An insolvency court in Mumbai has ordered the liquidation of Bharati Defence and Infrastructure Ltd, after rejecting the resolution plan submitted by Edelweiss Asset Reconstruction Co Ltd, leaving two dozen defence vessels stranded and a clutch of lenders standing to lose as much as 11,373.40 crore the debt-laden shipbuilder owes them. More than 850 employees…
The Philippine business community was rocked on Jan. 8 by the announcement of the bankruptcy of Hanjin Heavy Industries and Construction Philippines the Korean shipbuilding company based in the country. The biggest corporate bankruptcy. This is the biggest corporate bankruptcy to ever hit the Philippines. Hanjin is the biggest foreign investor in the Subic Bay…
A Birmingham-based debt advisory firm has been bought out by personal insolvency provider Creditfix. B2C Finance, which trades as Back2Credit, is based near Sutton Coldfield. Glasgow-based Creditfix, which specialises in helping people manage personal debt, said the undisclosed deal would help it create 20 new jobs. Chief executive Paul Mason said: “We know it can…
The Lanco Infratech counsel made a similar point as part of argument during the hearings to determine whether the corporate debtor should be admitted for proceedings under IBC. By Mitali Salian Lanco Infratech, the flagship company of the Lanco Group and once among the larger private players in the field of power and infrastructure engineering,…
A long queue of people waiting to get into Yaohan Katong on the second day of its opening on Aug 28, 1977. The Japanese department store company opened at Plaza Singapura in 1974. In 1997, its parent company in Japan was declared insolvent. Photonico is a website offering high-quality stock photos that celebrate Asian contemporary…
Gymboree is expected to close all of its remaining stores, including 13 in metro Atlanta, as part of a new bankruptcy filing, according to media reports. READ | All metro Atlanta Pollo Tropical locations have closed The company previously declared bankruptcy in 2017, closing 450 stores, including locations in Atlanta, Kennesaw and Duluth. The metro…
PUBLISHED: 07:20 15 January 2019 | UPDATED: 07:26 15 January 2019 Marcus Bent in action for Ipswich Town against FK Sartid in the Uefa Cup. The former Town star has been declared bankrupt Picture: JAMES FLETCHER Former Ipswich Town striker Marcus Bent has been declared bankrupt in the High Court. … Read the full article…
A bankruptcy official pursuing dealings over a Dublin 4 house once bought by businessman Sean Dunne will have to allow a company to inspect some documents as part of its defence to High Court proceedings over the property, a judge ruled. However, official assignee in bankruptcy Chris Lehane is entitled to maintain a claim of…
ASTANA The Ministry of Finance presented Jan. 10 the draft law on improving rehabilitation and bankruptcy procedures of business entities at the Mazhilis (lower house of Parliament). Kanat Baedileov Approximately 4,000 business entities are undergoing the bankruptcy procedure and 400 enterprises are in need of rehabilitation The number of business entities in difficult financial situations…
EX-PREMIER League striker Marcus Bent has gone bankrupt owing millions in unpaid tax. The former Everton star, 40, who earned an estimated 10million from football, was made bankrupt in the High Court after failing to pay HMRC several large tax bills. Simon Jones – The Sun Marcus Bent was declared bankrupt by the High court…