Sep 16, 2017 01:32 PM IST | Source: Moneycontrol.com Futuristic Offshore has informed that pursuant to the filing of Corporate Insolvency Resolution Process (CIRP) under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons), Regulations, 2016, the application of the Company has been admitted by NCLT under Section…
The CEO of Queensland based distributor E3 Style Vanessa Garrard claims that her Company, has not been placed into liquidation, she claims that E3 Style, which is suffering from cash flow problems, was deliberately placed into voluntary administration. Garrard claims that the Company became the largest licensed electronics distributor in Australia and that her Company…
There has been a major battle for Germany’s second largest airline that could see it broken up as bidders stake their claims. A final decision on the airline’s future is expected on September 25. An airplane operated by German airline Air Berlin sits on the tarmac at the airport in Munich, southern Germany, on September…
Hyderabad: Insovlency and Bankruptcy Board of India (IBBI) will soon register 100 more insolvency professionals (IPs). It currently has 940 has IPs registered with it, said Navrang Saini, whole time member, IBBI. The process will be continuous. We carry out a due diligence of the applications that come to us. The applications come to us through…
The case, which will now be heard by the High Court, has implications for hundreds of others, with some observers warning the future of a key part of Ireland’s insolvency regime may hinge on the outcome. The Circuit Court ruled earlier this month that debtors’ personal insolvency practitioners (PIPs), and not debtors themselves, must seek…
The story of Wayne Rooney is one that stretches beyond the football pitch The £51,000 gambling debt he ran up was the start of something problematic He felt the wrath of Sir Alex Ferguson after a night in a Southport cocktail bar His off-the-field behaviour has often contrasted his on-the-field intelligence Some, like manager David Moyes,…
Alex Wong/Getty Images Many of us are all too familiar with the student loans, but thanks to a new program unveiled by Fidelity Investments, repayment aid from your employer may soon be an option. The problem? It probably wont do much to address the deep racial disparities of the student debt crisis. Advertisement According to…
Hyderabad: The Insolvency and Bankruptcy Board of India (IBBI), which was set up on October 1, 2016, under the Insolvency and Bankruptcy Code, 2016, has so far registered around 940 insolvency professionals (IPs) and is in the process of adding another 100 IPs over the next few months, IBBI wholetime member Navrang Saini said here…
Customers have taken to Facebook with questions about lay-by orders and the future of stores after baby supplies retail chain Bubs Baby Shops collapsed into voluntary administration last week, leaving 70 workers with uncertain futures. According to ASIC notices published on Tuesday, Simon Cathro and Christopher Cook of Worrells Solvency were appointed as voluntary administrators of nine company entities…
Ostwald Bros, a Queensland-based engineering and construction company servicing the mining and agriculture sectors has placed itself into voluntary administration, putting nearly 470 jobs at risk. Derrick Vickers and Sam Marsden of PriceWaterhouse Coopers Australia (PwC) have been appointed voluntary administrators of Ostwald Bros Pty Ltd, and two related entities; Ostwald Bros Civil Pty Ltd and Ostwald Bros Construction…