Newcastle leads the pack in personal insolvencies | Newcastle Herald – Newcastle Herald

NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…

NCLT appoints IRP to carry out Amtek Auto insolvency process – Times of India

New Delhi, Jul 27 () The National Company Law Tribunal (NCLT) today appointed an interim resolution professional to carry out the insolvency process of debt-ridden auto component maker Amtek Auto, according to a regulatory filing. “NCLT, Chandigarh has today…appointed Dinkar Tiruvannadapuram Venkatsubramanian as an interim resolution professional (IRP) for carrying out the CIRP (corporate insolvency…

National Company Law Tribunal admits insolvency case against ABG Shipyard – Financial Express

With the NCLT admitting ICICI Banks petition against ABG Shipyard, the companys board of directors will be dissolved. The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Tuesday admitted the insolvency petition against ABG Shipyard filed by ICICI Bank under the Insolvency and Bankruptcy Code (IBC). The bench has appointed Sundaresh Bhat of…