Cargill owed $715 million by bankrupt Azerbaijani bank – Minneapolis Star Tribune
… Read the full article at: http://www.startribune.com/cargill-owed-715-million-by-bankrupt-azerbaijani-bank/438605203/
Issuance Of Certificate By Banks U/S Sec.9 Of I&B Code, 2016, An Extra Impossible Task Thrust Upon Banks – Live Law
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…
Tipperary debt level: debt resolution practitioner takes issue with Deputy Jackie Cahill’s comments – Tipperary Star (registration)
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,…
BN thanks Guan Eng for recognising Putrajaya’s help in Penang debt reduction – The Star Online
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…
First liquidation order under the Insolvency Code passed by the – Bar & Bench
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…