Insolvency Guardian Media Centre
“The adjudicating authority has not committed any infirmity in not allowing the CIRP of the corporate debtor (PepsiCo) to be initiated solely on the basis of the claim of the contested and unsubstantiated interest component,” said a three-member NCLAT bench.
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NCLAT dismisses insolvency plea against PepsiCo India Moneycontrol
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Artwork Holdings Ltd, formerly Yield Gallery Limited, described itself as “contemporary art specialists offering the purchase and investment of artwork to the public”
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Insolvency Service investigations into the company found conflicting accounts as to whether it was trading, inaccurate accounts, and a suspected under-payment of VAT and corporation tax
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The company has been shut down by the High Court, with the Official Receiver appointed as liquidator
A company with two London art galleries which marketed itself as selling works by famous artists such as Banksy, Andy Warhol and Tracey Emin has been shut down.
Artwork Holdings Ltd traded under the banner of Yield Gallery, which described itself…
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Yorkshire and Humber sees drop in insolvencies and start-ups Rotherham Advertiser
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“It was a dispute amongst the shareholders about Coupon Rights,” said Prakash Bajpai, founder and chief executive of Tikona Infinet, in a statement. “I am glad to inform that a settlement agreement has been executed already, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to NCLT is under…
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Also Read | Court orders reset bankruptcy rules. Now, the govt is amending the law
A system of advance ruling on bankruptcy-related laws similar to that existing for income tax would also help, it said in recommendations to the government after studying the working of Insolvency and Bankruptcy Code (IBC).
It said a dedicated IBC mediation and arbitration centre, expanding the scope of the existing informal debt resolution framework for micro, small and medium businesses and a special set of measures including a fast-track scheme for bankruptcy resolution of defunct companies, could speed up the way India addresses sickness among businesses and fetch better outcomes.
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A twice-bankrupt businessman whose podcast has featured celebrities and sports personalities has had a multi-million pound worldwide asset freezing order imposed by the High Court.
Matt Haycox, a self-styled investor, mentor and philanthropist, is facing a fraud claim by a Manchester-based investor and former Conservative Party donor related to two vehicles of an insolvent peer-to-peer lending group called Huddle.
A judge ordered a £5.6 million asset-freezing injunction against Haycox, 44, based in Dubai, last year. He has since been warned of contempt of court, the risk of imprisonment and having assets seized if he disobeys court orders, including to attend a hearing in person.
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Johnson Winter Slattery (JWS) has appointed Alistair Fleming as a partner in the firm’s Restructuring & Insolvency team. He will be based in Perth.
Alistair practises in corporate restructuring and insolvency and commercial litigation. He advises on all aspects – both contentious and non-contentious – of informal and formal insolvency and restructuring processes, and on transactions involving corporate disputes or financial distress.
He regularly advises companies, directors, financiers, external administrators, hedge funds, creditors, investors and restructuring professionals across most industry sectors. In addition, Alistair has a strong general corporate litigation practice.
Commenting on Alistair’s appointment, JWS…
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“It was a dispute amongst the shareholders about Coupon Rights,” said Prakash Bajpai, founder and chief executive of Tikona Infinet, in a statement. “I am glad to inform that a settlement agreement has been executed already, which will settle all disputes amicably between LTF Limited and the other majority shareholders. A withdrawal application to NCLT is under…
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More Painful Than Combat: 91% of Veterans Say Debt Worsens PTSD In a New Study from National Debt Relief StreetInsider
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The UAE’s well-capitalized and liquid banks stand ready to provide funding if capital markets become unsupportive, ensuring stability
Abu Dhabi and the UAE federal government will issue more than $8 billion of local currency debt this year to support the establishment of a domestic yield curve, a new report suggests.
S&P Global Ratings anticipated anticipated that Abu Dhabi is preparing to issue local currency debt as part of an ongoing initiative to develop the UAE domestic debt capital markets.
Overall, S&P Global Ratings expects individual emirates and the UAE federal government to issue approximately $18 billion of local currency debt in 2025, slightly down from $19 billion in 2024. About 55 percent of that will be used for…