The World Bank has ranked India 136 for insolvency resolution in 2017, down from its position in 2016 despite the Indian governments hard push towards new insolvency laws. A new regime to deal with insolvency and bankruptcy has been established. In theory, it looks great. But the ills that plague Indias corporate world have not…
Analysts say that faster resolution of smaller cases would encourage investments in startups. In what could come as good news at a time when many startups are shutting operations, the Insolvency and Bankruptcy Board of India (IBBI) is considering a proposal to expedite the resolution of smaller and less complicated cases. This also includes those…
The Insolvency and Bankruptcy Board of India (IBBI) is considering a proposal to expedite the resolution of smaller and less complicated cases, and those involving start-ups within 90 days.We are putting out a draft on this issue in a day or two, IBBI chairman MS Sahoo told FE. A final decision will be made in…
VANCOUVER, April 17, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) provides an update to the interim liquidation order against three subsidiaries of the Company issued by a judge in Kimberley, South Africa, on March 23, 2017. The interim orders, which have yet to be confirmed in a final hearing, include Rockwell…
VANCOUVER , April 17, 2017 /CNW/ – Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI) provides an update to the interim liquidation order against three subsidiaries of the Company issued by a judge in Kimberley , South Africa , on March 23, 2017 . The interim orders, which have yet to be confirmed in a…
The Insolvency and Bankruptcy Board plans to fast-track the resolution process for “smaller cases”, including for startups, and complete them within 90 days. The Board has been set up under the Insolvency and Bankruptcy Code, which came into force from December 1, 2016. While a final decision is yet to be taken, the Insolvency and…
The Insolvency and Bankruptcy Board plans to fast-track the resolution process for “smaller cases”, including for startups, and complete them within 90 days. The Board has been set up under the Insolvency and Bankruptcy Code, which came into force from December 1, 2016. While a final decision is yet to be taken, the Insolvency and…
New Delhi: At least 35 corporate insolvency resolution processes are going on under the Insolvency and Bankruptcy Code, which is providing entities the “freedom to exit”, IBBI Chairperson M S Sahoo said today. The Code, which provides for market-determined and time- bound resolution process, is being implemented by the Insolvency and Bankruptcy Board of India…
New Delhi, Apr 15 At least 35 corporate insolvency resolution processes are going on under the Insolvency and Bankruptcy Code, which is providing entities the “freedom to exit”, IBBI Chairperson M S Sahoo said today. The Code, which provides for market-determined and time- bound resolution process, is being implemented by the Insolvency and Bankruptcy Board…
Colin Smith Philip James Whitley, now Philip Dale, in the Nelson District Court during his 2010 fraud trial. He was found guilty and sentenced to five years and three months’ imprisonment. A convicted conman who orchestrated a multi million-dollar fraud changed his name and took thousands of dollars from tiny house clients before putting the company…