BRIEF-BSE To File Proceedings Against 7 Defaulting Listed Cos Under Insolvency And Bankruptcy Code – Reuters

Dec 12 (Reuters) – BSE Ltd: * BSE TO FILE PROCEEDINGS AGAINST DEFAULTING LISTED COMPANIES UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 * PROCEEDINGS FILED AGAINST 7 DEFAULTING COS BEFORE NCLT, MUMBAI ON ACCOUNT OF THEIR FAILURE TO PAY ANNUAL LISTING FEES OVER PERIOD OF TIME * SIMILAR ACTION BEING ENVISAGED AGAINST OTHER COMPANIES TOO *…

OSM Partners appoint four new senior associates – Irish Legal News

Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices. We would like to congratulate Andrew, Claire and Julie…

Ericsson ropes in CDB counsel Darius Khambata in fight against RCom – Economic Times

MUMBAI: Equipment maker Ericsson has roped in senior counsel Darius Khambata to represent it in its insolvency petition against Reliance Communication (RCom) at the National Company Law Tribunal (NCLT). Khambata is also representing China Development Bank (CDB) in its insolvency plea against the Anil Ambani owned company to recover dues worth $1.78 billion (Rs 11,460…

OSM Partners appoint four new senior associates – Irish Legal News

Pictured (l-r): Partners Richard OSullivan and Declan Murphy with new senior associates Claire Colfer, Julie Sweeney, Raymond Lambe and Andrew Croughan OSM Partners has announced the appointment of four new senior associates within the firms corporate and commercial litigation, mortgage litigation, property, and personal insolvency practices. We would like to congratulate Andrew, Claire and Julie…

OrotonGroup administrators confident of sale or recapitalisation – The Australian Financial Review

OrotonGroup feared it was in danger of collapse five months before falling into voluntary administration owing $40 million, raising questions about the company’s disclosure to shareholders. According to documents filed by Deloitte, which was appointed administrator on November 30, OrotonGroup engaged the accounting firm on June 29 to assess the company’s financial position, with a…

The State of the Nation: Stepping up efforts to bring down the insolvency rate – The Edge Markets MY

LAST year, there were 19,588 personal insolvency cases. Simply put, 0.06% of Malaysias population of 32 million were bankrupt. That, Malaysia Department of Insolvency (MdI) director-general Datuk Abdul Rahman Putra Taha says, is not an alarming figure, although any number of bankruptcy cases is undesirable for any country. The fact is that as the population…