Business leaders may increasingly find themselves falling afoul of the law, with an insolvency specialist warning that a looming credit squeeze could see the volume of such cases increase rapidly. Ginette Muller (pictured), of insolvency firm Jirsch Sutherland, said that the property downturn and banking royal commission are weighing heavily on banks and lenders, which…
NOIDA: The 3C Company on Thursday became the third major Noida-based developer after Jaypee and Amrapali to become embroiled in insolvency proceedings. In response to a plea by buyers who have not received their flats, the National Company Law Tribunal (NCLT) appointed an interim resolution professional to resolve the financial liabilities of Granite Gate Company,…
newsletters, editors-pick-list, Martin Building Services, liquidation, builder, Denis Martin, James Shaw, Shaw Gidley, insolvency ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and…
Corporate restructuring & advisory Excellent service and legal advice from a team specialising in insolvency delivering an amazing client experience for major high street lenders, insolvency practitioners and companies in the UK. Our team of skilled national corporate restructuring lawyers has a broad range of experience across the full spectrum of insolvency related matters, with…
The Fair Work Ombudsman (FWO) and Australian Tax Office (ATO) will be given new powers to pursue company directors trying to skip out on paying their employees in the event of insolvency under laws that have passed the House of Representatives. The reform, which is expected to pass through the Senate, aims to crack down…
Debt: Why more people are pressing the bankruptcy button By Kevin Peachey Personal finance reporter 20 January 2017 Image copyright Thinkstock A hug, a dance and a song is hardly the reaction you would expect from someone just about to be declared bankrupt. The threat of losing your home, a year of financial restrictions, three…
This has reference to earlier intimation dated 19th July, 2018 regarding admission of application for initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016(IBC) by the Honble National Company Law Tribunal (NCLT), Kolkata Bench and subsequent appointment of Interim Resolution Professional (IRP) in our Company as per…
If youre struggling with problem debt and dont know what to do, the Insolvency Service of Ireland can help get you back on track. The independent government organisation has a range of solutions, depending on your level of debt. When you contact them they will put you in touch with a debt advisor either a…
The Company informs that the Ninth (9) Meeting of Committee of Creditors of Ricoh India Limited under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 was held yesterday i.e Wednesday, 9th January 2019. This is a Post Facto intimation of the Committee of Creditors Meeting.…
10:50 10/01/2019 MOSCOW, January 10 (RAPSI) The Moscow Commercial Court has extended for six months bankruptcy proceedings against a former co-owner of Vneshprombank Georgy Bedzhamov charged with embezzlement, according to court records. As of today, asset disposal has not been completed, and settlements have not been performed with creditors, the debtors financial manager Lyubov Kireyeva…