NEW DELHI | MUMBAI: The threat of liquidation hangs over Jaypee Infratech after the Interim Resolution Professional (IRP) told the Supreme Court on Friday that the bankruptcy resolution process at the debt-laden realtor had failed to stitch together a revival plan before the clock ran out. According to the Insolvency and Bankruptcy Code, 2016, a…
Troubled Argentine downstream firm Oil Combustibles has been declared bankrupt, but will continue operations for 30 days while YPF, Trafigura and … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
Drivers in their thousands have been left without insurance cover after insurance firm Alpha announced it had gone bust. The drivers insured with their UK brands, Cover My Cab and Protector, received a text message stating: “Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect.” The text meant thousands of taxi drivers…
Troubled Argentine downstream firm Oil Combustibles has been declared bankrupt, but will continue operations for 30 days while YPF, Trafigura and … Subscriber-Only Content BNamericas develops thousands of news articles, analyses and features every month, always concentrating on how to make or save money in Latin American business. Unique ContentUp-to-the-minute and field-proven industry news in…
The bank identified the fraud early that year and Mr Vrettakos made a full confession but said he was not the only loan officer involved. Im not gonna sit there and cop it because, yes, I did wrong, but I wasnt the only one. I was taught how to do it, Mr Vrettakos said during…
For a man who literally lost everything his health, his wealth, his reputation and, for the better part of the past three years, his personal freedom Thomas Middelhoff appears remarkably at ease with himself. I get a taste of this even before we sit down. We realise we have both booked a table. I had…
Rosamund Pike has two children with former heroin addict Robie Uniacke, 57 The actress lives with the Old Etonian Mr Uniacke in Islington, north London Mr Uniacke, 18 years her senior, has been disqualified from being a company director after he failed to pay £179,602 to HMRC He has been banned for four years after admitting a…
Thousands of drivers have been left without insurance cover, after insurance firm Alpha announced it had gone bust. Drivers who were insured with their UK brands, Cover My Cab and Protector, received a text stating: Your taxi insurance policy with Alpha Insurance is cancelled with immediate effect. The text meant thousands of taxi drivers were…
NEW DELHI: The government has further revised the ordinance it proposes to move to make changes to the Insolvency and Bankruptcy Code (IBC). The updated note that will be sent to cabinet for approval is likely to restrict the wide exemption proposed earlier for micro, small and medium enterprises (MSMEs) from the provisions of Section…
HUNDREDS of gamers have been left out of pocket as popular but controversial UK online store Gameseek has gone bust. Customers got a letter out of the blue from an insolvency firm informing them that the firm was to be liquidated. Pre-order offers had been a mainstay of Gameseek’s business Gameseek had previously attracted criticism…