As the Reserve Bank of Indias (RBI) deadline to resolve large stressed assets ends on Monday, as many as 60 stressed loan accounts worth over Rs 3 lakh crore stare at insolvency proceedings. This is a direct impact of the central banks circular released on February 12. Bankers are attempting to resolve the non-performing assets…
V Rishi Kumar The National Company Law Tribunal (NCLT), Hyderabad has extended the duration of the corporate insolvency resolution process period for IVRCL Ltd by an additional 90 days beyond the original 180 days. The decision follows a resolution passed in a meeting of the Committee of Creditors (CoC) of the Hyderabad-based construction and infrastructure…
German shipbuilder Nordseewerke Emden Shipyard (NES) had filed for insolvency as its deal to provide cruiseship hull blocks for Meyer Werft ends. A spokesman for the district court in Aurich confirmed the Wednesday move to Gottinger Tageblatt. NES has 80 workers. Former owners of the site had declared the yard insolvent in 2012 and 2015.…
Date: 24.08.2018 Victorian Police find some of Hennessy Transports prime movers and trailers as questions emerge about pre-liquidation sale of business A truck bearing Hennessy Transport livery Victorian Police have located some of the vehicles missing from Hennessy Transport…
Date: 24.08.2018 Victorian Police find some of Hennessey Transports prime movers and trailers as questions emerge about pre-liquidation sale of business A truck bearing Hennessy Transport livery Victorian Police have located some of the vehicles missing from Hennessy Transport…
Advertising Feature Money worries: Nearly one in three Australians are feeling financially stressed, so if you are drowning in debt, the first step is to work out if bankruptcy is right for you. If you are facing severe money-troubles, in no way are you alone. In fact, according to The Australian Financial Security Authority, there…
AUGUST 24, 2018Updated 3 HOURS AGO Tim Murphy Tim Murphy is co-editor of Newsroom. He writes about politics, Auckland, and media. Twitter: @tmurphynz Show more boardroom … Read the full article at: https://www.newsroom.co.nz/2018/08/23/206523/daughter-takes-mum-dad-to-supreme-court
Former Premier League striker Carlton Cole has been declared bankrupt following his retirement from competitive football in March of this year. As reported by The Sun, the now 34-year-old was given the verdict by London’s High Court on June 27th, despite earning a reported £30,000-a-week at the height of his playing career, although now hopes his recent plight…
Mumbai: Indias dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings by setting aside property attachment claims of state-run utilities or operational creditors that have not been paid their dues by bankrupt private-sector borrowers. The National Company Law Tribunals (NCLT) Allahabad bench said that district authorities cant prevent the sale…
Carlton Cole has been declared bankrupt despite earning millions over a 16-year career playing in the Premier League and for England. Most known for his time at West Ham, Cole once earned up to £30,000 per week. The 34-year-old was told of the verdict at London’s High Court and hopes his desperate situation can be…