New Delhi: The National Company Law Tribunal (NCLT) has directed for initiation of insolvency proceedings against Bhilai Jaypee Cement, a subsidiary of debt-ridden group Jaiprakash Associates Limited, for a default of Rs 45 crore.The direction of Cuttack bench of NCLT came after it admitted a plea filed by the company’s operational creditor Sidhgiri Holdings Pvt Ltd, to which Bhilai Jaypee Cement owed Rs 45 crore against supply of coal.

A two-member NCLT bench also appointed an interim resolution professional (IRP), suspending the board of the company and putting it under the protection of moratorium against encumbrance of assets through sale, civil suits etc, as per the provisions…

A bankrupt builder who persuaded a customer to pay him more than £30,000 for home improvements he never completed has been sentenced.

Wayne Miller deliberately concealed his status as a bankrupt from his victim and abandoned the building project in Canterbury when it was nowhere near finished. He also promised to repay the customer for the unfinished work and goods but no payments were ever made.

Work on the project, which was supposed to include a new kitchen and two-storey extension, was due to start in March 2018, and Miller told the customer it would take around eight weeks to complete.

Miller and the customer agreed that the total cost of £43,528 would be paid in five equal instalments of £8,705.60, with the…

The direction of Cuttack bench of NCLT came after it admitted a plea filed by the company’s operational creditor Sidhgiri Holdings Pvt Ltd, to which Bhilai Jaypee Cement owed Rs 45 crore against supply of coal.

A two-member NCLT bench also appointed an interim resolution professional (IRP), suspending the board of the company and putting it under the protection of moratorium against encumbrance of assets through sale, civil suits etc, as per the provisions of the Insolvency & Bankruptcy Code (IBC).

“We are inclined to…

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The direction of Cuttack bench of NCLT came after it admitted a plea filed by the company’s operational creditor Sidhgiri Holdings Pvt Ltd, to which Bhilai Jaypee Cement owed Rs 45 crore against supply of coal.

A two-member NCLT bench also appointed an interim resolution professional (IRP), suspending the board of the company and putting it under the protection of moratorium…

In this episode, Paola Subacchi sits down with Nicole Kearse to explore the intricacies of debt management. Drawing on Nicole’s extensive experience at the African Legal Support Facility (ALSF), they discuss debt sustainability, capacity building, and the strategies to help countries prevent debt crises.

Guest: Nicole Kearse is the head of sovereign finance for the ALSF since 2022 and previously served as the organization’s senior legal counsel. Through this role, she uses her expertise on the African region and emerging markets to aid the organization in providing legal advice and technical assistance to countries in the negotiation of complex commercial transactions, creditor litigation, and other sovereign transactions.

Prior to…

Wayne Miller, 55, from Lydd in Kent, was tasked with building a two-storey home extension, including a new kitchen.

The builder received more than £30,000 for the project in Canterbury but abandoned the job part way through, having also concealed his status as a bankrupt.

He promised to repay the customer for the unfinished work and goods but no payments were ever made. 

Miller appeared at Southwark Crown Court on 15^th October after an Insolvency Service investigation. He was sentenced to six months in prison, suspended for 12 months. HeeHe= was also ordered to repay £18,000 in compensation to his victim and a further £1,000 in costs.

Miller also made a payment of £7,500 to the victim at an earlier date.

Insolvency Service…

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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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