‘It is time for them to put faces to their company’ – Farmers on war footing over vulture fund forced sales – Independent.ie

IFA farm business chairman Martin Stapleton welcomed the move by BidX1 and also called on vulture funds to engage directly with the IFA and farmers to resolve debt issues. “Farmers have to be given a fairer period of time to repay their debts. IFA is sick of dealing with endless intermediaries on behalf of these…

Bharati Defence And Infrastructure Ltd – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate … – The Hindu BusinessLine

Sub: Update on NCLT hearingWe wish to inform you that during the hearing dated 12th September 18 of CP No. (IB) 292 (MB)/2017 in the matter of Bharati Defence and Infrastructure Ltd., the Honourable NCLT, Mumbai has passed an interim order stating that any prospective Resolution Applicant who intends to file an Application relating to…

Imperial Commences Financial and Business Restructuring Process – GlobeNewswire (press release)

VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) — Imperial Metals Corporation (Imperial or the Company) (TSX:III) commences a financial and business restructuring process. As of the close of business on September 14th Imperial completed the following actions: Extension of the due date of the Companys Secured Revolving Senior Credit Facility of $200 million from…

Daiichi moves NCLT to stay insolvency plea against Singh brothers’ company RHC Holding – The Hindu BusinessLine

Multinational pharmaceutical company Daiichi Sankyo and HDFC Bank are at logger heads with each other to ensure that they are not denied their rightful money by erstwhile Fortis promoters, the Singh brothers. In the latest twist of the tale, Daiichi has moved the National Company Law Tribunal (NCLT) to stay insolvency proceedings of RHC Holdings,…

Restaurateur jailed for running companies while disqualified – GOV.UK

Following a joint investigation by the Insolvency Service and the Metropolitan Police, Sarkis Agop Kouyoumdjian (55), of Kensington High Street, West London, appeared at Southwark Crown Court on Friday 14 September where he also received a nine year directorship disqualification. The court heard that in November 2011, Sarkis Kouyoumdjian voluntarily accepted a disqualification undertaking in…

Corporate insolvency risk industries – The CEO Magazine (blog)

In the world of corporate insolvency, the list of industries at the highest risk of insolvency has changed very little over the last ten years. According to ASICs Insolvency Statistics, of the over 11,000 corporate insolvencies in Australia annually, 76% come from five industries: Construction (19%), Accommodation and food services (10%), Retail trade (7%), Transport…

Katie Hopkins applies for insolvency agreement to avoid bankruptcy after losing libel case – The Independent

Katie Hopkins has applied for an insolvency agreement in a last-ditch attempt to avoid bankruptcy after losing a libel case to food writer and poverty campaigner Jack Monroe. The controversial columnist was ordered to pay Monroe £24,000 in damages and legal costs in March last year after the High Court ruled comments the rig… Read…