Leader of Opposition in the Lok Sabha Rahul Gandhi on Thursday attacked the Modi government over a National Company Law Tribunal (NCLT) order involving businessman and media baron Subhash Chandra, alleging that the country operates under “two systems” — one for ordinary citizens and another for a select group of wealthy businessmen. In a post…
Cask Spirits Global has been closed after it was found that customers paid nearly £100,000 (US$136,000) for casks of whisky they never owned. Unethical practices within the whisky cask investment sector have led to calls for tougher regulation The fraudulent whisky investment company was officially wound up at the High Court in London on Tuesday…
Jamie Carragher faces being declared bankrupt over unpaid tax bill London Evening Standard Read the original article here
TISZA Government Decision Puts Country’s Largest Construction Giant on Path to Bankruptcy Hungary Today Read the original article here
The National Company Law Tribunal (NCLT) has cleared a repayment proposal for Zee Group founder Subhash Chandra that would allow creditors to recover around ₹6.5 crore against admitted claims of ₹22,006.57 crore. The approval effectively leaves lenders facing a 99.97% haircut, meaning they would recover only about three paise for every ₹100 they are owed.…
Former Liverpool defender Jamie Carragher is facing the possibility of being declared bankrupt over unpaid tax. The Sky Sports pundit appeared in court on Wednesday after His Majesty’s Revenue and Customs (HMRC), Britain’s tax authority, filed a bankruptcy petition against him. A bankruptcy petition is an application to a court used to recover funds and…
Subhash Chandra’s office on Thursday clarified reports related to the Zee founder’s personal insolvency case before the National Company Law Tribunal (NCLT). Tribunal cites Chandra’s low personal asset value and bankruptcy risk. The office of Zee founder Subhash Chandra on Thursday issued a clarification over reports about his personal insolvency case before the National Company…
The office of Zee founder Subhash Chandra on Thursday issued a clarification over reports about his personal insolvency case before the National Company Law Tribunal (NCLT). The office said some reports had presented the figures in the case without reflecting the current status of the proceedings. It said the Rs 22,000-crore figure being reported refers…
“I have not borrowed any money from any lender,” Zee Group founder Subhash Chandra said on Thursday, clarifying that he was only a personal guarantor for borrowings raised by companies associated with the Essel Group. His statement came after the National Company Law Tribunal approved a ₹6.5-crore repayment plan in his personal insolvency proceedings against…
Essel Group founder Subhash Chandra on Thursday said media reports on his personal insolvency proceedings before the National Company Law Tribunal (NCLT) had misrepresented the quantum of claims against him and stated that the relevant claims totalled ₹3,992 crore and not ₹22,000 crore. “I have to state that certain vested media houses are spreading…