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Insolvency Professional Jitesh Gupta Arrested in Best Foods Money Laundering Case, ETLegalWorld

New Delhi, The Directorate of Enforcement (ED) has arrested Jitesh Gupta, an insolvency professional, under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, on Wednesday. Gupta had acted as interim resolution professional/resolution professional (IRP/RP) in the Corporate Insolvency Resolution Process (CIRP) of M/s Homestead Infrastructure Development Pvt. Ltd. and M/s Golden Peacock…

Proud Poppy calls in administrators

Proud Poppy Clothing has become the latest Australian fashion brand to hit the wall and appoint administrators.  Kathleen Vouris, Richard Albarran and Marcus Watters of Hall Chadwick have been appointed to oversee the administration process, with an initial meeting called for August 17 next week. Creditors wishing to attend are advised that proofs and proxies…

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