Insolvency row: Liberty House highest preferred bidder for Amtek Auto India – Business Standard

Liberty House, part of Sanjeev Gupta’s global industrial group GFG Alliance, has been chosen as highest preferred bidder for Amtek Auto’s assets, which include 35 automotive component plants across India, Japan, Thailand and Spain, employing 6,000 people. The announcement of Liberty House as the successful preferred bidder was made in the committee of creditors…

UltraTech takes fight for Binani Cement to NCLT after bid rejection – Business Standard

The Aditya Birla groups UltraTech Cement moved the National Company Law Tribunal (NCLT) in Kolkata on Tuesday against the resolution professional for Binani Cement after its bid for the cement company undergoing insolvency proceedings was rejected. The Kumar Mangalam Birla company had earlier served a notice to the resolution professional asking for details on…

Deposit guarantee company collapses – Australian Broker

Deposit guarantee company Deposit Power is now under external administrators following the placement of Auckland-based CBL Insurance into interim liquidation. External administrators from Chifley Advisory were appointed to the company last week. Deposit Power acted as an authorised manager and agent of CBL Insurance which provided all the deposit guarantee bond products sold by Deposit Power…

Coronation Street star Michael Le Vell ‘is declared bankrupt as he struggles with six-figure tax bill and £200k in … – Daily Mail

By Ryan Smith for MailOnline Published: 12:02 AEDT, 7 March 2018 | Updated: 12:03 AEDT, 7 March 2018 e-mail View comments Coronation Street star Michael Le Vell has reportedly been declared bankrupt, after allegedly being slapped with a six-figure tax bill and  £200,000 in legal fees. The 53-year-old actor, who is said to earn £250,000 a…