Can Flat Buyers initiate insolvency proceedings against Builders under the Insolvency & Bankruptcy Code? This question assumes greater significance now because many real estate giants are facing insolvency proceedings in various Company Law Tribunals under the new I & B Code, 2016 across the country. Latest is the case of J.P. Infratech which is one…
A SHAMBOLIC care company has gone into liquidation with debts of more than £700,000 after failures that left vulnerable adults at risk of abuse. A large-scale multi-agency enquiry is now underway and police are investigating allegations into Alo Care Ltd which runs Alo Community Services from Highcliffe, Bellus Lodge, Somerford Avenue in Christchurch and Ado…
Representational pic – Jaypee Infratech insolvency plea Shares of Jaypee Infratech, a part of the debt-ridden Jaypee group, today hit lower circuit with reports suggesting that the government was exploring if it was legally tenable under insolvency laws to sell its assets to raise money to complete pending housing projects of the company. Hundreds of…
One Nation’s newest senator has used his first speech in federal parliament to highlight his migrant roots, bucking the trend of anti-immigration speeches from his party colleagues. Perth electrician-turned-politician Peter Georgiou credited his Greek immigrant parents with teaching him the value of hard work, pledging to always be proud of his Greek heritage as he…
No entrepreneur relishes restructuring their business. It can be complex and time consuming, but that doesnt stop it from being worthwhile. Restructuring can be prompted by a number of different things some are the consequence of success, the result of disagreements, or simply commercial imperatives. They might arise, for example, because of a founder leaving,…
China has a debt problem, and if it continues to place short-term growth goals ahead of managing longer-term financial stability risks, it runs the risk of suffering a sharp growth slowdown, or worse. Thats the latest assessment from the International Monetary Fund (IMF) who describes Chinas current credit growth trajectory as dangerous given the precedent…
You’ve seen them. Those sensational online profiles of people who accomplished massive goals that most of us can only dream of in a ridiculous amount of time. How This 30-Year Old Quit His Job and Became a Millionaire or How This Millennial Bought a Home in NYC on a $30k salary or How This Couple…
Prestige Group , one of the largest listed real estate companies in the country, is gearing up for greater things given that the uncertainty caused by the Real Estate Regulatory Act (RERA) and the Goods and Services Tax (GST) is behind us. The company recently concluded a corporate restructuring to take the business to the…
A SHAMBOLIC care company has gone into liquidation with debts of more than £700,000 after failures that left vulnerable adults at risk of abuse. A large-scale multi-agency enquiry is now underway and police are investigating allegations into Alo Care Ltd which runs Alo Community Services from Highcliffe, Bellus Lodge, Somerford Avenue in Christchurch and Ado…
China’s consumers spend too little and its corporate sector spends too much. That’s the blunt message from the latest country report from the International Monetary Fund, which highlights a series of worrying, if not new, imbalances across the Chinese economy. In six charts the IMF lays out its case for why Beijing needs to act…