The National Company Law Tribunal has ordered the start of insolvency proceedings against Jaiprakash Associates Ltd (JAL). This comes six years after lenders, led by ICICI Bank, first requested action. This information comes from a report in the Times of India.The decision will significantly affect the company’s real estate operations in Noida and Greater Noida,…
Aaron Salvestrin was once touted as a rising star of the industry. Photo: Sans Pareil. Griffith winemaker Aaron Salvestrin declared himself bankrupt just seven days after the Supreme Court ordered him to pay back several million dollars to creditors, an exclusive Region investigation has revealed. The 29-year-olds winery Sans Pareil Estate went into liquidation in…
The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Carl Williams widow Roberta…
Key Points Bankruptcy lasts for three years but the consequences can last much longer. Bankruptcy wont release you from all your debts. Always seek the advice of a financial counsellor. Bankruptcy is a legal process that helps you regain financial control by releasing you from most of your debts. It allows you to start fresh.…
Summary With government support instigated by the Covid-19 pandemic coming to an end, there is an inevitability that some hotel owners will sadly not have the liquidity to continue to operate in the medium term. Eager investors are seeing opportunities and are waiting to deploy capital. We examine the main considerations for investors who are…
Markets regulator Sebi has decided to tweak the criteria for determining ‘Fit and Proper Person’ and given its approval for the launch of silver exchange-traded funds (ETFs) in the country TopicsSEBI|silver ETFs|exchange traded funds Markets regulator Sebi has decided to tweak the criteria for determining ‘Fit and Proper Person’ and given its approval for the…
Dominic Gibbs has not made a post on Facebook or Twitter for more than six weeks. Numerous angry wedding couples say they are owed thousands of pounds, while former workers and contractors have also come forward to say they have not been paid. Mr Gibbs, who has been vocal on Facebook and Twitter in the…
10,317 individuals declared bankrupt during MCO period: Ismail Published on: Tuesday, September 28, 2021 By: Bernama Text Size: Quoting data from the Malaysian Department of Insolvency (MdI), Prime Minister Datuk Seri Ismail Sabri Yaakob said Selangor had the highest number of individuals declared bankrupt, at 2,555, followed by the Federal Territory (1,288 people) and Johor…
Quoting data from the Malaysian Department of Insolvency (MdI), Prime Minister Datuk Seri Ismail Sabri Yaakob said Selangor had the highest number of individuals declared bankrupt, at 2,555, followed by the Federal Territory (1,288 people) and Johor (792 people). Bernama pic KUALA LUMPUR, Sept 28 A total of 10,317 individuals have been declared bankrupt throughout…
A TOTAL of 10,317 Malaysians have been declared bankrupt from the onset of the Covid-19 pandemic in March 2020 to July 2021, Prime Minister Ismail Sabri Yaakob (Bera-BN) said. During the same period, about 1,246 businesses closed down for good due to the movement control order (MCO), Ismail said in a parliamentary written reply to…