SINGAPORE – Novena Global Healthcare (NGH) co-founder Terence Loh was declared bankrupt on Thursday (July 8) after his “white knight” plan was abandoned. Mr Loh, 43, who has total outstanding debts of about $70 million with five banks stemming from personal guarantees for the loans held by NGH, had tried to enter into a voluntary…
New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed withdrawal of the Oyo insolvency case, in a major setback to scores of hoteliers who had filed claims against Oyo Hotels & Homes basis the proceedings. The order was passed in the matter concerning Oyo and hotelier Rakesh Yadav. Oyo reached an out…
NCLAT has closed proceedings for insolvency of Oyo’s subsidiary Oyo Hotels and Homes Private Limited and allowed Oyo’s plea for setting aside the Insolvency and Bankruptcy Code case against OHHPL. TopicsNCLAT|Oyo|OYO Hotels & Homes Neha Alawadhi | New Delhi Last Updated at July 7, 2021 15:44 IST The National Company Law Appellate Tribunal (NCLAT) on…
07 July 2021 Consultancy.uk 2 min. read Begbies Traynor has appointed personal insolvency specialist David Tannock as an Insolvency Manager based at its Glasgow office. He brings the best part of two decades of experience to the role. Thomas McKay, a Partner atBegbies Traynor in Scotland, said, With sole traders and limited companies across the…
Personal Insolvency arrangements have been approved by the High Court that will allow former newspaper owner John Sheils and his wife businesswoman Susan Casey continue to make mortgage payments on their Co Kilkenny home until they are in their mid-eighties. The approval, made by Mr Justice Mark Sanfey, will see the couple retain their family…
{{featured_button_text}} MATTOON Coles Moultrie Electric of Mattoon has announced two local students that have received memorial scholarships. Garrett Sigrist of Arcola has been selected to receive the first Coles-Moultrie Electric Cooperative Randall Beasley Memorial Scholarship. Ryleigh Hawkins of Mattoon has been selected to receive the Earl W. Struck Memorial Scholarship. Garrett is the son of…
The Tennessee-based corporation that owns Barstow Community Hospital declared bankruptcy soon after COVID-19 arrived in the U.S. last year helping to keep the lights on by obtaining a new loan from financiers in New York and the Cayman Islands. Now, the city’s only hospital has a new chief executive, whose prior stints at financially troubled…
Personal Insolvency arrangements have been approved by the High Court that will allow former newspaper owner John Sheils and his wife businesswoman Susan Casey continue to make mortgage payments on their Co Kilkenny home until they are in their mid-eighties. The approval, made by Mr Justice Mark Sanfey, will see the couple retain their family…
MONTREAL — Quebec’s Home Builders’ Association (APCHQ) has filed a police complaint against a Laval developer who went bankrupt last week, but not before taking at least $17 million in deposits from prospective home buyers. Lisa Alahaydoyan is one of those buyers. Her plan was to have a Laval home torn down and rebuilt into…
A bankrupt builder from Devon persuaded pensioners to pay him 271,000 to construct a home – but his poor workmanship has led to the couple having to live in a caravan. James Prentice was sentenced to six months in prison, suspended for two years, was ordered to carry out 150 hours of unpaid work and…