Raashid Khan (26) has been disqualified as a director for 12 years after fraudulently claiming 50,000 through the Bounce Back Loan Scheme (BBLS) before transferring the full amount out of the companys account to himself just days before his company went into administration. Khan, from Birmingham, was director of Ikandy Wholesale Ltd, which bought and…
{{featured_button_text}} CHARLESTON A 10-year-old girl was rescued Sunday from the Embarras River after her kayak had capsized. According to a news release from the Lincoln Fire Protection District, emergency crews were dispatched to County Road 420 North in Coles County around 11:05 a.m. after learning that a girl was stranded on a log in the…
One of the most contentious resolutions under the Insolvency and Bankruptcy Code (IBC) is that of Dewan Housing Finance, a case that involved one of the largest declared loot by a promoter right under the gaze of the bankers, auditors, credit rating agencies and a so-called board of directors. The RBI, which had failed to…
A waste dump that became so choked withrubbish it was declared a “catastrophic fire risk”is now halfway to being cleared as tough new “waste crime” laws give authoritiesextra powers. Key points: The site inGeelong has frustrated authorities and prompted emergency plans for a nearby school Too much asbestos was found in the waste for any…
Law360, London (June 21, 2021, 7:01 PM BST) — A former solicitor and ex-director of Claims Direct PLC, who made millions before it eventually collapsed, deceived the company into handing over 9.75 million ($13.5 million) for a stake in his law firm, a judge ruled. Brian Rawling, sitting as a judge at the High Court…
{{featured_button_text}} CHARLESTON A 10-year-old girl was rescued Sunday from the Embarras River after her kayak had capsized. According to a news release from the Lincoln Fire Protection District, emergency crews were dispatched to County Road 420 North in Coles County around 11:05 a.m. after learning that a girl was stranded on a log in the…
21 June 2021 Consultancy.uk 1 min. read Restructuring consultancy Buchler Phillips has appointed Jo Milner as a Partner. The move sees her return to the firm after 25 years working at a range of large professional services firms, including PwC. Commenting on the news, Buchler Phillips co-founder and Chairman David Buchler said, Its great to…
Asuransi Jiwa Kresna (Kresna Life) has been declared bankrupt by the Supreme Court which granted a petition for the insurer’s bankruptcy on 8 June 2021. The petitioners were six Kresna Life customers. Other clients though are seeking a judicial review of the bankruptcy decision so that it could be overturned. They want Kresna Life to…
Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives business failures as it becomes a reform by, for and of the stakeholders, according to IBBI Chairperson M S Sahoo. Little over five years after its enactment, the Insolvency and Bankruptcy Code (IBC), which provides…
The chief executive of the Legal Aid Board (LAB) has said it is clearly unhealthy for one barrister, Keith Farry, to be given the vast majority of personal insolvency cases by personal insolvency practitioners (PIPs), which are then funded by the state. The board is considering using its powers to force PIPs to use other…