The Insolvency and Bankruptcy Code, 2016, has been construed as a complete code. Based on that construction and noting that the code contained no provision expressly making the Limitation Act applicable, and as the act could not be considered as applicable by necessary implication, time-barred debts were allowed to trigger insolvency proceedings. To remedy this,…
In a seemingly unprecedented order, the National Company Law Tribunal, Mumbai bench rejected an application filed by a corporate debtor under Section 10 of the Insolvency and Bankruptcy Code(IBC) with Rs.10 lakhs costs, on finding that it was filed suppressing winding up order passed against it by the High Court. The suppression was detected almost…
Image copyright HMRC Image caption From left to right: Hedayat, Shahab and Shahin Hashtroudi, who were jailed at Southampton Crown Court Three businessman brothers who led an expensive lifestyle while making 3m in a series of tax scams have been jailed. Shahab, Shahin and Hedayat Hashtroudi failed to pay VAT and stole income tax and…
A university admin worker has declared bankruptcy, almost six years after she told a group of students to leave an indigenous-only computer lab at the Queensland University of Technology. Cindy Prior became the subject of a nationwide debate around racial discrimination when she told a handful of QUT students to leave the lab in May…
The bankrupt former owner of a Victorian waste facility has appealed after being slapped with a 90-day jail sentence for breaching fire safety orders at the debris-laden site. David McAuliffe, who now lives in the Whitsundays, was bailed on Friday afternoon by Geelong Magistrates Court. McAuliffe breached Victorian Civil and Administrative orders on three occasions…
news, local-news, NEWLY released statistics show Newcastle had the most new personal insolvencies for the December 2018 quarter in regional NSW, despitelevels falling across other parts of thenation. Statistics released by the federal governments Australian Financial Security Authority (AFSA) also feature Wyong, which the authority classifiesas part of greater Sydney region,as having a high number…
NEW YORK, Jan. 31, 2019 /PRNewswire/ –Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited from February 2, 2016 through December 5, 2018, inclusive (the “Class Period”) of the important March 4, 2019 lead plaintiff deadline in the first filed case commenced by…
A UNIVERSITY admin worker has declared bankruptcy, almost six years after she told a group of students to leave an indigenous-only computer lab at the Queensland University of Technology. Cindy Prior became the subject of a nationwide debate around racial discrimination when she told a handful of QUT students to leave the lab in May…
Cows with gums: Bendigo and Adelaide Bank for once loses a case bought by a Great Southern agribusiness investor due to shambolic paperwork. (Photo: Kat Jayne) A NSW court has dismissed loan recovery action by Bendigo and Adelaide Bank against an investor in several Great Southern Plantations schemes. It is not the first time the…
NEW YORK, Jan. 31, 2019 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. reminds investors that class action lawsuits have been commenced on behalf of stockholders of The Goldman Sachs Group, Inc., Nova LifeStyle, Inc., Yangtze River Port and Logistics Limited, and YRC Worldwide Inc. Stockholders have until the deadlines listed below to petition the…