Diageo has challenged an order of Indias Prevention of Money Laundering Act court, which permitted the sale of assets seized from Vijay Mallya to repay a consortium of banks some of the 1.15 billion they claim he owes to them. (Photo: Wiki) Last month the Indian courts allowed the sale of shares Mallya held in…
A group of anonymous Maltese investors, who last week reportedly forked out 500,000 to save the Sicilian football club Calcio Catania from bankruptcy, are currently discussing the possibility of buying into the same club despite the embattled Serie C teams reported 65 million debt. While the Calcio Catania administration has failed to disclose the identity…
James Prentice, 41, from South Devon, was sentenced to 6 months imprisonment suspended for 2 years, ordered to carry out 150 hours of unpaid work and ordered to pay compensation of 4,500 to his victims. Exeter Crown Court heard Prentice was declared bankrupt in December 2014 and although he could continue working as a builder…
The recent Supreme Court ruling, confirming the amendment to Insolvency Bankruptcy Code allowing creditors to proceed against personal guarantors of defaulting companies to recover debt has not only opened up a new dimension in the corporate insolvency resolution, but also caused a furor among the promoter families. In Lalit Kumar Jain vs Union of India,…
A handsome country farmhouse stood on the road between St Leonards and Killafaddy, on the left side overlooking the North Esk when the area was known as Paterson’s Plains. Named Sidbury, it was the residence of Mr Robert Manley who came to the colony from England on the Magnet in 1828. He married Miss Anne…
Slough is facing a deficit of around 100million by next year (Picture: Getty Images/REX/Google Maps) After years of financial mismanagement and accounting errors, Slough Borough Council has effectively declared itself bankrupt and has begged the Government for help. Yesterday the local authority announced it had issued a section 114 notice, banning all non-urgent spending in…
By Tabita Diela, Bernadette Christina 3 Min Read JAKARTA, July 1 (Reuters) – Indonesian business groups on Thursday urged authorities to ensure there is enough financial support for companies, warning that otherwise new restrictions to tackle a surge in COVID-19 cases could result in layoffs and bankruptcies. The emergency curbs, which come into effect between…
Moneyweb Crypto Liquidators are encouraging MTI members to lodge claims, saying they will not be asked to pay contributions to the insolvent estate. Some of MTIs leaders are believed to have made hundreds of millions from the scheme. Image: Luke MacGregor/Bloomberg Collapsed bitcoin scheme Mirror Trading International (MTI) was placed in final liquidation this week…
James Prentice, 41, from South Devon, was sentenced to 6 months imprisonment suspended for 2 years, ordered to carry out 150 hours of unpaid work and ordered to pay compensation of 4,500 to his victims. Exeter Crown Court heard Prentice was declared bankrupt in December 2014 and although he could continue working as a builder…
SUDBURY — The Northern Ontario School of Medicine has received full accreditation of its MD program. The accredidation review was the first in Canada to be performed via virtual visit due to the COVID-19 pandemic. I congratulate NOSM faculty, staff and students who worked hard to maintain full accreditation of the MD program, said Dr.…