Voters could face a number of “zombie candidates”, as the Australian Electoral Commission referred a Senate nominee to the federal police. Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017. However, he has declared on his nomination form for the West Australian Senate he was…
Corporate Insolvency Resolution Process (CIRP) has been initiated in respect of Nagarjuna Oil Refinery Limited under the provisions of Insolvency and Bankruptcy Code, 2016 (IBC) by way of an order dated April 09, 2019 of NCLT, Hyderabad bench (copy of the Order received by me on April 22, 2019) Further, Mr. Kranthi Kumar Kedari (IP…
Contrary to what many believe, the US federal government does not spend the bulk of its revenue on its military. Or even on politicians hefty paycheques. Instead, almost 45% of taxpayer dollars go to support Medicare, Social Security and disability benefits to the tune of $2.43 trillion (US$1.74 trillion) per year. But in a sign…
A forensic audit of 200 top companies by the Ministry of Corporate Affairs has detected irregularities to the tune of Rs 1 lakh crore, including diversion of funds. Most of these companies have been referred to insolvency and resolution proceedingsunder the Insolvency and Bankruptcy Code. Irregularities detected in some top companies point to the collapse…
Four of the UKs largest real estate investment trusts are heavily exposed to struggling retailers and CVAs, the rising insolvency trend which has become synonymous with the decline of the high street, UBS has warned. The analysis looked at the portfolios of four real estate investment trusts: British Land, Landsec, Hammerson, and Intu. Its findings…