Business Standard The company was sent for debt resolution in 2017 under the Insolvency and Bankruptcy Code 2016 after it defaulted on debt worth Rs 22,000 crore and failed to construct houses in time for homeowners TopicsJaypee Infratech|Jaypee Infra insolvency|Yamuna Expressway project Suraksha Asset Reconstruction Company, a Mumbai-based firm, has emerged as the highest bidder…
Slagr TV bankruptcy move fails We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OK Read the full article at: https://www.broadbandtvnews.com/2021/05/18/slagr-tv-bankruptcy-move-fails/
Member Article The North East chair of insolvency and restructuring trade body R3 has welcomed the introduction of the new breathing space scheme which gives people with money worries a period of time free from creditor pressure in which to start tackling their money problems. Alexandra Withers was speaking after the governments Debt Respite Scheme,…
The Insolvency Service is set to gain new powers for cracking down on directors who dissolve companies to avoid repaying government support monies. Under new legislation, the Insolvency Service will be given powers to investigate directors of companies that have been dissolved, closing a legal loophole and acting as a deterrent against the misuse of…
THE insolvency and restructuring profession rescued 297,000 jobs and returned 1.82bn to creditors in insolvency cases in 2019 the equivalent of around 800 jobs and 5m a day, according to a new report from R3, the insolvency and restructuring trade body. The report, The value of the profession: how insolvency and restructuring supports the UK…
Kevin James Musson (64) and his son Ryan Kevin Musson (39), both of Cumbria, worked as roofers for Cumbria Roofing North West Ltd. The company was incorporated in June 2009 but went into creditors voluntary liquidation 8 years later in May 2017, triggering an investigation by the Insolvency Service. The investigation discovered that while Ryan…
By Reuters Staff 3 Min Read LONDON, May 14 (Reuters) – The Bank of England said on Friday that it had approved the bail in of $595 million of loans that a British-based financial company made to the major Ukrainian lender PrivatBank before it was nationalised in 2016. The banks nationalisation has been subject to…
The High Court has approved a personal insolvency arrangement (PIA) providing for a 54-year-old woman to make mortgage repayments on her family home until she is aged 90. Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan from Moycarkey, Thurles, Co Tipperary. Ms Kirwan, a single woman and shop assistant who lives…
Are you working for a company that you believe is struggling financially? Or perhaps youve been waiting for an invoice to be paid for a long time. Alternatively, you may be trying to ascertain your own companys situation and whether or not its insolvent. Thankfully, there are numerous insolvency practitioners out there such as Hudson…
By Reuters Staff 3 Min Read (Adds comment of Ukraines central bank) LONDON, May 14 (Reuters) – The Bank of England said on Friday that it had approved the bail-in of $595 million of loans that a British-based financial company made to the major Ukrainian lender PrivatBank before it was nationalised in 2016. The banks…