Controversial Sydney businessman Salim Mehajer, whose debts include an $8.6 million tax bill, has suffered a setback in his bid to have his bankruptcy annulled. Justice Michael Lee late on Thursday refused to grant the application for an interim order to “stay” the bankruptcy, ahead of a full hearing of his annulment bid in June.…
Published on 26.04.2018 at 11h54 by AFP European Commission President Jean-Claude Juncker on Thursday urged eurozone countries to honour their promises to provide debt relief to Greece, whose economy is still struggling. We should now focus on the problem of reducing (Greeces) debt. I want all member states to honour (their)…
The panel of experts constituted by the government to review the Insolvency and Bankruptcy Code (IBC) has recommended that the National Company Law Tribunal (NCLT) should have the power to direct the Insolvency Board to propose another liquidator where the resolution professional (RP) does not consent to continue as the liquidator, according to Devidas Banerji,…
The number of people going bankrupt is expected to have jumped in early 2018 as households deal with post-Christmas debts and struggle to stretch credit limits further, according to an audit and restructuring firm. RSM predicts official figures for England and Wales will show a 14% year-on-year increase in the number of people being declared…
FLSmidth is to reorganise its business based around two core industries cement and mining and a new, decentralised regional structure for customer relations, sales, and service. A central digital organisation, headed by the companys new Chief Digital Office Mikael Lindholm, will drive a unified approach to digitalisation. The new organisation will go into effect from…
A town centre doctors surgery has closed with immediate effect after a GP was declared bankrupt. Health bosses have confirmed that the Abbey Surgery on Abbey Street in Accrington closed at the end of last week and that the situation was out of their control. A general practitioner at the surgery – Dr Alec Yolomoni…
A winding up petition against the company that runs Nuneaton Town Football Club has been dismissed. HMRC brought the case against Boro Leisure Limited, which owns the towns club, before the High Court yesterday but the court has now confirmed to CoventryLive that it was dismissed at the Royal Courts of Justice in London. This…
ATHENS – European Commission President Jean-Claude Juncker on Thursday urged eurozone countries to honour their promises to provide debt relief to Greece, whose economy is still struggling. European Commission President Jean Claude Juncker said the eurozone needs to honour its pledge to provide Greece with debt relief during a visit to Athens “We should now…
By Press Association Published: 20:35 AEST, 26 April 2018 | Updated: 20:35 AEST, 26 April 2018 e-mail The number of people going bankrupt is expected to have jumped in early 2018 as households deal with post-Christmas debts and struggle to stretch credit limits further, according to an audit and restructuring firm. RSM predicts official figures…
Colin Smith Nelson Reliance Engineering Ltd, owned by Nevil Basalaj (pictured), owes more than $3 million to around 200 creditors, a liquidators’ report shows. Nelson Reliance Engineering, once a key player in the region’s marine engineering industry, has gone into liquidation, owing more than $3 million. The boat-building business, owned by Nevil Basalaj, owed around 200 creditors a total of $3,195,316.50, the liquidators’…