R3 Midlands Chairman Chris Radford In the face of a mixed financial and economic outlook, the East Midlands entrepreneurial spirit appears not to have been dampened. Latest statistics from insolvency and restructuring trade body R3 highlight a net quarterly increase of around 2,000 East Midlands firms since the beginning of May, with the total number…
The curators of Mooy Logistics, Martijn Vermeeren and Bas Ebels, have submitted their first bankruptcy report to the courts. This progress report indicates that Mooy Logistics’ creditors have, for the time being, filed claims for more than EUR13,5 million. The trustees suspect that not all the creditors have not yet come forward. The acquiring parties paid…
NEW DELHI: There is fresh confusion over voting rights for home buyers in real estate companies, such as Jaypee Infratech and Amrapali, despite the Insolvency and Bankruptcy Board of India (IBBI) issuing a circular, mandating that only those who have submitted claims of their property will be treated as part of the electoral college (committee…
Katie is losing grip of her funds (Picture: Getty) Katie Price might be facing insolvency in a little over a month if she doesnt repay her debts, however the woman apparently has been looking at some new money-making avenues. After breaking things off with boyfriend Kris Boyson, the mother-of-five was spotted dancing up a storm…
Katie Hopkins has applied for an insolvency agreement in a last-ditch attempt to avoid bankruptcy after losing a libel case to food writer and poverty campaigner Jack Monroe. The controversial columnist was ordered to pay Monroe £24,000 in damages and legal costs in March last year after the High Court ruled comments the rig… Read…
Taking exception to the use of its name, the Insolvency and Bankruptcy Board of India (IBBI) has suspended the licence of an insolvency professional. The insolvency professional, Kapil Goel, had registered his company as IBBI Insolvency Practioners LLP. The company was incorporated in November 2017. When the regulator saw this,…
IFA farm business chairman Martin Stapleton welcomed the move by BidX1 and also called on vulture funds to engage directly with the IFA and farmers to resolve debt issues. “Farmers have to be given a fairer period of time to repay their debts. IFA is sick of dealing with endless intermediaries on behalf of these…
Sub: Update on NCLT hearingWe wish to inform you that during the hearing dated 12th September 18 of CP No. (IB) 292 (MB)/2017 in the matter of Bharati Defence and Infrastructure Ltd., the Honourable NCLT, Mumbai has passed an interim order stating that any prospective Resolution Applicant who intends to file an Application relating to…
VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) — Imperial Metals Corporation (Imperial or the Company) (TSX:III) commences a financial and business restructuring process. As of the close of business on September 14th Imperial completed the following actions: Extension of the due date of the Companys Secured Revolving Senior Credit Facility of $200 million from…
Multinational pharmaceutical company Daiichi Sankyo and HDFC Bank are at logger heads with each other to ensure that they are not denied their rightful money by erstwhile Fortis promoters, the Singh brothers. In the latest twist of the tale, Daiichi has moved the National Company Law Tribunal (NCLT) to stay insolvency proceedings of RHC Holdings,…