Supreme Court sustains Mzomeras bankruptcy case: Political future hang by the thread f – Nyasa Times

The Supreme Court of Appeal Justice Rezin Mzikamanda has sustained the bankruptcy order onMzimba Hora legislator the Reverend Christopher Ngwira. Mzomera: Not off the hook Ngwira, a former deputy Cabinet minister in former president Bingu wa Mutharikas administration, was declared bankrupt in June this year after allegedly failing to pay $75 222.06 (about K55 million)…

Jobs to be created as personal insolvency firm acquires debt management business – The Business Desk

The UKs largest personal insolvency provider is set to create jobs following the acquisition of a Birmingham-based debt management business. Creditfix has expanded its range of debt relief solutions by acquiringB2C Finance, trading as Back2Credit, a debt advisor based in Birmingham, in a move which is to create 20 jobs for the city. Creditfix has…

Ex-Middlesbrough FC striker Marcus Bent declared bankrupt after cocaine-fuelled fall from grace – Gazette Live

Former Boro striker Marcus Bent has been declared bankrupt, capping off a spectacular fall from grace. The 40-year-old starred for Everton, Crystal Palace and Leicester, reportedly pocketing close to 1m-a-year at his Premier League peak. However public records show the skint ex-player has been forced to declare himself bankrupt in the High Court. The move…

Glass business Sunpartner Technologies files for insolvency – pv magazine International

French BIPV glass manufacturer Sunpartner is seeking buyers for its two businesses after starting insolvency proceedings due to the lack of short-term funding. January 14, 2019Emiliano Bellini French PV glass technology company Sunpartner Technologies has filed for insolvency. The company said in a statement on its Linkedin account it is seeking buyers for its two…

NCLT helped creditors recover Rs 80k cr, Rs 70k cr more to be realised by March-end: Arun Jaitley – Moneycontrol.com

Finance Minister Arun Jaitley Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely to be realised by March-end. Accusing the Congress of leaving behind a legacy of an “anachronic system” of resolving commercial insolvency, Jaitley said the NDA government acted…

NCLT admits insolvency plea against Parsvnath Landmark, appoints RP – Livemint

NCLT appoints Yash Jeet Basrar as an interim RP to run the corporate insolvency resolution process of Parsvnath Landmark Developers. Photo: Ramesh Pathania/Mint New Delhi: The National Company Law Tribunal (NCLT) has given its approval to start the insolvency proceedings against realty firm Parsvnath Developers subsidiary, which is developing a housing project in the national…