Five former directors of a food firm have been disqualified following the managing director’s purchase of gold bullion “for his sole benefit”. The family members were banned from being company directors for a total of 16 years after an Insolvency Service investigation into Bradford-based Greentabs Ltd, known as Mumtaz Food Industries. The Insolvency Service said…
GUWAHATI: The Opposition Congress in Assam has demanded a CBI probe into the alleged coal syndicate operating in the state, while calling for constitution of an all-party House committee to probe into allegations of syndicates raj in other items. Addressing a press conference here, Leader of Opposition in Assam legislative Assembly Debabrata Saikia said, There…
Twelve cash-strapped colleges received secret government bailouts totalling more than £11 million in December. It perhaps demonstrates a significant increase in the amount of money being dished out to struggling colleges and has prompted demands for greater transparency. The figures were published by the Department for Education as part of a scheduled release detailing monthly…
The co-founder of luxury bridal house Pallas has bought back the business out of administration, preserving most of its 30 jobs. Pallas creditors on Wednesday approved a deed of company arrangement floated by Joy Morris, the designer behind the business, saying it represented the best option for employees. Under the deal, Ms Morris will pay…
The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…
The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…
NEW DELHI:The government has introduced the concept of fair value for bankrupt companies undergoing resolution and an evaluation matrix for applicants under the Insolvency and Bankruptcy Code, bringing in more clarity and transparency in the insolvency resolution process. The amended rules for the insolvency resolution process for corporate persons have made it mandatory for resolution…
Announcement by Insolvency Service takes total to 2,240, but more than 900 jobs have gone A defaced Carillion sign outside Royal Liverpool hospital. Photograph: Christopher Furlong/Getty Images Another 1,200 people who worked for the government contractor Carillion when it collapsed into liquidation last month have been told they will keep their jobs, in the latest…
Grant Taylor | The West Australian Thursday, 8 February 2018 12:26PM The closed Cooper & Oxley construction site at Curtin University.Picture: Megan Powell. Embattled building firm Cooper and Oxley has formally gone into administration, appointing insolvency firm Hall Chadwick to take over the day to day running of its operations. Hall Chadwick said in a…
EMBATTLED building firm Cooper and Oxley has gone into administration, appointing insolvency firm Hall Chadwick to take over the day to day running of its operations. Hall Chadwick said in a statement that it was now assessing the financial position of the company, including the projects it had underway. But the statement also said Cooper…