High Court ruling brings good news for insolvent debtors wanting to pursue reviews of creditor rejections – Evening Echo Cork

By Ann O’Loughlin A High Court ruling means good news for about 400 debtors anxious to pursue court reviews of creditors rejections of their proposed personal insolvency arrangements. Ms Justice Marie Baker today rejected arguments by banks and other creditors that such reviews are exclusively a matter for a debtor’s personal insolvency practitioner (PIP) and…

Bill Lewski pays zero to walk away from $190m suit, investors get zip – The Sydney Morning Herald

Controversially forgetful businessman Bill Lewski has paid nothing to walk away from $190 million in civil claims brought against him, his fellow directors and advisers to retirement village outfit Prime Trust. The founder of Prime Trust, Bill Lewski, gifted $60 million reaped from a controversial deal with Babcock and Brown to his sons.  Fairfax Media…

Bhushan Steel auction: JSW Steel, Tata Steel, company’s employees interested bidders – Business Today

The much delayed insolvency resolution proceedings for Bhushan Steel has finally made it to the second stage. Bids for the debt-ridden company were submitted day before yesterday-after being pushed back multiple times-and the highest bidder is expected to be announced tomorrow. In the running are JSW Steel, Tata Steel and a group of employees of…

Battery dealer Smartphone withdraws insolvency plea against RCom – Hindu Business Line

In another relief for debt-laden Reliance Communications, Mumbai-based Smartphone has withdrawn a petition seeking insolvency of the company filed before the National Company Law Tribunal (NCLT). The petition, filed under Insolvency and Bankruptcy Code (IBC), was withdrawn on Friday. Smartphone is a wholesale dealer of batteries and had supplied to telcos, including RCom. The Mumbai…