgrace” that she was left to go bankrupt after being told she owed hundreds of thousands of pounds. Leanne Young, 49, from Bedminster, worked in the St Philips Marsh post office in…
Online media HK01 founder Yu Pun-hoi was declared bankrupt on Tuesday for failing to repay his debt of more than HK$416 million to an investment bank. Locally based CCB International Overseas Ltd had previously filed a bankruptcy petition against Yu at the High Court. It was reported that a company owned by Yu,…
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Ricky Nixon could be flat broke by the end of the week Development comes after he was hit with new criminal charges Nixon is accused of selling fake footy merchandise By Ollie Lewis Published: 07:07 AEST, 17 April 2024 | Updated: 07:07 AEST, 17 April 2024 Former footy agent Ricky Nixon is facing the immediate…
Despite being on a fraction of her previous income, Polly Arrowsmith still lives an extravagant lifestyle. Today she explains why… STANDING in the Dior shop, I twirl this way and that before making the decision to buy a beautiful coat for £3,000. 5 Polly Arrowsmith lost everything when she was made bankrupt and still battles…
Despite being on a fraction of her previous income, Polly Arrowsmith still lives an extravagant lifestyle. Today she explains why… STANDING in the Dior shop, I twirl this way and that before making the decision to buy a beautiful coat for £3,000. 5 Polly Arrowsmith lost everything when she was made bankrupt and still battles…