In its offer, AMIPL set out a detailed industrial plan for the debt-laden steel maker to address its operational issues and to improve its performance and profitability. ArcelorMittal on Monday said that its subsidiary ArcelorMittal India Pvt Ltd (AMIPL) has submitted an offer for Essar Steel India Limited in line with the corporate insolvency resolution…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
ROCKHAMPTON civil and minesite construction company Busby Contracting Pty Ltd has gone into voluntary liquidation owing more than $2 million to creditors, employees and the tax office. The decision to wind the company up came at a general meeting held in Brisbane on February 5. Busby Contracting Pty Ltd had been involved in mines including…
A file photo of the Reserve Bank of India in Mumbai. The Insolvency and Bankruptcy Code, 2016 was passed in May 2016, changing the legal framework for insolvency resolution in India. Photo: Aniruddha Chowdhury/Mint On Tuesday evening, the CEOs of some of Indias biggest banks were on a panel discussing the changing banking landscape, at…
The Charities Regulator has that said up to 40 Irish charities may have lost money after an online company that collected money for them went into liquidation. The company, Pembroke Dynamic Internet Services, had a liquidator appointed two weeks ago after it failed to satisfy a debt owed to the Revenue Commissioners. Following the appointment…
The Charities Regulator has that said up to 40 Irish charities may have lost money after an online company that collected money for them went into liquidation. The company, Pembroke Dynamic Internet Services, had a liquidator appointed two weeks ago after it failed to satisfy a debt owed to the Revenue Commissioners. Following the appointment…
Law Commission of India vide its 124th Report[1], while highlighting the issues of multiplicity of jurisdictions with High Courts, pendency of cases, multiplicity of stages of appeal/ review/ revision under the Code of Civil Procedure, and need of having specialized bodies to deal with specialized matters, recommended for setting up of specialized Tribunals. This paved…
Mentioning about instances of the professionals charging high amounts for services, Sahoo urged them not to delegate, outsource, overcharge or engage related parties. Don’t try to take Rs 14 crore from a default of Rs 2 crore…, he said, adding that remuneration should be charged in a transparent manner. His position is quite unique compared…
Dr M.S. Sahoo, chairperson of Insolvency and Bankruptcy Board of India. Photo: Indranil Bhoumik/Mint New Delhi: Sending out a strong message, Insolvency and Bankruptcy Board of India (IBBI) chairperson M.S. Sahoo on Saturday said insolvency resolution professionals should not look for ready-made solutions and desist from overcharging for their services. Against the backdrop of concerns…