News Julia Irvine 18 Oct 2017 10:33am In what the Insolvency Service has described as one of the more bizarre cases of dishonesty and misuse of limited liability it has ever come across,… Read the full article at: http://economia.icaew.com/en/news/october-2017/sham-towie-company-director-faked-own-death
Nicco Corporation was the first company to be referred to NCLT after the BIFR was scrapped. Photo: Mint Kolkata: The Kolkata bench of National Company Law Tribunal (NCLT) has put cable manufacturer Nicco Corporation Ltd under liquidation process to meet the demands of the creditors. The company has been put under liquidation under Section 14…
Moneycontrol News Education services firm Educomp Solutions has invited bids from potential resolution applicants for Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). CIRP under IBC commenced against the company post an order on May 30, 2017 at the National Company Law Tribunal (NCLT). NCLT had appointed Sanjiv Agarwal as the…
By Martinne Geller LONDON (Reuters) Reckitt Benckiser <RB.L> plans to reorganise its business into two distinct units, one for health and the other for hygiene and home products, as it tries to improve its flagging performance. The maker of Durex condoms, Nurofen tablets and Dettol cleaners announced the restructuring on Wednesday, along with its third-quarter…
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Statistics released by the Australian Financial Security Authority (ASFA) today show the highest rate of bankruptcy among Australians since the June quarter 2016. The personal insolvency activity statistics for the September 2017 quarter show total personal insolvencies increased by 8% since the September quarter last year, including debt agreements increasing by 17.5% and personal insolvency agreements up…
Gold miner Mintails, now in business rescue, had completed the restructuring of its operations with the agreement of unions, business rescue practitioner Dave Lake of Lake Strategic Solutions said on Tuesday. The miner is in talks with funders, black empowerment partners and regulators to meet conditions to implement the second phase of its rescue plan.…