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Category Archives: Bankruptcy

Nathan Tinkler talks Knights, regrets and the Jets in new interview – Newcastle Herald

BankruptcyBy Insolvency GuardianJanuary 20, 2019

newsletters, editors-pick-list, NATHAN Tinkler says that while his time as the Hunters best known coal baron may not have gone to plan, he is not regretful of his tenure owning the regions two major sporting flagships. Speaking to yourmoney.com.au, Tinkler denied any wrongdoing in the appalling event of ICACs Operation Spicer hearings and said the…

No need to hear third party during insolvency admission: NCLAT tells NCLT – Business Standard

BankruptcyBy Insolvency GuardianJanuary 19, 2019

The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party other than the applicant who has taken a company to the NCLT and the company which is the corporate debtor itself. We may observe that except the applicant (financial…

Tanahu Hydro asks firms to start work – The Kathmandu Post

BankruptcyBy Insolvency GuardianJanuary 19, 2019

Jan 19, 2019- Tanahu Hydropower Limited has given a contract commencement date to the two companies hired for the execution of the 140MW Tanahu Hydropower Project. The project developer, a subsidiary of the state-owned Nepal Electricity Authority, on Wednesday directed CMC Ravenna of Italy and Sinohydro Corporation of China to mobilise workers for the project…

Businessman has two weeks to pay record £76m fine – Yahoo Sports

BankruptcyBy Insolvency GuardianJanuary 18, 2019

The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator. The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds…

If PG&E Goes Bankrupt, Who Benefits? Not Us. – Forbes

BankruptcyBy Insolvency GuardianJanuary 18, 2019

Bankruptcy Chapter 11by Nick Youngson As explored in PG&E Under Flame, Californias top utility is proving be a fascinating and frustrating case study of what happens when companies put profit over people. To recap; state authorities are heavily investigating PG&Es role in causing the Camp Fire that claimed at least 87 lives in November. Alongside…

Ukrinform – Ukrinform. Ukraine and world news

BankruptcyBy Insolvency GuardianJanuary 18, 2019

The banking system of Ukraine has made profit for the first time in five years. NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada, Ukrinform reports. There are 77 banks in Ukraine, including 4 state-owned and 22 banks with foreign capital. The banking system is not only stable, well-capitalized and transparent,…

Rolta faces financial woes, risk of insolvency looms – Geospatial World

BankruptcyBy Insolvency GuardianJanuary 18, 2019

Rolta India, which is among the leading IT and geospatial companies of the world, is in dire financial straits. The companys strategy to make itself debt free in India by divesting its global products and solutions business has failed, reported Hindu Business Line. Rolta planned to raise $25 billion(INR25,000 crore) by divesting to restructure bonds.…

Businessman has two weeks to pay record £76m fine – Yahoo News

BankruptcyBy Insolvency GuardianJanuary 18, 2019

The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator. The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds…

Romanian authorities say a two-kid family can live on EUR 550 per month – Romania-Insider.com

BankruptcyBy Insolvency GuardianJanuary 17, 2019

The Central Insolvency Commission, a Romanian state institution dealing with personal insolvency, has calculated that a two-parent family with two children, residing in the city, can live reasonably on RON 2,600 (EUR 557) per month. This is the minimum value of the consumer basket that provides a reasonable monthly living for a family of four,…

Govt mulls deemed admission of companies under insolvency law – Livemint

BankruptcyBy Insolvency GuardianJanuary 17, 2019

This move will reduce the burden on the NCLT to hear cases and pass an admission order and hence the tribunals can focus on the core issues of insolvency cases Mumbai: The government is mulling introduction of a procedure of deemed admission of companies under the Insolvency and Bankruptcy Code (IBC). In certain cases where…

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