Narayan Rane Mumbai: The state industry department has announced a special amnesty scheme for industrial units that have shut down and cannot be revived. The new scheme will be applicable for the period of the new industrial policy 2019.The scheme, which is an attempt to restart the unit, is for industries that have availed of…
The developers behind Kingdoms of Amalur are only getting a tiny amount of what theyre owed. Rhode Island developers 38 Studios went bankrupt after making just one game: Kingdoms of Amalur: Reckoning. The game was an action RPG set in a high fantasy world from the minds of R. A. Salvatore and Todd McFarlane, and…
Corporate insolvencies continue to rise year-on-year according to insolvency and restructuring trade body R3 in the South West. Although the figures show a slight fall between June and July 2021, it was the third consecutive month in which year-on-year corporate insolvency levels have risen. R3 said the month-on-month fall in corporate insolvencies was a result…
Dominic Gibbs has deined being involved with Diamond Live Lounge when it closed and says he has been helping people to get their money back. A number of people say they are still awaiting refunds up to as much as 500 after the venue closed its doors while the former owner of the Wood Street…
(ANSA) – MILAN, AUG 23 – A 50-year-old pharmaceuticals manager accused of drugging and raping a 21-year-old female student in his luxury Milan flat last May has now been placed under investigation for suspected fraudulent bankruptcy, sources said Monday. Antonio Di Fazio has been in prison custody since May Five young women who say they…
Corporate insolvencies fell slightly in July compared to June. But July was also the third consecutive month in which year-on-year corporate insolvency levels have risen, according to insolvency and restructuring trade body R3 in Wales. R3 said that the month on-month fall in corporate insolvencies was a result of a drop in Compulsory Liquidations, Creditors’…
The National Company Law Tribunal (NCLT), was formulated under the Insolvency and Bankruptcy Code, 2016 (IBC) to deal with insolvency and liquidation matters of corporate entities. Experience has shown that litigants tend to approach the NCLT for redressal of all grievances against companies undergoing insolvency resolution or liquidation. However, does the NCLT really have such…
Aditya Khaitan, a promoter of McLeod Russel India, the countrys largest bulk tea producer, has filed an appeal in the appellate tribunal against a National Company Law Tribunal (NCLT) order initiating insolvency proceedings in the company. On August 6, the New Delhi Bench of the NCLT passed an order admitting an application by Techno Electric…
Slovak investor Pavol Krupa has been found guilty by the federal court in the US state of South Carolina of mounting a campaign to slanderCzech billionaire Zdenek Bakala, and of trying to extorta ransomof $23mn for stopping these activities, according to HlidaciPes.org. Bakala filed a criminal complaint against Krupa to the US federal court in…
These stars have blessed our ears with iconic music over the years, but the fame and fortune sometimes proved to be too much. From Westlife’s Shane Filan to Blue’s Lee Ryan, many of them earned millions with their hits only to declare themselves bankrupt years later. Not all of them stayed bankrupt, as some managed…