Insolvency Guardian Media Centre
The recent order of the National Company Law Tribunal, Mumbai Bench, dated 31.07.2017 in TCP No.409/(MAH)/2017 in the matter titled as Magicrete Buildings Solutions Pvt Ltd vs Pratibha Industries Ltd, will lead banks and financial institutions into an extreme legal necessity which is almost impossible to perform.
As per Section 9 of the Insolvency and Bankruptcy Code, 2016, the banks are obliged to issue certificate to the operational creditor maintaining accounts with it, confirming that there is no payment of unpaid operational debt by the corporate debtor. The order is pursuant to a request by the counsel for the operational creditor before the NCLT seeking a direction to the bank maintaining the account of the operational creditor to …
Read the full article at: http://www.livelaw.in/issuance-certificate-banks-us-sec-9-ib-code-2016-extra-impossible-task-thrust-upon-banks/
A debt resolution practitioner has taken issue with comments by Deputy Jackie Cahill on the levels of debt and insolvency in Tipperary and whether or not the county tops the chart.
Under figures released by the Insolvency Service of Ireland, Tipperary was named as being seventh in the league for court approved debt resolution notices, debt relief notices and personal insolvency arrangements.
With a total of 148 DRNs, DBAs or PIAs, Tipperary is top of the charts in a field that we shouldnt be looking to excel at. The areas ahead of Tipperary include the cities of Dublin, Cork, and Waterford and the commuter counties of Kildare, Meath and Wicklow, Deputy Cahill had stated.
However Mitchell O’Brien of Dungarvan-based IRS Ire…
Read the full article at: http://www.tipperarystar.ie/news/local-news/263495/tipperary-debt-level-debt-resolution-practitioner-takes-issue-with-deputy-jackie-cahill-s-comments.html
Abdul Rahman (left) with Lim.
KUALA LUMPUR: Chief Minister Lim Guan Eng has at least acknowledged that Putrajaya helped in reducing the Penang governments debts via a water restructuring and debt-rationalisation exercise in 2011, said Datuk Seri Abdul Rahman Dahlan.
I thank Lim for finally acknowledging this in his statement two days ago and setting the record straight.
Penangites have been given the impression that the debt reduction was due to his impressive leadership as chief minister,” the Barisan Nasional Strategic Communications director said in a statement Saturday.
Abdul Rahman said the state governments debts would have tripled if the Federal Government had not intervened.
Lim had said Penang managed to reduce its stat…
Read the full article at: http://www.thestar.com.my/news/nation/2017/08/05/bn-thanks-guan-eng-for-recognising-putrajayas-help-in-penang-debt-reduction/
After admitting the first resolution plan, the Hyderabad Bench of the NCLT has, in the same week, orally pronounced the first liquidation order under the Insolvency and Bankruptcy Code, 2016.
VNR Infrastructures Ltd., the corporate debtor, had filed for initiation of insolvency resolution process in December 2016, under section 10 of the Code, after its proceedings at the BIFR stood abated due to notification of provisions of the Code. The BIFR had also concluded that VNR was a sick company.
In February, the NCLT passed an order admitting the application and appointed an interim resolution professional (IRP).
Interestingly, the Promoter of the Company is Vakati Narayana Reddy, an MLC (Member of Legislative Council from A.P.), who …
Read the full article at: https://barandbench.com/first-liquidation-order-ibc/
Daniel Montville knew a debt consolidation loan wouldnt solve his financial problems, but the hospice nurse hoped it would give him some breathing room. He had already filed for bankruptcy once, in 2005, and was determined not to do it again.
Montville took out the loan in 2015, but within a year he had fallen behind on its payments and on the payday lo…
Read the full article at: http://www.marketwatch.com/story/the-big-problem-with-debt-consolidation-2017-08-04
Herbalife Ltd. (NYSE: HLF) has been one of the most controversial stocks in the market in recent years, and the companys Q2 earnings report and conference call have presented investors with even more questions about the future of the company.
Restructuring Taking Its Toll
In June, Herbalife blamed Federal Trade Commission-mandated restructuring for its second-quarter guidance cut. The company was forced to restructure its business in 2016 as part of a $200 million settlement with the FTC related to questionable business practices. Vocal Herbalife…
Read the full article at: https://www.benzinga.com/news/earnings/17/08/9864571/questions-arise-from-herbalifes-earnings-conference-call
Low Cost Company liquidation packages in Abbotsbury, liquidate your company today
Do you need to liquidate your company in Abbotsbury?
Are you looking for an affordable liquidation package?
Insolvency Guardian offer affordable liquidation packages to Abbotsbury residents. Insolvency Guardian provides Australias best value insolvency services, including low cost liquidations. Insolvency Guardian offer free initial consultations to Abbotsbury residents, you can arrange one of these consultations by calling 1300 60 70 60.
Liquidating a company in Abbotsbury can be a difficult and time-consuming process. Insolvency Guardian is ready to guide you through company liquidation today. Our liquidation specialists have spent years helping Australian business owners to successfully liquidate their business as smoothly as possible.
Is your company at risk of insolvency? Discuss the possibility of liquidation with Insolvency Guardian by calling 1300 60 70 60 today.
Insolvency Guardian can help you to determine if liquidation is necessary for your business. You won’t find better value liquidation packages anywhere in Australia. Our comprehensive liquidation packages will make it simple for you to successfully liquidate your company.
The liquidation of your company will be made a lot easier when you side with the team from Insolvency Guardian. You dont have to complete the liquidation of your company alone, and with low cost liquidations you have no reason to delay the liquidation of your company in Abbotsbury. Putting off an inevitable liquidation can cost you more than just time. Once you have determined that liquidating your company is necessary it is important for you to act quickly to make sure you have the best chance at making it through liquidation in a good position.
Insolvency Guardian can give you fast and affordable advice to allow you to take the right action without delay. The team at Insolvency Guardian will help you to find the best way to navigate company liquidation in Abbotsbury. Dont put it off any longer; you can take real steps towards a brighter financial future Abbotsbury today.
You may be thinking why the urgency? There are various penalties and consequences of insolvent trading, including civil penalties, compensation proceedings and criminal charges. If you have a company in Abbotsbury, that is not able to pay the debts as they fall due, and you continue to trade whilst insolvent you could be held personally liable for the debts or worse. So it is important to call now to enquire what you as a director should do.
Find out more about the liquidation of companies in Abbotsbury by calling 1300 60 70 60
Low Cost Company liquidation packages in Abbotsford, liquidate your company today
Do you need to liquidate your company in Abbotsford?
Are you looking for an affordable liquidation package?
Insolvency Guardian offer affordable liquidation packages to Abbotsford residents. Insolvency Guardian provides Australias best value insolvency services, including low cost liquidations. Insolvency Guardian offer free initial consultations to Abbotsford residents, you can arrange one of these consultations by calling 1300 60 70 60.
Liquidating a company in Abbotsford can be a difficult and time-consuming process. Insolvency Guardian is ready to guide you through company liquidation today. Our liquidation specialists have spent years helping Australian business owners to successfully liquidate their business as smoothly as possible.
Is your company at risk of insolvency? Discuss the possibility of liquidation with Insolvency Guardian by calling 1300 60 70 60 today.
Insolvency Guardian can help you to determine if liquidation is necessary for your business. You won’t find better value liquidation packages anywhere in Australia. Our comprehensive liquidation packages will make it simple for you to successfully liquidate your company.
The liquidation of your company will be made a lot easier when you side with the team from Insolvency Guardian. You dont have to complete the liquidation of your company alone, and with low cost liquidations you have no reason to delay the liquidation of your company in Abbotsford. Putting off an inevitable liquidation can cost you more than just time. Once you have determined that liquidating your company is necessary it is important for you to act quickly to make sure you have the best chance at making it through liquidation in a good position.
Insolvency Guardian can give you fast and affordable advice to allow you to take the right action without delay. The team at Insolvency Guardian will help you to find the best way to navigate company liquidation in Abbotsford. Dont put it off any longer; you can take real steps towards a brighter financial future Abbotsford today.
You may be thinking why the urgency? There are various penalties and consequences of insolvent trading, including civil penalties, compensation proceedings and criminal charges. If you have a company in Abbotsford, that is not able to pay the debts as they fall due, and you continue to trade whilst insolvent you could be held personally liable for the debts or worse. So it is important to call now to enquire what you as a director should do.
Find out more about the liquidation of companies in Abbotsford by calling 1300 60 70 60
Low Cost Company liquidation packages in Aberdeen, liquidate your company today
Do you need to liquidate your company in Aberdeen?
Are you looking for an affordable liquidation package?
Insolvency Guardian offer affordable liquidation packages to Aberdeen residents. Insolvency Guardian provides Australias best value insolvency services, including low cost liquidations. Insolvency Guardian offer free initial consultations to Aberdeen residents, you can arrange one of these consultations by calling 1300 60 70 60.
Liquidating a company in Aberdeen can be a difficult and time-consuming process. Insolvency Guardian is ready to guide you through company liquidation today. Our liquidation specialists have spent years helping Australian business owners to successfully liquidate their business as smoothly as possible.
Is your company at risk of insolvency? Discuss the possibility of liquidation with Insolvency Guardian by calling 1300 60 70 60 today.
Insolvency Guardian can help you to determine if liquidation is necessary for your business. You won’t find better value liquidation packages anywhere in Australia. Our comprehensive liquidation packages will make it simple for you to successfully liquidate your company.
The liquidation of your company will be made a lot easier when you side with the team from Insolvency Guardian. You dont have to complete the liquidation of your company alone, and with low cost liquidations you have no reason to delay the liquidation of your company in Aberdeen. Putting off an inevitable liquidation can cost you more than just time. Once you have determined that liquidating your company is necessary it is important for you to act quickly to make sure you have the best chance at making it through liquidation in a good position.
Insolvency Guardian can give you fast and affordable advice to allow you to take the right action without delay. The team at Insolvency Guardian will help you to find the best way to navigate company liquidation in Aberdeen. Dont put it off any longer; you can take real steps towards a brighter financial future Aberdeen today.
You may be thinking why the urgency? There are various penalties and consequences of insolvent trading, including civil penalties, compensation proceedings and criminal charges. If you have a company in Aberdeen, that is not able to pay the debts as they fall due, and you continue to trade whilst insolvent you could be held personally liable for the debts or worse. So it is important to call now to enquire what you as a director should do.
Find out more about the liquidation of companies in Aberdeen by calling 1300 60 70 60
Low Cost Company liquidation packages in Aberfeldie, liquidate your company today
Do you need to liquidate your company in Aberfeldie?
Are you looking for an affordable liquidation package?
Insolvency Guardian offer affordable liquidation packages to Aberfeldie residents. Insolvency Guardian provides Australias best value insolvency services, including low cost liquidations. Insolvency Guardian offer free initial consultations to Aberfeldie residents, you can arrange one of these consultations by calling 1300 60 70 60.
Liquidating a company in Aberfeldie can be a difficult and time-consuming process. Insolvency Guardian is ready to guide you through company liquidation today. Our liquidation specialists have spent years helping Australian business owners to successfully liquidate their business as smoothly as possible.
Is your company at risk of insolvency? Discuss the possibility of liquidation with Insolvency Guardian by calling 1300 60 70 60 today.
Insolvency Guardian can help you to determine if liquidation is necessary for your business. You won’t find better value liquidation packages anywhere in Australia. Our comprehensive liquidation packages will make it simple for you to successfully liquidate your company.
The liquidation of your company will be made a lot easier when you side with the team from Insolvency Guardian. You dont have to complete the liquidation of your company alone, and with low cost liquidations you have no reason to delay the liquidation of your company in Aberfeldie. Putting off an inevitable liquidation can cost you more than just time. Once you have determined that liquidating your company is necessary it is important for you to act quickly to make sure you have the best chance at making it through liquidation in a good position.
Insolvency Guardian can give you fast and affordable advice to allow you to take the right action without delay. The team at Insolvency Guardian will help you to find the best way to navigate company liquidation in Aberfeldie. Dont put it off any longer; you can take real steps towards a brighter financial future Aberfeldie today.
You may be thinking why the urgency? There are various penalties and consequences of insolvent trading, including civil penalties, compensation proceedings and criminal charges. If you have a company in Aberfeldie, that is not able to pay the debts as they fall due, and you continue to trade whilst insolvent you could be held personally liable for the debts or worse. So it is important to call now to enquire what you as a director should do.
Find out more about the liquidation of companies in Aberfeldie by calling 1300 60 70 60
Low Cost Company liquidation packages in Aberfoyle Park, liquidate your company today
Do you need to liquidate your company in Aberfoyle Park?
Are you looking for an affordable liquidation package?
Insolvency Guardian offer affordable liquidation packages to Aberfoyle Park residents. Insolvency Guardian provides Australias best value insolvency services, including low cost liquidations. Insolvency Guardian offer free initial consultations to Aberfoyle Park residents, you can arrange one of these consultations by calling 1300 60 70 60.
Liquidating a company in Aberfoyle Park can be a difficult and time-consuming process. Insolvency Guardian is ready to guide you through company liquidation today. Our liquidation specialists have spent years helping Australian business owners to successfully liquidate their business as smoothly as possible.
Is your company at risk of insolvency? Discuss the possibility of liquidation with Insolvency Guardian by calling 1300 60 70 60 today.
Insolvency Guardian can help you to determine if liquidation is necessary for your business. You won’t find better value liquidation packages anywhere in Australia. Our comprehensive liquidation packages will make it simple for you to successfully liquidate your company.
The liquidation of your company will be made a lot easier when you side with the team from Insolvency Guardian. You dont have to complete the liquidation of your company alone, and with low cost liquidations you have no reason to delay the liquidation of your company in Aberfoyle Park. Putting off an inevitable liquidation can cost you more than just time. Once you have determined that liquidating your company is necessary it is important for you to act quickly to make sure you have the best chance at making it through liquidation in a good position.
Insolvency Guardian can give you fast and affordable advice to allow you to take the right action without delay. The team at Insolvency Guardian will help you to find the best way to navigate company liquidation in Aberfoyle Park. Dont put it off any longer; you can take real steps towards a brighter financial future Aberfoyle Park today.
You may be thinking why the urgency? There are various penalties and consequences of insolvent trading, including civil penalties, compensation proceedings and criminal charges. If you have a company in Aberfoyle Park, that is not able to pay the debts as they fall due, and you continue to trade whilst insolvent you could be held personally liable for the debts or worse. So it is important to call now to enquire what you as a director should do.
Find out more about the liquidation of companies in Aberfoyle Park by calling 1300 60 70 60
Low Cost Company liquidation packages in Aberglasslyn, liquidate your company today
Do you need to liquidate your company in Aberglasslyn?
Are you looking for an affordable liquidation package?
Insolvency Guardian offer affordable liquidation packages to Aberglasslyn residents. Insolvency Guardian provides Australias best value insolvency services, including low cost liquidations. Insolvency Guardian offer free initial consultations to Aberglasslyn residents, you can arrange one of these consultations by calling 1300 60 70 60.
Liquidating a company in Aberglasslyn can be a difficult and time-consuming process. Insolvency Guardian is ready to guide you through company liquidation today. Our liquidation specialists have spent years helping Australian business owners to successfully liquidate their business as smoothly as possible.
Is your company at risk of insolvency? Discuss the possibility of liquidation with Insolvency Guardian by calling 1300 60 70 60 today.
Insolvency Guardian can help you to determine if liquidation is necessary for your business. You won’t find better value liquidation packages anywhere in Australia. Our comprehensive liquidation packages will make it simple for you to successfully liquidate your company.
The liquidation of your company will be made a lot easier when you side with the team from Insolvency Guardian. You dont have to complete the liquidation of your company alone, and with low cost liquidations you have no reason to delay the liquidation of your company in Aberglasslyn. Putting off an inevitable liquidation can cost you more than just time. Once you have determined that liquidating your company is necessary it is important for you to act quickly to make sure you have the best chance at making it through liquidation in a good position.
Insolvency Guardian can give you fast and affordable advice to allow you to take the right action without delay. The team at Insolvency Guardian will help you to find the best way to navigate company liquidation in Aberglasslyn. Dont put it off any longer; you can take real steps towards a brighter financial future Aberglasslyn today.
You may be thinking why the urgency? There are various penalties and consequences of insolvent trading, including civil penalties, compensation proceedings and criminal charges. If you have a company in Aberglasslyn, that is not able to pay the debts as they fall due, and you continue to trade whilst insolvent you could be held personally liable for the debts or worse. So it is important to call now to enquire what you as a director should do.
Find out more about the liquidation of companies in Aberglasslyn by calling 1300 60 70 60