Photo: Pradeep Gaur/Mint New Delhi: The Insolvency and Bankruptcy Board of India and the insolvency resolution professional for Jaypee Infratech Limited (JIL) urged the Supreme Court on Wednesday to revive corporate insolvency resolution process for the debt-ridden company and constitute a fresh committee of creditors in the light of the peculiar facts of the case.…
The restaurant group Gaucho is preparing to file for administration, putting 1,500 jobs at risk. The owner of the Gaucho and Cau brands is the latest victim of the intense pressure on the high street, which has cost 35,000 jobs in the retail and casual dining sectors this year. The group filed a notice of…
Upon the decision of the Arbitrazh Court, the procedure for former bankers realization of the property was initiated. In Tatarstan, former head of Tatfondbank Robert Musin was declared bankrupt by the decision of the Arbitrazh Court, the procedure for bankers realization was initiated, the materials of the case states. The bankruptcy of…
It was a tough financial year for Australias debtors, with the number of personal insolvencies around the country growing over 2017-18 to reach the highest figure in nearly a decade. In figures released by the Australian Financial Security Authority (AFSA), the number of personal insolvencies across the country rose for the third consecutive year, increasing…