Gujarat NRE said its plan to sell the assets was approved by its lenders in March 2015. In a striking turn of events, a company that had moved the Kolkata bench of the National Company Law Tribunal (NCLT), voluntarily declared itself insolvent and got an administrator appointed, is now seeking lifting of the moratorium on…
Friday, July 28, 2017 Payout represents 20 percent of that sought by now insolvent Marsans Group Argentina has been ordered to pay more than US$320 million to the insolvent Marsans Group over the expropriation of Aerolíneas Argentinas and other companies, closing a chapter in a saga that started in…
Confusion arose when Skip Barber Racing School filed for bankruptcy in May after owing more than $10 million to creditors. Some understood correctly that the long-loved driver’s education program had gone under, but apparently, others thought that Skip Barber (the person) went totally broke. That wasn’t the case, and Barber wants to make sure you…
The underlying number of businesses entering insolvency in England and Wales has hit a 17-year low, according to the Insolvency Service’s latest figures. The number of company insolvencies between April and June was 4,547 – a 12.6% rise compared to the first quarter. But the Insolvency Service said this was caused by a one-off event…
Barry Ferguson on the touchline as Clyde boss last season News Scotland By Tom Mackinnon,24 Jul 2017 2.34pm Former Rangers and Scotland captain Barry Ferguson has been declared bankrupt after owing tax debts of over £1.4million. The midfielder was made insolvent after he did not settle large bills believed to be owed to the taxman.…
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Barclays has set aside an extra £700m for the payment protection insurance mis-selling scandal and revealed it has taken a loss on the sale of part of its African business. The bank reported profits for the first six months of the year of £2.3bn, up 13%, but the accounting treatment of the sale of its…
Just before getting married two years ago, I learned that my husband had a serious gambling debt and couldnt pay his share of the wedding. I was financially secure then and covered it. His parents promised theyd pay me back. Theyre retired and very rich, with multiple properties around the world. But their repayment came…
bengaluru, July 28 Insolvency & Bankruptcy Board of India (IBBI) Chairman M S Sahoo today said the new Insolvency and Bankruptcy Code provided the ultimate economic freedom,the freedom to exit, and described it as the “biggest” economic reform in recent years. The code seeks to consolidate and amend laws relating to reorganisation as well…
Insolvency figures fall after record highs last year BelfastTelegraph.co.uk The number of people going insolvent between April and June has eased back from record highs last year, official figures show. http://www.belfasttelegraph.co.uk/business/news/insolvency-figures-fall-after-record-highs-last-year-35976719.html http://www.belfasttelegraph.co.uk/business/news/article35976718.ece/2ba8c/AUTOCROP/h342/PANews%20BT_P-bdd751e9-c9cd-4e52-9758-aa729bda70e0_I1.jpg Email The number of people going insolvent between April and June has eased back from record highs last year, official figures show. Some…