The Centre is looking to tighten the noose around shady transactions at companies undergoing bankruptcy proceedings committed by previous managements, two people aware of the plans said. The government is working with the Insolvency and Bankruptcy Board of India (IBBI) to find ways to identify and examine such transactions more thoroughly, in an effort to…
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The official committee of unsecured creditors in First Brands Group insolvency case includes an affiliate to Raistone, one of the fiercest critics of the bankrupt auto-parts supplier, according to a Thursday court filing. Raistone, which provides short-term financing and relied on First Brands for more than 80% of its revenue, has demanded a court-appointed examiner…
Katie Price is set to lose almost half of her monthly income to pay off her debts as a judge said she must reduce her ‘extravagant’ spending habits. The former glamour model, 47, was first declared bankrupt in 2019 and again last year. Her financial woes were so severe she owed the taxman £750,000 and…
The legal dispute between actor Salman Khan and gym equipment maker Jerai Fitness has finally been settled after both parties submitted consent terms before the National Company Law Appellate Tribunal (NCLAT). The issue began when Salman Khan entered into a trademark licensing agreement with Jerai Fitness through his fitness brand Being Strong. The partnership started in…
Katie Price is set to lose almost half of her monthly income from multiple companies to pay off creditors after a judge said she must reduce her “extravagant pattern of expenditure”. The former glamour model was first declared bankrupt in 2019 and again last year. Both bankruptcies have since been discharged, but she remains the…
Katie Price faced more financial woes as she was told to pay almost half her earnings to creditors after being declared bankrupt for a second time last year Katie Price has been dealt a new blow when it comes to her finances(Image: Getty Images) Katie Price is set to lose almost half of her monthly…
Katie Price has been told to cut her ‘extravagant’ spending as she is set to lose almost half of her monthly income from multiple companies to pay off creditors Callum Parke PA Law Reporter 14:29, 09 Oct 2025 Katie Price (Image: Getty Images) Katie Price is on the brink of forfeiting nearly half of her…
The former glamour model was first declared bankrupt in 2019 and again last year. Both bankruptcies have since been discharged, but she remains the subject of a court order known as an income payments order (IPO), meaning she must pay 40% of her monthly income from several companies to the trustee of her bankruptcies until…
The bankruptcy of the US car parts company First Brands Group puts UBS in a bad light. The bank made massive investments through a subsidiary. Investors lose a lot of money. KEYSTONE The bankruptcy of the US car parts supplier First Brands is also causing difficulties for UBS. A subsidiary has invested massively and is…