Nagpur-based Gupta Coal India has filed for insolvency at the National Company Law Tribunal. The petition says there are liabilities of Rs2,580 crore towards eight major banks. A source told this newspaper, Allahabad Bank, ICICI Bank, Indian Overseas Bank, Union Bank of India, Vijaya Bank, IDBI Bank, Punjab National Bank and Bank of…
NEWS: Nunavut March 14, 2017 – 11:45 am Owner of former S&G Taxi has failed to provide info for three years worth of tax returns STEVE DUCHARME
2017-03-14T13:20+02:00 13:20 14.03.2017 Individuals’ loans, liquidity provision worth at least $11 million had been withdrawn from Imexbank (Odesa) a month before the bank was declared insolvent, according to the website of the Individuals’ Deposit Guarantee Fund. According to its data, the estimated value of the bank’s assets is less than 15% of the amount recorded…
By ABIUD OCHIENG, [email protected] When the old financial laws regarding implementation of bankruptcy orders were applied to an individual in Kenyas traditional legal landscape, one was not allowed to carry more than Sh100 in their pockets. The time tested legal provision, which has been the last resort by individuals who are unable to service their…
JEFFERSON COUNTY, Ala. Residents who live in bankrupt subdivisions around Jefferson County are looking for solutions to rough road conditions. Advertisement Nearly 100 subdivisions in unincorporated areas of Jefferson County are abandoned or have developers who have declared bankruptcy, according to deputy county manager Dan Biles. Many of them have roads that have fallen into…
The Kolkata Bench of the National Company Law Tribunal (NCLT) has ordered for initiation of an corporate insolvency resolution process against distressed rice exporting company, REI Agro, based on an application filed by an operational creditor. REI Agro has, in the past few years, faced litigation across multiple fora for not only having defaulted in the payment…
Gary OFlynn, a former Cork councillor who was jailed two years ago for soliciting a hitman to kill a garda, a Revenue official and an accountant, has been declared bankrupt in the High Court. In 2015, the son of former Fianna Fail TD Noel OFlynn was given a five-year sentence, with the final two suspended,…
Akanksha Jain New Delhi March 11, 2017 22:56 IST Updated: March 11, 2017 22:56 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device =…
More than a fifth (22%) of East of England adults say that their personal or household finances are currently affecting their mental health, according to a survey of over 2,000 British adults by insolvency and restructuring trade body R3 and market research company ComRes. The R3 research revealed that other key causes affecting mental health…
Today, shortly after receiving an award from the Cleantech Group for North American company of the year (yet another kiss of death), Aquion declared bankruptcy. Aquion raised a total of $190 million in venture capital and debt for its saltwater batteries intended for long-duration storage. The company also raised a lot of hype. The startup…