MUMBAI: An arbitration court has restrained Reliance Communications (RCom) from selling or transferring assets without its permission, and set June 9 as the date for the next hearing, dealing a blow to the Anil Ambani-owned telcos efforts to pare debt by March end under a plan driven by its lenders. We direct the Claimant (RCom)and…
Over the last two years, the courts have overturned 78 decisions by creditors to refuse personal insolvency arrangements for those in severe debt and at risk of losing their homes. There are a further 500 cases in the pipeline, according to Justice Minister Charlie Flanagan. In November 2015, the section 115a court review process came…
Over the last two years, the courts have overturned 78 decisions by creditors to refuse personal insolvency arrangements for those in severe debt and at risk of losing their homes. There are a further 500 cases in the pipeline, according to Justice Minister Charlie Flanagan. In November 2015, the section 115a court review process came…
As much as I want to worship myself as an exceptionally thorough and diligent investor the fact is Im still guilty of one basic investing sin: I haven?t adequately evaluated the CEOs and board of directors of some of the companies I own. I can understand if it sounds like a weak confession, but the recent high-profile…
CASH WOES Maureen Leslie, of MLM Solutions, was appointed to take control of the former Leicester City defenderss assets and debts FORMER footie ace Callum Davidson has been declared bankrupt with debts of £323,000. The ex-Scotland star, 41, went bust owing the taxman after investing in a controversial movie production scheme. Callum Davidson has racked…
IndusInd Bank Ltd. has invoked 6 crore pledged shares, which make up about 4.32 percent stake, of the crisis-hit Jaypee Infratech Ltd. These shares were held by Jaypee Infratechs promoter Jaiprakash Associates Ltd., which is the flagship company of debt-ridden Jaypee Group. The group is facing protest from homebuyers for significant delays in completing of…
THE financial tables have turned in a dramatic way with more people going into insolvency in Noosa than Nambour, latest figures show. The Federal Government’s Australian Financial Security Authority has released the latest regional statistics for personal insolvency for the final months of 2017. Most regions saw a reduction in insolvencies in the December quarter…
Creditors of insolvent German airline Air Berlin are considering whether to sue its major shareholder Etihad for billions of euros in damages, a spokesperson for the airline’s insolvency administrator, Lucas Floether, says. The creditors’ committee is scheduled to meet on Monday to discuss putting the claim forward. German newspaper Sueddeutsche Zeitung reported that Floether expected…
Mris Sprds declined to tell BNS who had posted bail when he was released on Feb. 16. Attorney Jnis Rozenbergs, however, confirmed on Friday that Sprds’ bail was posted by the latter’s brother. According to the database at Firmas.lv, Kristaps Sprds owns, in full or in part, several companies, including the law firm MAX Grup,…
Armands Rasa, the insolvency administrator of Trasta Komercbanka, has been paid 2.9 million for his services, as creditors who have little chance of recovering their assets have voted to pay Rasa 30% of the recovered money, reported LTV’s De Facto March 4. “Please explain to me how you can earn so much money in such little…