Harju County Court declared the bankruptcy of Aktsiaselts Nordic Aviation Group, which ran the Nordica airline, on Tuesday. The bankruptcy order is subject to immediate enforcement. An appeal can be submitted within 15 days, but it will not suspend the enforcement of the order. Attorney-at-law Tarmo Peterson and Indrek Lepsoo from the Rask law firm…
“The Reserve Bank has today superseded the board of directors of Aviom India Housing Finance Private Limited (the company) owing to governance concerns and defaults in meeting various payment obligations, and appointed Shri Ram Kumar, ex-Chief General Manager of Punjab National Bank, as the Administrator under Section 45-IE(2) of the Reserve Bank of India Act,…
Source: Business Times Article Date: 28 Dec 2024 Author: Tay Peck Gek This comes after the family agreed to pay US$3.5b to the court-appointed liquidators of the company and top creditor HSBC. Hin Leong’s founder Lim Oon Kuin and…
Former prime minister Nawaz Sharif’s son Hasan Nawaz Sharif. — AFP/File LONDON: Hasan Nawaz Sharif has been declared bankrupt by the London High Court, according to the court papers. Hasan Nawaz — the younger son of former prime minister Nawaz Sharif — has been declared bankrupt in a tax and liability case of the UK…
BANKRUPT Katie Price has revealed her plans to make £500million in the next three years. Former glamour model Katie, 46, has revealed in her podcast, The Katie Price Show, that she wants to have made £500m by 2028. 5 Katie Price has shared her plans for making £500m in the next three yearsCredit: Splash 5 The…
Ministry delists 26 bankrupt private security firms Khmer Times Read the original article here
R3’s analysis of Creditsafe data showed a minor drop from 211 in November to 203 in December. This figure, which includes administrator and liquidator appointments and creditors’ meetings, is significantly lower than October’s 293, the highest since March 2022. The South East’s insolvency-related activities are the sixth highest in the UK, behind Greater London, the…
The National Company Law Appellate Tribunal (NCLAT) on Monday set aside a plea against HUL, filed by an operational creditor seeking initiation of insolvency proceedings against the FMCG major. The appellate tribunal has upheld an order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on September 5, 2024 had set…
(Bloomberg) — Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits. The proposed settlement — worth more than $8 billion — wrongly denies ovarian cancer victims the right to pursue their claims in court, lawyers…
German energy retailer Otima declares itself insolvent as energy crisis bites Reuters.com Read the original article here