Aussie post production company that worked on Hollywood films collapses with nearly $4million debt – MSN
Aussie post production company that worked on Hollywood films collapses with nearly $4million debt MSN Read the original article here
Coin Avoids Final Liquidation After Green Light for Capital Increase
Coin is entering a new phase. The Italian department store company has received approval from the Court of Venice that will allow it to carry out a capital increase of more than €30 million, Milano Finanza reported. Despite the fact that the new shareholders were already closed since the end of April, the company still…
Aussie post production company that worked on Hollywood films collapses with nearly $4million debt – MSN
Aussie post production company that worked on Hollywood films collapses with nearly $4million debt MSN Read the original article here
Insolvency Bill may be deferred – India News
The tabling of the Bill to amend the Insolvency and Bankruptcy Code (IBC) in the upcoming monsoon session of Parliament now looks uncertain, given that “there has been no consultations with stakeholders till date on the draft Bill,” according to an official source. The ministry of corporate affairs has not yet prepared the final Bill,…
Inquiry into corporate insolvency omits elephant in the room
With the government last month announcing that the Parliamentary Joint Committee on Corporations and Financial Services would begin an inquiry into corporate insolvency in Australia, iNO sought the views of stakeholders and interested experts on the Inquiry’s Terms of Reference. “At a higher level of policy, I think the inquiry is an opportunity to revisit…
Essentially Tiles, Stourbridge goes into liquidation
Philip Ballard, of Ballard Business Recovery, was appointed voluntary liquidator for Essentially Tiles last month. He in turn has instructed Kumar and Company to auction off the company’s assets. The Walsall-based chartered surveyors, valuers and auctioneers are running an online auction sale, which continues until next Thursday (July 17). Along with the tiles, two forklift…
Canara Bank drops fraud label on Rs 1,050 cr RCom loan after Bombay HC case
Canara Bank has informed the Bombay High Court that it has withdrawn its classification of industrialist Anil Ambani’s loan account as ‘fraudulent’. This decision comes after Ambani’s Reliance Communications, along with its unit, was initially labelled as such due to allegations of misappropriating a Rs 1,050 crore loan, news agency PTI reported. The funds, sanctioned…
Canara Bank drops fraud label on Rs 1,050 cr RCom loan after Bombay HC case
Canara Bank has informed the Bombay High Court that it has withdrawn its classification of industrialist Anil Ambani’s loan account as ‘fraudulent’. This decision comes after Ambani’s Reliance Communications, along with its unit, was initially labelled as such due to allegations of misappropriating a Rs 1,050 crore loan, news agency PTI reported. The funds, sanctioned…
Secured Creditor Is Obligated To Contribute Towards Workmen's Dues When Security Interest Is Realised… – Live Law
Secured Creditor Is Obligated To Contribute Towards Workmen’s Dues When Security Interest Is Realised… Live Law Read the original article here
IBBI Tightens Insolvency Rules To Curb Asset Misuse – BW Businessworld
IBBI Tightens Insolvency Rules To Curb Asset Misuse BW Businessworld Read the original article here