After the bench of the National Company Law Tribunal (NCLT) declared Amrapali and Jaypee as insolvent companies, the plight of home buyers, who are struggling for possession, has worsened. This insolvency declaration, among other things, has made Greater Noida Authority powerless in terms of intervention (from the home buyers side). Now, Greater Noida Authority has…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
NEW DELHI: Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed Sanjay…
Written by Khushboo Narayan | Mumbai | Published:October 6, 2017 1:25 am Tech Mahindra and the three ADAG firms had signed a two-year service agreement in 2015. Tech Mahindra Ltd, one of Indias leading software services firms, has dragged three Reliance Anil Dhirubhai Ambani Group (ADAG) firms to the National Company Law Tribunal (NCLT) under…
Updated: October 6, 2017 1:04 am The entire IBC process is time-bound. On admission of the CIRP application by NCLT, a resolution professional is appointed for conducting the process and the proposed resolution plan is approved by a CoC. The Insolvency and Bankruptcy Code 2016 (IBC) has been hailed as a landmark legislation by the…
New Delhi: Ultra Homes an Amrapali Group company has gone in for insolvency resolution. Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed…
By Ann O’Loughlin A debtor cannot seek a court review of a rejection of their proposed personal insolvency arrangement because the law requires any such review must be applied for by their Personal Insolvency Practitioner, the High Court has ruled. Ms Justice Marie Baker’s findings have implications for hundreds of cases which stand adjourned pending…
BORIS Becker is selling his Wimbledon trophies amid claims his debts have hit £44million. The BBC pundit, 49 three-time champ in the 1980s hopes his trio of silver gilt cups will net £1million. Splash News Boris Becker is claimed to have reached debts of £44million The move comes months after the German tennis legend, once…
Tennis great Boris Becker is reportedly selling his Wimbledon trophies, amid claims the German ace has racked up debts in excess of £54million. Becker, 49, was once worth £30million. But three months ago her was declared bankrupt over money owed to a bank. Now magazines Stern and Bunte claim that declaration was merely the start,…