Insolvency Advisory Accountants Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
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Numetal, Arcelor seek to cancel each other’s Essar Steel bid – Livemint
Section 29 (A) of the Insolvency and Bankruptcy Code bars defaulting promoters from participating in the corporate insolvency process, and
Are companies using Insolvency and Bankruptcy Code to subvert the system? – Moneycontrol.com
The Insolvency and Bankruptcy Code (IBC), which was introduced in 2016 to help financially-troubled corporates, is in fact giving banks
Fletcher Building debt holders not getting extra info after UK Carillion collapse – The Australian Financial Review
Ailing Fletcher Building is adamant its banking syndicate and US-based private noteholders owed a combined NZ$2.4 billion ($2.27 billion) aren't
KJT Group Appoints Four New Board Members – PR Newswire (press release)
HONEOYE FALLS, N.Y., April 4, 2018 /PRNewswire/ -- KJT Group is pleased to announce the appointment of four new members
JSW, ArcelorMittal submit bids for Essar Steel in 2nd round bidding – The Siasat Daily
New Delhi/Mumbai: In a battle for taking over insolvent Essar Steel, Sajjan Jindal-led JSW with Nu Metal submitted its bid
Bucharest Film Studios file for insolvency – Romania-Insider.com
Bucharest Film Studios, the former Media Pro Studios, a company that operates an important film studio at Buftea, near Bucharest,
Liquidators, owners carve up Toowoomba food empire – Bundaberg News Mail
THE group behind Junk, The Chelsea Bar, The Office have called in liquidators to carve up their assets. Worldwide Hospitality
Changes to Insolvency and Bankruptcy Code to be prospective, says Corporate Affairs Secretary Injeti Srinivas – Firstpost
New Delhi: With a high-level panel suggesting a slew of changes to the insolvency law, Corporate Affairs Secretary Injeti Srinivas
Woman who stole $46k from Flight Centre to pay son’s drug debt … – ABC Online
A Tasmanian women who stole money while she was a Flight Centre travel agent to repay her son's drug
Red Lea Chickens collapses into voluntary administration leaving 22 franchisees to find new suppliers – SmartCompany.com.au
Twenty-two franchisees face an uncertain future as administrators work to determine the fate of poultry producer and retailer Red Lea
DEBT HELP – Barbados Advocate
HELP is on the way for Barbadians who continue to run up high credit card and other debts. It is
Liquidation deadline looms for 11 firms referred to NCLT – Financial Express
Under the Insolvency and Bankruptcy Code (IBC), a company has to be liquidated if it fails to complete the insolvency