Insolvency Guardian 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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Fashion brand founded by ex Tayside footballers vows to reopen Dundee store after liquidation  The Courier Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization.
REVEALED: Latest business liquidations in Brisbane  The Courier Mail Read the original article here
A debt advice service has become one of the first in the country to join a national scheme targeting illegal
Swaythling Frontline Debt Advice has been named an official access point for the Stop Loan Sharks scheme, run by the
Kartik Bhatnagar The recent Insolvency and Bankruptcy Board of India (IBBI) circular allows restitution of corporate debtor’s assets attached by
Bid to have Brittany Higgins declared bankrupt stalls  MSN Read the original article here
Treasurer Eric Abetz has continued to defend the TT-Line board's claim of solvency, citing their independent advice and the government's
The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by Industrial and Commercial
An investor and alleged creditor in Ecsponent, the financially distressed, previously JSE-listed specialist financial services company now named Afristrat Investment
Minister of Finance Enoch Godongwana and National Treasury now support the proposal by Minister of Electricity and Energy Kgosientsho Ramokgopa and Eskom that

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:


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Read the original article here

Fashion brand founded by ex Tayside footballers vows to reopen Dundee store after liquidation  The Courier

Read the original article here

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.

To enable cookies, follow the instructions for your browser below.

Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:


1. Open the settings menu by clicking the hamburger menu in the top right

2….

Read the original article here

REVEALED: Latest business liquidations in Brisbane  The Courier Mail

Read the original article here

A debt advice service has become one of the first in the country to join a national scheme targeting illegal lenders.

Swaythling Frontline Debt Advice has been named an official access point for the Stop Loan Sharks scheme, run by the England Illegal Money Lending Team (IMLT) to offer in-person support to victims of illegal lenders.

READ MORE: Eastleigh man to cycle across Hampshire to help people in debt crisis

The Swaythling Frontline Debt Advice office is at St Albans Church on Honeysuckle Road. (Image: Stop Loan Sharks)

Dominic Williams, from Swaythling Frontline Debt Advice, said: “We are delighted to provide an access point to anyone needing the help of the IMLT.

“No one should have to suffer at the hands of illegal money lenders.

“Help…

Read the original article here

Swaythling Frontline Debt Advice has been named an official access point for the Stop Loan Sharks scheme, run by the England Illegal Money Lending Team (IMLT) to offer in-person support to victims of illegal lenders.

READ MORE: Eastleigh man to cycle across Hampshire to help people in debt crisis

The Swaythling Frontline Debt Advice office is at St Albans Church on Honeysuckle Road. (Image: Stop Loan Sharks)

Dominic Williams, from Swaythling Frontline Debt Advice, said: “We are delighted to provide an access point to anyone needing the help of the IMLT.

“No one should have to suffer at the hands of illegal money lenders.

“Help is available. You will not be judged.”

While the Stop Loan Sharks helpline…

Read the original article here

Kartik Bhatnagar

The recent Insolvency and Bankruptcy Board of India (IBBI) circular allows restitution of corporate debtor’s assets attached by the Directorate of Enforcement (ED) through an application. Kartik Bhatnagar, a lawyer and insolvency professional, has more than a decade of experience and took part in the Jet Airways insolvency case in the Supreme Court. He explains this recent development.

Q1. What is the significance of the circular for the corporate insolvency resolution process (CIRP)?

The Insolvency and Bankruptcy Code, 2016 (IBC), is prospective and remedial seeking to maximise corporate debtor’s assets’ value for stakeholders. Whereas, the Prevention of Money-Laundering Act, 2002 (PMLA), is…

Read the original article here

Bid to have Brittany Higgins declared bankrupt stalls  MSN

Read the original article here

Treasurer Eric Abetz has continued to defend the TT-Line board’s claim of solvency, citing their independent advice and the government’s guarantee that the critical infrastructure company, which operates the Spirit of Tasmania vessels, won’t fail. Picture: file.

Read the original article here

The National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi, has dismissed an appeal filed by Industrial and Commercial Bank of China (ICBC) and upheld the order of the National Company Law Tribunal (NCLT), Mumbai Bench, directing the bank to release a fixed deposit of ₹27.60 crore belonging to Reliance Communication Infrastructure Ltd. (RCIL).

The dispute revolved around whether ICBC could retain the FD under a lien to secure loans advanced to other Reliance Group companies, despite RCIL itself having no outstanding liability to the bank.

The facts date back to March 2017, when RCIL opened a fixed deposit with ICBC and simultaneously issued a lien letter authorising the bank to place a lien on the…

Read the original article here

An investor and alleged creditor in Ecsponent, the financially distressed, previously JSE-listed specialist financial services company now named Afristrat Investment Holdings, has thrown a spanner in the works of the company’s planned voluntary liquidation.

Pretoria pensioner Mariana de Bruin has applied to intervene and become a respondent in Afristrat’s voluntary liquidation application, resulting in the matter being removed from the court roll until her intervention application is finalised.

Read:
Afristrat liquidation ‘an attempt to misattribute responsibility’ – ex MyBucks SA boss
Ecsponent linked company pays the former client it owed R433 000

Afristrat CEO George Manyere, Afristrat directors…

Read the original article here

Minister of Finance Enoch Godongwana and National Treasury now support the proposal by Minister of Electricity and Energy Kgosientsho Ramokgopa and Eskom that the latter temporarily take over electricity supply in struggling municipalities in order to curb their growing debt to the power utility.

This is despite questionable results in the two municipalities where the so-called Distribution Agency Agreements (DAAs) with Eskom are already in force.

Read:

The South African Local Government Association (Salga), which represents municipalities, is opposed to the…

Read the original article here