Mumbai: LIC Housing Finance (LICHF) has filed an application at the National Company Law Tribunal (NCLT) to initiate insolvency proceedings against DB Realty. The developer, in a notice to the stock exchange, said that the matter is pending in the NCLT and settlement talks are on between LICHF and DB Realty. The application pertains to…
Lufthansa Group has agreed to buy major parts of insolvent Air Berlin, including Austrian subsidiary Niki, regional unit Luftverkehrsgesellschaft Walter (LGW), along with an additional 20 aircraft, Air Berlin announced Thursday. According to Air Berlin, the 210 million purchase guarantees the preservation of all jobs at Niki and LGW and opens the prospect of employment…
The six-time grand slam tennis champion was declared bankrupt in June Boris could be forced to sell his Wimbledon trophies, which are among memorabilia he has been ordered not to remove from his £7million London He is also reportedly weighing up an appearance on British reality show I’m A Celebrity… Get Me Out Of Here!…
Moneycontrol News Providing relief to homebuyers, the Supreme Court today barred promoters of real estate company Amrapali Group from leaving the country without its permission and appointed an amicus curiae to oversee buyers interests. The bench headed by chief justice Dipak Misra issued notices to the company and sought its response within a fortnight on…
Image caption Carly Mackie had ignored hundreds of private parking notices A Dundee woman ordered to pay a private parking company £24,500 in unpaid charges has been declared bankrupt. Carly Mackie had ignored hundreds of parking tickets for leaving her car at Dundee’s Waterfront without a permit. Ms Mackie, 29, who now lives in Paisley,…
The Insolvency and Bankruptcy Board of India (IBBI) has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interests of all stakeholders. Insolvency experts have said that in case of real estate disputes, this will protect the rights of homebuyers who have invested…
Becker works as a Wimbledon commentator for the BBC and recently extended his contract with Eurosport, for whom he covers the three other Grand Slam events. Insolvency practitioners at London based Smith & Williamson have written to broadcasters demanding all future fees are used for the benefit of creditors. The report in a German newspaper…
A Dundee woman who was ordered to pay £24,000 in a landmark parking charge court ruling has been declared bankrupt. Carly Mackie, 28, then of Fintry, parked outside her parents City Quay home and ignored the almost-daily parking tickets left on her windscreen. She wrongly believed she was entitled to park her Mini in front…
KOCHI: The National Company Law Apex Tribunal (NCLAT) on Thursday quashed an order by the National Company Law Tribunal (NCLT) which passed a verdict in an insolvency case filed by a private firm against SmartCity authorities. The NCLAT’s verdict has come as a breather for the SmartCity project as many of its major functions, including…
By Alex Wolf Law360, New York (October 12, 2017, 7:19 PM EDT) — The trustee for an insolvent Russian bank investigating a purported link between funds embezzled by the banks former president and New York City real estate purchases won a bankruptcy court fight Thursday with the property buyers over the right to look deeper…