NCLT keeps insolvency proceedings against Era Infra Engineering on hold – Livemint

More than 14 winding-up petitions are pending before the Delhi high court against Era Infra Engineering. Photo: Mint New Delhi: A special bench of the National Company Law Tribunal (NCLT) on Thursday reserved its ruling on whether to initiate insolvency proceedings against Era Infra Engineering Ltd, when winding-up petitions are pending against the company at…

Northcote poll gets nasty as candidate’s past trauma trawled – The Age

The crunch by-election in the state seat of Northcote is getting nasty with one candidate saying her recent past of marriage breakdown and domestic violence has been dredged-up an attempt to damage her chances. The Greens say the story of their candidate Lidia Thorpe’s bankruptcy four years ago was being “shopped around” Melbourne media outlets in recent days.…

No need for shareholder nod for insolvency resolution plan: Government – Economic Times

Updated: Oct 26, 2017, 10.38 AM IST The government is of the view that Insolvency and Bankruptcy Code (IBC) provides that the resolution plan will be binding on a company , its shareholders, lenders, employees, guarantors and other stakeholders if approved by NCLT. NEW DELHI: The government on Wednesday said insolvency resolution plans, such as…

UBI seeks insolvency proceedings against Era Infra – Financial Express

In his argument, Union Banks advocate said the IBC is a consolidating law relating to insolvency of corporate entities which provides for resolution of the corporate debtor before ordering liquidation. Citing legal precedents and rules under the Insolvency and Bankruptcy Code (IBC), Union Bank of India on Wednesday argued before the National Company Law Tribunal…

Anthony Joshua insists he will not follow Evander Holyfield and Mike Tyson in declaring bankruptcy: ‘400 million … – Daily Mail

Anthony Joshua, 28, is said to be worth more than £16.7million He is currently preparing to defend his heavyweight title for the fourth time Joshua insists he will not follow in the footsteps of previous heavyweights who have lost their earnings  By Mark Stainforth, Press Association Published: 02:48 AEDT, 26 October 2017 | Updated: 07:04…

Promoters well positioned to get back control of entities under insolvency: experts – Hindu Business Line

Practice of promoters to bid in bankruptcy or insolvency cases is prevalent in developing countries Mumbai, October 25:   As insolvency proceedings at some of 12 stressed accounts identified by the RBI earlier this year are moving forward, key question that has emerged is whether promoters of these companies are better placed to get back control…