Insolvency Guardian Media Centre
Queensland company AGAT Business put into voluntary liquidation amid ASIC investigation MSN
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Anil Ambani, RCom Loan Accounts Declared ‘Fraud’ by Bank of Baroda MSN
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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NEW DELHI: In a significant step, Bank of Baroda, one of India’s leading public sector banks, has declared the loan accounts of Reliance Communications Ltd. (RCom) and its erstwhile Director, Anil Ambani, as ‘fraud’, according to an exchange filing.
This classification pertains to loans taken before RCom entered the corporate insolvency resolution process (CIRP), the exchange filing told on Thursday.
This development marks a crucial turn in the ongoing financial saga surrounding the once-prominent telecom company and its erstwhile director.
RCom, currently undergoing the CIRP under the Insolvency and Bankruptcy Code (IBC), 2016, has said that the loans in question relate to the period before its insolvency proceedings began….
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Restructuring Update Q2 2025 — Report PwC Ireland
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The fate of one of New Zealand’s most recognisable retailers remains uncertain after administrators confirmed Smiths City is entering ‘liquidation sale’ proceedings while they continue talks with potential buyers.
Smiths City Limited, which operates nine stores nationwide and employs more than 110 staff, was placed into voluntary administration on Tuesday.
The company’s administrators, Colin Gower and Diana Matchett of BDO Christchurch, have now completed their initial assessment of the company’s finances and a full stocktake of its stores.
They said discussions were underway with parties interested in taking over parts of the business or its assets, with expressions of interest still being sought.
Eight of the nine Smiths…
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Bank of Baroda Declares RCom And Anil Ambani Loan Accounts As ‘Fraud’.
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Reuters
Anil Ambani Bank of Baroda Case: In a significant development, Bank of Baroda has declared the loan accounts of Reliance Communications Ltd. (RCom) and its former director, Anil Ambani, as “fraud.”
The bank has informed the stock exchange that this classification relates to loans taken before RCom entered the corporate insolvency resolution process (CIRP). The move adds to the challenges already surrounding the troubled telecom company and its former promoter.
RCom’s Position Under CIRP
RCom has been undergoing insolvency proceedings since June 2019 under the Insolvency and Bankruptcy Code (IBC), 2016.
The company…
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Thomas Morey was young and healthy in his first real job out of college when his life turned upside down. One day while playing basketball with some friends he just didn’t feel right. The next day, he felt even worse. Soon, he could barely function. It took doctors a while to figure out what was making him so ill: an inexplicable immune hyperactivity disorder.
“What happened was my immune system started killing healthy cells, blood cells, the lining around my lungs, the lining around my brain,” Morey says.
He started having seizures, which in turn led to him needing back surgery for the damage they caused. He went from a great job in the federal government to being told he might never work again.
“I was in and out of the…
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“Three World Cup winners” – Five England stars face financial ruin — two declared bankrupt Ruck.co.uk
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