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….
Popular liquidation company opens storefront in Las Vegas MSN
Read the original article here
‘Very disappointing’: Unpaid work sends 40-year-old company to the wall The Press
Read the original article here
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).
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…
Read the original article here
-
Home Drainage Protection Service Ltd aggressively cold-called pensioners, people with medical conditions and other vulnerable people offering fake drainage protection plans
-
The company’s crude sales tactics included threatening people with the police and bailiffs if they did not sign up to their service
-
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…
Read the original article here
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 In recent days, however, he became increasingly withdrawn and displayed signs of distress.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…
Read the original article here
SEND deficits risk bankrupting almost three quarters of England’s largest councils by 2027, with government urged to take action County Councils Network
Read the original article here
Ukraine’s National Bank declares Cominvestbank insolvent Interfax-Ukraine
Read the original article here
Law360 is on it, so you are, too.
A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.
A Law360 subscription includes features such as
- Daily newsletters
- Expert analysis
- Mobile app
…
Read the original article here
ATO doubles down on enforcement, uncollected tax reaches unprecedented highs – – Tax – Australia Mondaq News Alerts
Read the original article here
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…
Read the original article here
ISLE OF WIGHT CHURCHES IN FUNDRAISING APPEAL FOR FACE-TO FACE DEBT HELP Island Echo
Read the original article here
Webinar in English, with interpretation in French and Spanish
What opportunities are there for debt relief through the South African G20 presidency and FfD4? Ahead of the first Finance Ministers and Central Bank Governors Meeting under South Africa’s G20 Presidency, this virtual roundtable will discuss how to drive ambitious debt relief initiatives in 2025, focusing on two pivotal platforms: the G20 Presidency and the Fourth Financing for Development Conference.
Bringing together thought leaders, the discussion will dive into innovative initiatives to address the urgent financing needs of developing countries. Key topics will include concrete debt relief proposals, how global forums can collaborate to build momentum,…














