By Reuters Published: 23:35 +10:00, 25 April 2017 | Updated: 23:35 +10:00, 25 April 2017 e-mail By Agnieszka Flak MILAN, April 25 (Reuters) – Alitalia said on Tuesday it would start insolvency proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making Italian airline to secure funds to keep its aircraft…
The Insolvency and Bankruptcy Code, 2016 (Code), consolidates and amends a slew of legislations governing the legal framework relating to reorganisation and insolvency resolution in a time-bound manner. Insolvency is a state or condition of a person who is unable to pay his debts. Bankruptcy on the other hand is a situation whereby a court…
Alan Bond’s family condemn ‘sensationalised’ Channel Nine biopic exit Alan Bond’s family is furious with Channel Nine’s House of Bond, labelling the miniseries “shameful” and “inaccurate”. Bond’s family fired off a strongly-worded statement on Monday night, just minutes after Nine’s television drama made its debut. The miniseries explores a fictionalised account of Alan Bond’s life,…
Alan Bond’s family is furious with Channel Nine’s House of Bond, labelling the miniseries “shameful” and “inaccurate”. Bond’s family fired off a strongly-worded statement on Monday night, just minutes after Nine’s television drama made its debut. Play Video Don’t Play Trailer: The Voice Australia 2017 Play Video Don’t Play Video duration 00:19 Previous slide Next slide…
The founder and former trustees of the collapsed charity Kids Company could be banned from holding company directorships. The youth organisation folded amid a storm of controversy in August 2015 – just days after receiving a £3 million Government grant in a final bid to keep it afloat. Kids Company received more than £42 million…
By Press Association Published: 06:24 +10:00, 25 April 2017 | Updated: 06:24 +10:00, 25 April 2017 e-mail The founder and former trustees of the collapsed charity Kids Company could be banned from holding company directorships. The youth organisation folded amid a storm of controversy in August 2015 just days after receiving a £3 million Government…
Retailers in the United States are filing for bankruptcy at a record pace. Already this year, 14 retailers have declared bankruptcy, including the companies behind Payless, The Limited, and BCBG. Thats not far from 18, the total number of retailers that declared bankruptcy in 2016, according to insights from S&P Global Market Intelligence released last…
As Network Ten braces for the announcement on Thursday of another significant financial loss, the rumour mill has it that the billionaire-laden network will try to save money by cutting costs and staff in its news department. Again. And how will it keep the show on the road? Play Video Don’t Play Donald Trump’s tax…
Bankrupt mining magnate Joseph Gutnick’s wife has told an investigation into his financial affairs she knew little of his business interests but was “always signing things”. “I remember signing secretary a lot,” Stera Gutnick told an examination in the Federal Court on Monday. Mrs Gutnick and her son Mordechai are being questioned in the witness…
The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft norms in this regard. The proposal is to…