By Martin Croucher ( December 5, 2024, 12:36 PM GMT) — Company bosses and their insurers could face increased claims next year both from a predicted rise in corporate insolvencies and class actions, Allianz warned Thursday….
Insolvency Guardian Media Centre
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Popular liquidation company opens storefront in Las Vegas MSN
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‘Very disappointing’: Unpaid work sends 40-year-old company to the wall The Press
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Jaiprakash Associates, facing insolvency proceedings, has an outstanding loan of Rs 55,526 crore as on November 10, 2024. The company is under the Insolvency and Bankruptcy Code (IBC).
New Delhi, Dec 5 (PTI) Crisis-hit Jaypee Group’s flagship firm Jaiprakash Associates, which is facing insolvency proceedings, has a total outstanding loan of Rs 55,525.89 crore as on November 10, 2024.
In a regulatory filing on Thursday, Jaiprakash Associates Ltd (JAL) informed the “total amount of outstanding borrowings from banks/financial institutions on a provisional basis” stood at Rs 55,525.89 crore as on November 10, 2024.
JAL has been admitted into the corporate insolvency resolution process in terms of the Insolvency and Bankruptcy Code, 2016…
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Home Drainage Protection Service Ltd aggressively cold-called pensioners, people with medical conditions and other vulnerable people offering fake drainage protection plans
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The company’s crude sales tactics included threatening people with the police and bailiffs if they did not sign up to their service
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The firm also made unexplained payments worth millions of pounds to dozens of other companies, filed unverifiable accounts and failed to produce accounting records when requested by the Insolvency Service
An Essex company which aggressively cold-called vulnerable people to sell drainage and electrical protection plans which had little or no real value, has been shut down.
Basildon-based Home…
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Bhubaneswar: A 22-year-old youth reportedly took his own life on Thursday in Bhubaneswar, allegedly driven by an addiction to online gaming and the pressure of mounting debts incurred from his gaming activities.
The deceased, identified as Shasanka Sekhar Satpathy, was a resident of Tinimundia Square under the Lingaraj Police Station in the Capital City.
According to family members, Shasanka had been deeply engrossed in online gaming, spending long hours playing at home. In recent days, however, he became increasingly withdrawn and displayed signs of distress. Tragically, he was found hanging at his residence.
Despite his family’s efforts to rush him to Capital Hospital, doctors declared him brought dead.
Lingaraj Police officials, upon…
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SEND deficits risk bankrupting almost three quarters of England’s largest councils by 2027, with government urged to take action County Councils Network
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Ukraine’s National Bank declares Cominvestbank insolvent Interfax-Ukraine
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ATO doubles down on enforcement, uncollected tax reaches unprecedented highs – – Tax – Australia Mondaq News Alerts
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Jaiprakash Associates, the flagship firm of the embattled Jaypee Group, is grappling with insolvency proceedings with an outstanding loan tallying Rs 55,525.89 crore as of November 10, 2024, a recent regulatory filing revealed.
The company has entered the corporate insolvency resolution process in accordance with the Insolvency and Bankruptcy Code, following an order issued by the National Company Law Tribunal’s Allahabad Bench on June 3, 2024. Bhuvan Madan has been appointed as the Resolution Professional to oversee the procedure.
Despite efforts over recent years to alleviate financial pressures by selling cement plants, Jaiprakash Associates has fallen into bankruptcy due to failure to repay debts. The conglomerate’s…
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ISLE OF WIGHT CHURCHES IN FUNDRAISING APPEAL FOR FACE-TO FACE DEBT HELP Island Echo
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