Mumbai: The National Company Law Tribunal adjourned the hearing of insolvency petitions filed against Reliance Communications to early next month after a group of the telecom operators lenders sought time to consider converting the companys loans into equity. The joint lenders forum managing the recast of RComs debt will have a meeting this month-end, the…
Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company and put it into administration, Elio Bricola from…
Dipak Mondal New Delhi Last Updated: December 18, 2017 | 20:43 IST Arvind Gawda, a resident of Pune, has taken his employer Zeel Global Projects Private Limited to the National Company Law Tribunal (NCLT) and started a bankruptcy proceeding against it for non-payment of salary amounting to Rs 1.5 lakh. The NCLT has admitted the case as Zeel…
Kieron Pinard-Byrne, left, and Lennox Linton. The leader of the opposition in Dominica looks to be heading closer to bankruptcy as a long-running defamation lawsuit continues. Lennox Linton, leader of the United Workers Party, was ordered to pay £26,000 (US$35,290) to Kieron Pinard-Byrne. This sum was set by the Privy Council in April 2017. The…
The Court of The Hague in The Netherlands has declared Interstate Tire & Rubber BV insolvent. According to an official document, the court reached this decision on 30 November 2017. Proceedings will be conducted under case number F.09/17/429, with J.A.M. Reuser appointed as case curator. Further official information regarding the insolvency has not yet been…
MICHAEL Cyran was 24 when his skull cracked against concrete and his life changed forever. On the one hand, he was lucky to pull through after doctors gave him a 30 per cent chance of survival following emergency surgery at Royal Perth Hospital which involved removing part of his brain in the early hours of…
By DK Aggarwal In a major step to bring in reforms to Indias ailing banking system, the apex bank and the government are taking measures to clean-up the balance sheets, with the latest effort being the asset quality review conducted by the RBI in December 2015 and the promulgation of the Insolvency and Bankruptcy Code…
BY TONY SII Kerowagi MP Bari Palma has given an early open invitation to those who want to challenge the electoral seat to do so at the polls in the 2022 national election. He said this last Friday immediately after the National Court of Disputed Returns dismissed the election petition by Francis Siune who disputed…
London (AFP) – Ryanair has invited pilot unions across Europe for talks on their recognition, the Irish no-frills airline said Friday as it faced strike action in Italy ahead of planned walkouts elsewhere. Strike-hit Ryanair calls talks on union recognition “Christmas flights are very important to our customers and we wish to remove any worry…
It was dismissed because the allegations of Palma being insolvent or bankrupt was not made out in the petition. Petitioner Francis Kikin Siune filed the petition on two grounds. The first was on errors and omission on the part of Electoral officials in accepting the nomination of Palma to stand for public office at the…