Back when Diamond first filed for bankruptcy on Jan. 14 the question on everyone’s minds was whether Diamond would survive. It looks like we’re heading toward the answer, and it’s not the one a lot of people expected. At the same time, the bankruptcy case has taken an unexpected turn, one that has publishers up…
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The insolvency appellate tribunal NCLAT has set aside NCLT‘s direction to change the resolution professional of debt-ridden Hindusthan National Glass Industries (HNG) and asked it to take a decision on the bids as per the Supreme Court‘s directions. A three-member NCLAT bench gave a go-ahead to the Kolkata Bench of the National Company Law Tribunal…
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German court refers question of insolvency avoidance to European Court of Justice Taylor Wessing Read the original article here
This page either does not exist or is currently unavailable. From here you can either hit the “back” button on your browser to return to the previous page, or visit the ABCNews.com Home Page. You can also search for something on our site below. STATUS CODE: 404 Read the original article here
HMRC Company Voluntary Arrangements service contributes to the support of businesses in temporary financial difficulties. Conditions for supporting a proposal We consider voluntary arrangements on a case-by-case basis, and will vote to supportproposals where: debtors are honest in their financial disclosure an optimised and achievable offer is made to creditors provision is made for payment…
South Korean crypto platform Delio declared bankrupt, owing $1.75 billion Cryptopolitan Read the original article here
R3, the UK’s restructuring, turnaround, and insolvency trade body, noted a decline from 223 in May to 163 in June. This includes administrator and liquidator appointments and creditors’ meetings. Nationally, the South East ranks sixth in insolvency-related activities, behind Greater London, the North West, East Anglia, the West Midlands, and Yorkshire & Humberside. Despite this,…