Homebuyers in Delhi-NCR are preferring ready to move flats in the wake of recent developments in which thousands of investors were not handed over their units by the builders. While more than 32000 investors are facing uncertainty following Jaypee Infratech becoming bankrupt, the process for corporate insolvency resolution under the insolvency and bankruptcy code is…
By Ajit Joshi Prominent Mumbai-based diamond firms in deep trouble, owe hundreds of crores to banks and lenders. News of two leading companies going belly-up has sent jitters down Mumbais diamond bourse. While a consortium of banks declared one of them bankrupt, the other has filed a voluntary petition under Chapter 11 of the United…
Its do or die for BHEL as court asks PSU to pay due amount to MSME or be declared insolvent New Delhi, Aug 26 (KNN) In a big blow to Bharat Heavy Engineering Limited (BHEL), the National Company Law Tribunal (NCLT) has asked the PSU to either pay the amount due to a MSME…
MUMBAI: ICICI Lombard, HDFC Ergo, New India Assurance and National Insurance are among the insurers who would be delivering a tailored insurance cover soon for Insolvency Professionals as the new breed of executives stare at multiple risks from charges of sabotage to negligence. While there are broad indemnity covers, these are available only for a…
By Tom Latek and Mark MaynardKentucky Today Even with the state facing a projected budget shortfall and an enormous public pension debt, casino gambling remains off the table. I havent heard any discussion of that issue and no one has talked to me about it, said Senate Minority Leader Ray Jones, D-Pikeville. Ive always opposed…