Jaiprakash Associates lenders approved Rs 936.27 crore cash outflow for the current quarter to keep the company operational during insolvency proceedings. The company is also cooperating with the Enforcement Directorate. New Delhi, May 25 (PTI) Lenders of Jaiprakash Associates have approved budgeted cash outflow of Rs 936.27 crore for the current quarter to ensure that…
Liz Porter, 54, who has bought a home after being bankrupt in her 20s. An Aussie IT manager has detailed the startling string of events that led her into bankruptcy and how she managed to turn things around and become a successful investor and homeowner. Liz Porter was told she would never amount to anything…
Reliance General Insurance, a subsidiary of Reliance Capital recently acquired by IndusInd International Holdings Ltd (IIHL), posted a 12.5% increase in net profit to Rs 315 crore for the financial year ended March 2025, as the company recovers from nearly three years under insolvency proceedings.The company’s Gross Direct Premium (GDP) rose 7.4% year-on-year to Rs…
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UK Supreme Court confirms broad scope of fraudulent trading provision under s.213 Insolvency Act 1986 Mayer Brown Read the original article here
Founded in 1994 as a specialist insolvency and restructuring firm, Friel Stafford continues to be one of the busiest insolvency practices in the country, according to Tom Murray, a partner. “2024 was another very busy year for our insolvency and restructuring teams. “Even in the best of economies, companies face challenges and difficulties, and we…
As soon as it becomes clear the company you work for is winding down and taking your job with it, it’s time to start collecting documentation, like records of employment, T4s and contracts or letters describing your pay, commission and vacation, said Neena Gupta, a Waterloo, Ont.-based partner at Gowling WLG. Read the original article…
Home Entertainment Amitabh Bachchan once went bankrupt and it affected Mukul Dev’s career in Bollywood due to… Do you know that Amitabh Bachchan’s production house had signed Mukul Dev for his… Scroll down to read more. Bollywood actor Amitabh Bachchan is the epitome of versatility. The actor has been contributing to Indian cinema for decades.…
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The collapse of Builder.ai exposes the growing threat of “FOMO investing,” according to an expert in tech growth intelligence. Builder had become one of Britain’s best-funded startups, but is now filing for bankruptcy due to financial problems. The insolvency comes after enormous sums were invested into the business. Big-name backers including Microsoft and Qatar’s sovereign…