Growing trend in self-declared bankruptcy cases, says DG – Free Malaysia Today
Growing trend in self-declared bankruptcy cases, says DG Free Malaysia Today Read the original article here
IndusInd International assumes control of Reliance Capital as Anil Ambani's co withdraws petition – MSN
IndusInd International assumes control of Reliance Capital as Anil Ambani’s co withdraws petition MSN Read the original article here
Growing trend in self-declared bankruptcy cases, says DG – MSN
Growing trend in self-declared bankruptcy cases, says DG MSN Read the original article here
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Surge in self-declared bankruptcies worrying, says Insolvency DG
PUTRAJAYA: The rising trend of people declaring themselves bankrupt is a concern as it shows many are struggling with severe financial difficulties, says the Insolvency Department director-general Datuk M. Bakri Abd Majid. In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process to protect themselves from excessive…
Insolvency DG warns of rising trend in self-declared bankruptcy – The Malaysian Reserve
Insolvency DG warns of rising trend in self-declared bankruptcy The Malaysian Reserve Read the original article here
State-backed fund faces chop after pumping millions into failed medical company
“To date, there isn’t much evidence that Breakthrough Victoria will move the dial in a significant way, and there is a good argument for the funding to be redirected towards polices that more effectively achieve that outcome.” Shiffman, a tech investor and start-up founder, said that rather than using taxpayer money to take equity stakes…
Bankrupt 23andMe’s DNA Data Gets Sale Nod as Concerns Linger
(Bloomberg) — Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become a source of privacy and safety concerns amid the company’s collapse. Most Read…
Vedanta Group submits expression of interest to acquire Jaiprakash Associates through insolvency
Business conglomerate Vedanta Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group’s flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order…
Surge in self-declared bankruptcies raises concerns in Malaysia, insolvency chief warns | Malaysia
THE growing trend of individuals voluntarily declaring themselves bankrupt in Malaysia has become a significant concern, reflecting the financial struggles many are facing in the country. In a recent statement, Director-General of the Insolvency Department Datuk M Bakri Abd Majid revealed a sharp 200 percent increase in self-declared bankruptcy cases over the past year. In…