Economic Survey 2018: Claims worth Rs 3.13 trn under insolvency proceedings – Business Standard

Claims worth Rs 3.13 trillion, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today. The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most are…

Claims worth Rs 3.13 lakh cr under insolvency proceedings: Economic Survey – Business Line

Claims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the prebudget Economic Survey said today. The Economic Survey 201718, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most are either…

Claims worth Rs 3.13 lakh cr under insolvency proceedings – Zee Business

Claims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today. The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most are either…

Conman Peter Foster declared bankrupt after failing to pay up to ACCC – The Sydney Morning Herald

Almost four years after his SensaSlim product was found to be a scam, career con artist Peter Foster has been declared bankrupt after failing to cough up his dues.  Foster, who is currently in remand on charges relating to a separate con, was fined $660,000 by the Federal Court in April 2014 after an ACCC investigation found that SensaSlim Australia was…

Peter Foster, one of Australia’s most notorious scammers, has been declared bankrupt – Business Insider Australia

Serial conman Peter Foster, currently on remand in a NSW prison, awaiting trial over unrelated fraud charges involving a betting scam, has been declared bankrupt because he failed to pay court costs over a scam weight loss program known as SensaSlim. The Federal Court declared Foster bankrupt last week on an application from the Australian…

German unit of Canadian battery company Electrovaya declares insolvency – The Globe and Mail

Electrovaya Inc. says its Litarion subsidiary in Germany has begun insolvency proceedings as a result of a cash shortage that arose after its automotive customers took longer than expected to place large battery orders. Mississauga, Ont.,-based Electrovaya says it doesn’t expect Litarion’s insolvency will affect the parent company’s ability to fulfil current and future customer…