Anil Ambani-led Reliance Communications (RCom), with a debt of 46,000 crore, has decided to file for insolvency proceedings at National Company Law Tribunal (NCLT) Mumbai to seek fast-track resolution. RCom had been unable to sell its spectrum and tower assets to Reliance Jio for 20,000 crore The board of directors of RCom today [Friday] reviewed…
A total of 126 people declared bankruptcy in Galway in the past five years, according to new figures from the Insolvency Service of Ireland. The figures show that between January 2014 and the end of 2018, there were a total of 126 bankruptcies here. A further 209 people came to insolvency arrangements with creditors during…
Australian makeup retailer Napoleon Perdis has fallen into voluntary administration, appointing administrators Simon Catho, Chris Cook and Ivan Glavas of Worrells Solvency Accountants. The retailers directors have been trying to sell the business for several months, but hope to do so through the administration process, or that the brand will be restructured. The brand is…
SAP restructuring to focus on cloud SAP CEO Bill McDermott (Image: SAP) German vendor follows suit as the big tech firms reorganise in transition to selling cloud software Print Print Pro … Read the full article at: https://www.techcentral.ie/sap-restructuring-to-focus-on-cloud/
This press release was orginally distributed by SBWire Lansdale, PA — (SBWIRE) — 01/31/2019 — Those who are facing a mountain of debt while still able to make payments are encouraged to contact the knowledgeable attorneys at Tadross Law. An attorney from this law firm will be more than happy to discuss the various benefits…
Market House Insolvency Services Limited (MHIS) in association with Home for Life held a workshop on personal insolvency and mortgage-to-rent solutions at the Mount Errigal Hotel, Letterkenny, on January 22.The Workshop was attended by local MABS representatives, solicitors and accountants and provided information on assessing mortgage-to-rent as a means of solving serious mortgage debt problems…
The National Company Law Tribunal (NCLT) has asked to initiate insolvency proceedings against real estate firm Emaar MGF Land after two home buyers filed petition against the company for a huge delay in delivery of their housing units. Admitting the pleas of two of its home buyers, a two member bench headed by NCLT President…
AUSTRALIAN cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk. This includes stores in Joondalup, Hillarys, Midland, Booroogoon, Cockburn and Rockingham. Company directors had been trying to find a buyer for months. The struggling brand was created in 1995 by Australian makeup artist Napoleon Perdis, who…
On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having been found guilty of failing to disclose an asset in his bankruptcy. Darren Pole, a self-employed tiler, was declared bankrupt in October 2013 following a petition by the tax authorities for unpaid taxes of more…
On 23 January at Cardiff Crown Court, Darren Brian Pole (48) received a six-month sentence, suspended for two years, having been found guilty of failing to disclose an asset in his bankruptcy. Darren Pole, a self-employed tiler, was declared bankrupt in October 2013 following a petition by the tax authorities for unpaid taxes of more…