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Written by Sunny Verma | New Delhi | Published:July 18, 2017 3:12 am According to data analysed till June-end, a total of 129 corporate insolvency applications were admitted with the Mumbai bench of the NCLT, while 58 applications have been filed with three benches of the NCLT in Delhi. Illustration: C R Sasikumar Related News Within seven months…
Pisit, who offered his legal service to the girls mother for free, told police that he deducted a Bt500,000 lawyers fee from the Bt4 million compensation he had received on the victims behalf, city police chief Lt-General Sanit Mahathavorn told a press conference on Monday. He claimed the money was to fund his PhD education,…
MUMBAI: An order passed by a bankruptcy court set a precedent by ruling that a promoter cannot escape the liquidation of personal assets by simply filing for bankruptcy that indemnified the firm against all legal proceedings will have rich promoters worried. The court has ordered lenders to go after the personal properties of M/s Schweitzer…
by Ajit Jain The OECDs new transfer pricing approach to business restructuring, as described in Chapter IX of 2017 OECD transfer pricing guidelines, has changed radically from prior versions. These new transfer pricing guidelines, released on July 10, echo important changes made in 2015 OECD/G20 base erosion and profit shifting (BEPS) project regarding how to…
Welcome to Fix My Finances, Yahoo Finances personal finance series. Each episode, we take a look at one viewers financial state of affairs and offer advice, insight and information on a variety of issues, including how to save more, spend less and pay off lingering debt. In this episode we spoke with Jessica, a 23-year-old college student living…
Vertu, a British company which has been designing and selling high-end luxury smartphones starting at $6,900 for more than a decade, is being liquidated after failing to sell enough high-priced phones to pay its bills. The demise of Vertu was revealed in a July 13 story by BBC.com, after the company was bought by a…
Following a trading halt on the ASX yesterday, the beleaguered Ten Network has been placed into voluntary administration. Tens directors have appointed Korda Mentha as the voluntary administrators of the network and its subsidiaries. Advertisement The announcement come… Read the full article at: http://if.com.au/ten-enters-voluntary-administration/
With the Gujarat High Court dismissing Essar Steel’s plea against RBI’s insolvency order, the company today said it should have been given time to complete its debt restructuring. Essar Steel further said it apprehended that bankruptcy proceedings at this stage may lead to deterioration of the company’s operations delay the resolution discussion…
AHMEDABAD: The Gujarat High Court dismissed Essar Steels plea against the Reserve Bank of India directive asking lenders to initiate bankruptcy proceedings against the debt-laden company, observing that the regulator and banks are empowered to do so, giving a boost to the governments efforts to clean up the countrys bad-loan mess. But the court cautioned…