Don’t blame the nags for the financial woes of pharmacy guru Rohan Aujard – The Sydney Morning Herald

More than five years have passed since the former pharmacy czar and horse racing identity, Rohan Aujard, filed for bankruptcy.  But his financial penury is not about to end any time soon.  Horse racing played a big part in Nathan Tinkler’s downfall, but not for Rohan Aujard.  Photo: Jenny Evans For those whose memories have dulled with time, Aujard probably attracted more press…

HDIL shares rally 5% as Andhra Bank withdraws insolvency application against company – Moneycontrol.com

Housing Development and Infrastructure (HDIL) share price rallied 5.2 percent intraday Friday after part payment made by the company to Andhra Bank. Andhra Bank has withdrawn its insolvency application from the National Company Law Tribunal (NCLT) against HDIL as the realty firm has decided to settle outstanding dues. “The company has proceeded for settlement of…

Insolvency and Bankruptcy Code not to be amended: Government sources – Hindustan Times

The Insolvency and Bankruptcy Board of India (IBBI) has opined that sector-specific amendment cannot be done to the Insolvency and Bankruptcy Code (IBC), said government sources. They also ruled out any new provisions to protect homebuyers of real estate firms such as Jaypee Infratech and Amrapali Silicon City project. The housing ministry had recommended amendments…