Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted an insolvency petition filed by Pen India Pvt. Ltd. against Reliance Entertainment Studios Pvt. Ltd. over unpaid dues of ₹11.94 crore. The tribunal has appointed Umesh Balaram Sonkar as the interim resolution professional (IRP), who will now undertake the responsibilities prescribed under…
The director of three companies linked to more than 400 migrant workers, who were owed months of unpaid wages, has been declared bankrupt. According to a report by The Straits Times, a bankruptcy order was made against Ramu Palani Velu on Aug. 13. Ramu, who is an Indian national and Singapore permanent resident,…
An Indian national, who was a director of several companies owing wages to more than 400 migrant workers, has been declared bankrupt in Singapore, according to a media report. A bankruptcy order was made against Ramu Palani Velu on August 13, The Straits Times reported on Thursday. He is a Singapore permanent resident. Ramu is…
SINGAPORE: The director of several companies that owe wages to more than 400 migrant workers has been declared bankrupt. A bankruptcy order was made against Indian national and Singapore permanent resident Ramu Palani Velu on Aug 13. He is the director of seven local companies that provide air-conditioning, plumbing and building services. They include KPA…
Company director behind unpaid wages case involving 407 migrant workers declared bankrupt The Online Citizen Read the original article here
EY comments on Insolvency Service July 2026 company insolvency data | EY – UK EY Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Representational Image (IANS) Singapore: An Indian national, who was a director of several companies owing wages to more than 400 migrant workers, has been declared bankrupt in Singapore, according to a media report. A bankruptcy order was made against Ramu Palani Velu on August 13, The Straits Times reported on Thursday. He is a Singapore…
Access Denied You don’t have permission to access “http://www.ndtv.com/world-news/indian-national-declared-bankrupt-in-singapore-over-unpaid-wages-to-migrant-workers-11938503” on this server. Reference #18.a558d617.1787275609.11f615dd https://errors.edgesuite.net/18.a558d617.1787275609.11f615dd Read the original article here
Arthur and Terry Tzaneros’ ACFS Port Logistics owes creditors including the Australian Taxation Office more than $270 million, illustrating the task the family faces in trying to pull it out of administration. The container logistics empire fell into administration this month, sending shock waves through the freight industry. Loading… Read the original article here