Dhananjay Kumar and Hamraj Singh suggest ways to speed up insolvency resolution The Insolvency and Bankruptcy Code, 2016 (IBC) emphasizes the importance of time-bound reorganization and resolution for distressed entities and it is touted as one of its defining features. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016…
Ernst & Young said it found significant transfers of cash from Quadriga to Mr. Cotten and his wife. Photo: Decentral June 20, 2019 6:48 pm ET The court-appointed monitor for bankrupt QuadrigaCX said the Canadian cryptocurrency exchanges late founder took most of the money entrusted to him by clients and spent much… Read the full…
Chinese regulators are moving to relax restrictions on merger and acquisition deals involving listed companies in a bid to allow them to improve businesses through asset restructuring amid slowing economic growth. The China Securities Regulatory Commission (CSRC) Thursday issued a draft revision of rules regarding listed companies asset restructuring to seek public comments until July…
The NCLAT Thursday set aside orders of the NCLT Kolkata-bench, and directed it to hear the insolvency plea against Duncans Industries afresh filed by A J Agrochem, an operational creditor of the tea firm. Allowing the petition of Agrochem, a two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has directed the National…
The mushroom sector has been under pressure for years. The latest victims of the competitive struggle are sales company Laseta Mushrooms and mushroom production company Champworld of Ad and Anja Peffer from Ammerzoden, the Netherlands. The court of Zutphen recently declared both companies bankrupt. Mr C.G. Klomp of Bierman Advocaten has been named the trustee…
June 20th, 2019 Splash 24/7 Dry Cargo, Europe, Maritime CEO, Tankers 0 comments It has taken more than six years of restructuring but finally the Ravenna-based Gestioni Armatoriali is now free of debts and ready to take new investment opportunities, both in the dry and liquid markets. Nicola Coccia, chairman of the company and former…
Bankruptcy document folder with lawyer working at law firm. Source: BS Below is a list of the top and leading Bankruptcy Solicitors in Brisbane. To help you find the best Bankruptcy Lawyers located near you in Brisbane, we put together our own list based on this rating points list. Brisbanes Best Bankruptcy Lawyers: The top…
Cancer fraudster Belle Gibson spent more than $90,000 in two years and went to Bali and Africa, but still claims she cannot pay her fine for conning Australians. The disgraced wellness blogger was fined $410,000 for breaching consumer laws after claiming she cured her non-existent brain cancer through diet and alternative therapies. A financial analysis…
Wherever Belle Gibson goes scandal is known to follow and the latest twist in the disgraced cancer con-womans saga is no different. Tonight, A Current Affair can lift the lid on her secret job working for a well-known Melbourne gentlemans club. The explosive revelation comes as Ms Gibson returned to the Federal Court today to…
If debt is impacting your finances, you may have a share of the $4 trillion in non-housing debt tallied in the first quarter of 2019 by the Federal Reserve Bank of New York. Of all household debt, $623 billion is late or overdue, the Fed found. Consolidating with a personal loan is one way to…