Rodney Wallace, former director of Curio Bridal Boutique Ltd and Avalon Personnel Ltd received a total sentence of 27 months imprisonment and Pauline Wallace former director of Curio Bridal Boutique Ltd, received a sentence of ten months imprisonment suspended for two years, after pleading guilty on the first day of their trial at Birmingham Crown…
Monday July 31, 2017 Current government policy penalises the sector of the economy where there is the largest proportion of existing employment and the best prospects for future growth, argues John Wanna. The great Australian water swindle … Read the full article at: http://indaily.com.au/opinion/2017/07/31/federal-govt-keeps-backing-wrong-horse/
The Australian government is still protecting industries that employ a small number of people. This is while the largest employer, the services sector, is subject to the largest tariffs, a recent Productivity Commission report demonstrates. As a whole, manufacturing still receives 77% of net assistance, largely due to the remaining small levels of tariff assistance,…
bengaluru, July 28 Insolvency & Bankruptcy Board of India (IBBI) Chairman M S Sahoo today said the new Insolvency and Bankruptcy Code provided the ultimate economic freedom,the freedom to exit, and described it as the “biggest” economic reform in recent years. The code seeks to consolidate and amend laws relating to reorganisation as well…
Adelaide Friday July 28, 2017 EXCLUSIVE | The crisis-hit state Returned and Services League has staved off closure after creditors voted for a property fire sale today but that was despite the organisations National board spectacularly voting for liquidation, InDaily can reveal. The despair of the shrinking newsroom … Read the full article at: http://indaily.com.au/news/local/2017/07/28/rsl-national-voted-liquidate-state-branch/
SC added NCLAT doesnt have power to allow recording of consent terms between parties after the case is admitted in NCLT. The Supreme Court has held that corporate debtors and financial creditors can settle their dispute even after corporate insolvency resolution proceedings are initiated by the National Company Law Tribunal (NCLT) under the Insolvency and…
ANNETTE TURNBULL-DEW/FAIRFAX NZ Paul Hibbs, pictured in 2001, is due to appear in court on multiple SFO charges in August. A company linked to a man who ran what is alleged to be a significant ponzi scheme has gone into liquidation as another court date looms for the alleged fraudster. Paul Clifford Hibbs was last year…
The Kolkata Bench of the National Company Law Tribunal recently ruled that disclosure of the fact of initiation of proceedings under Section 138 of the Negotiable Instruments Act in not necessary while filing an Application for Insolvency under the Insolvency and Bankruptcy Code, 2016. It is to be made clear that the proceedings under section…
As Indian banks stagger under a wave of business defaults, some in Mumbai are hoping that their crisis could have the side-effect of catalysing a long-stagnant corporate bond market. Indias securities regulator last week suspended issuances of offshore rupee-denominated masala bonds, arresting the growth of the new asset class. The abrupt move was prompted by…