Bankrupt rugby rep accused of fraud – BusinessDesk
Bankrupt rugby rep accused of fraud BusinessDesk Read the original article here
Update: Italy’s new restructuring and insolvency law | Latin America | Global law firm
Introduction In our Q3 2021 issue of the International Restructuring Newswire, we provided an overview of the main features of Italy’s New Code of the Business Crisis and Insolvency (the New Code). We noted that the unpredictability of the evolution of the COVID-19 pandemic caused the Italian Government to postpone for one year (from August…
Insolvency vs Cheque Bounce: Bombay HC Clarifies Liability
Facts This case involves a criminal writ petition filed by Ortho Relief Hospital and Research Centre against M/s. Anand Distilleries and its Directors. The petitioner, a hospital, had extended a short-term loan of Rs. 15,00,000/- to the respondents in October 2015. Towards security, the respondents issued a post-dated cheque for the same amount. The petitioner…
at a high level, but losing steam
Macroeconomic environment for businesses The French economy is confronted with a weakening in demand… Domestic and foreign demand for French goods and services is losing steam. While demand contributed 2 percentage points (pp) to GDP growth between 2022 and 2024, it slowed significantly in 2025 (−0.6 pp at the end of the second quarter). This…
Company shut down as front for illegal insolvency work
Following an investigation by the Insolvency Service, Davis Acquisitions Ltd, based in Manchester, has been shut down after the company became the director of 78 companies and provided unauthorised insolvency services, avoiding formal insolvency procedures and director conduct scrutiny. Davis Acquisitions, owned by director Christopher Davis, 53, was incorporated in March 2023 but acted as…
This Company Went Bust by Over-Relying on Influencer Collabs. Here’s How It Made a Comeback – inc.com
This Company Went Bust by Over-Relying on Influencer Collabs. Here’s How It Made a Comeback inc.com Read the original article here
Company shut after acting as front for illegal insolvency work
Following an investigation by the Insolvency Service, Davis Acquisitions Ltd, based in Manchester, has been shut down after the company became the director of 78 companies and provided unauthorised insolvency services, avoiding formal insolvency procedures and director conduct scrutiny. Davis Acquisitions, owned by director Christopher Davis, 53, was incorporated in March 2023 but acted as…
Insolvency and Bankruptcy Code, 2016 – GKToday
The Insolvency and Bankruptcy Code, 2016 (IBC) is a comprehensive and unified legislation enacted to consolidate and amend laws relating to insolvency, reorganisation, and bankruptcy in India. It provides a time-bound and transparent framework for resolving insolvency of companies, limited liability partnerships (LLPs), partnerships, and individuals.The Code represents a landmark reform in India’s financial and…
Employees’ State Insurance Amount Lying with Corporate Debtor Not Part of Liquidation Estate: NCLAT [Read Order]S
The Principal Bench of the National Company Law Appellate Tribunal (NCLAT) at New Delhi recently clarified that the Employees’ State Insurance (ESI) amount lying with a corporate debtor during liquidation proceedings is not part of the liquidation estate as per the Insolvency and Bankruptcy Code, 2016 (IBC). The ruling was rendered by the appellate tribunal…
Envy’s ex-directors seek bankruptcy after being found liable for breach of duties in nickel trading fraud
Judicial Commissioner Mohamed Faizal finds that Lee Si Ye and Ju Xiao had breached their duties as directors of Envy group of companies [SINGAPORE] A director of the insolvent Envy group of companies at the heart of the billion-dollar nickel trading scam has been declared bankrupt, following a court ordered her and eight others to…