In the EoI, JAL’s assets spread across different verticals were divided among eight clusters by the lenders – Real Estate, Investment in Jaiprakash Power Ventures (24%), Cement, Hospitality, Investment in BJCL (74%), Jaypee Fertilisers & Industries, Cricket Stadium & F1 Racetrack and EPC & Residual Entity. Read the original article here
Background The High Court, presided over by Chief Insolvency and Companies Court Judge Briggs, recently delivered a judgment in the case of The Official Receiver, acting as liquidator for Wifime Limited (in liquidation), against Azam Iqbal Haq. The case involved allegations of breach of statutory duties by Mr Haq, who was the sole director of…
Has Volocopter found a lifeline? Zag Daily Read the original article here
More civil servants likely to be declared bankrupt following MACC’s Op Sky New Straits Times Read the original article here
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By Linh Le  March 10, 2025 | 02:42 am PT Actor Vinci Wong has been declared bankrupt by the Hong Kong High Court after a credit firm accused him of failing to repay an unsecured loan totaling HK$2.8 million (US$360,487). Hong Kong actor Vinci Wong. Photo from Wong’s Instagram According to The Star, Wong was…
Small businesses struggling in Australia’s sluggish economy continue to fight an uphill battle in 2025, as data shows late payments to small and medium-sized enterprises (SMEs) have surged to their highest level in four years, choking their finances and in some cases triggering bankruptcy. Larger businesses are taking longer to pay small businesses, dragging out…
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Mervyn King was once one of the top players on the world darts circuit. Playing for the British Darts Organisation (BDO) and later the Professional Darts Corporation (PDC), he rubbed shoulders with some of the greats of his era. However, ‘The King’ now wants to warn younger players about the need to be financially responsible…
Two of the men behind the £237 million London Capital & Finance investment fraud have been made bankrupt. Spencer Golding and John Russell-Murphy were among five individuals that a High Court judge late last year found liable for hundreds of millions of pounds in damages after LCF was ruled to be a Ponzi scheme. Notices…