Gordon, Murdoch in legal challenge to Ten takeover – The Sydney Morning Herald

Billionaire Network Ten backer Bruce Gordon and the Murdoch family’s 21st Century Fox have each made last-ditch pushes to thwart the purchase of the failed network by America’s CBS. Lawyers for Mr Gordon are arguing that administrators should have considered selling the business to Mr Gordon’s private company Birketu and Lachlan Murdoch’s Illyria Nominees Television which…

Watch them: Firms fight hard to fix debt mess, but insolvency axe looms – Economic Times

Domestic lenders have launched aggressive steps to start insolvency proceedings against the companies named in the Reserve Bank of Indias second list of defaulters recommended for insolvency proceedings. While many of the companies named in the second list are making desperate attempts to get their debt restructured, top lenders are preparing to file insolvency proceedings…

Jaypee Infratech insolvency case: Supreme Court is walking a tight rope as home buyers enter the fray – Firstpost

On 4 September, a Supreme Court bench comprising Chief Justice Dipak Misra and Justices Khanwilkar and Chandrachud granted an interim stay on the order of National Company Law Tribunals (NCLT) bench at Allahabad in the insolvency case against Jaypee Infratech, an infrastructure and real estate company. The NCLT had ordered the proceeding under the Insolvency…

90% of home buyers are unaware of the impact of insolvency on their developers, reveals Magicbricks Consumer … – Realty Fact (press release) (subscription) (blog)

Share Tweet Share Share Email With some top developers in the National Capital Region (NCR) filing for insolvency, a Magicbricks Consumer Choice Poll revealed that about 90% of investors are unaware of their rights and how they are impacted when their developer is declared insolvent. Magicbricks, conducted the poll (sample size of 900) to get insights into…

Fortis Insolvency selects encompass verify – Bobsguide (press release)

Business and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Manchester based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues. The only provider of simultaneous, real-time access to multiple…

Insolvency, Companies bills to be laid before Parliament – Graphic Online

The Corporate Insolvency Bill, which is expected to provide a framework for restructuring viable but temporarily distressed businesses and the New Companies Bill, which includes a clause on beneficial ownership, are expected to be laid before Parliament soon, the Ghana Association of Restructuring and Insolvency Advisors (GARIA) has indicated. Currently, the two bills are…