MUMBAI: Debt-laden company Electrosteel Steels, that is undergoing insolvency resolution, reported a quarterly increase in losses for the quarter ending September, which is when the company started the resolution process with a court-appointed resolution practitioner. Losses at the company widened by 22% to Rs 29,666 crore from Rs 24,219 crore in the quarter ending June.…
Billionaire Anil Ambani controls mobile phone operator Reliance Communications The first default on US dollar bonds by an Indian company in 15 months may become a closely-watched test case for how international creditors will fare under the country’s new bankruptcy laws. Reliance Communications Ltd., the mobile phone operator controlled by billionaire Anil Ambani, failed to…
New Delhi: Debt-ridden Jaiprakash Associates said on Monday that alongwith JSW group, it has shown interest in completing real estate projects of group firm Jaypee Infratech as per the insolvency resolution plan. Jaiprakash Associates Ltd (JAL), part of the Jaypee group, also said that the Jaypee Infratech Ltd (JIL) has more assets than liabilities and…
Theres the debate on executive remuneration and how directors should think about the quantum of executive pay in an environment where there are concerns about the impact of income inequality. ” How do directors think about reputation management and the sustainability of brand in this environment of concern?” Theres discussion over the need for directors…
KUALA LUMPUR: The number of Malaysians under 30 years old declared bankrupt from January to September 2017 due to credit card debts declined to nine individuals compared to 22 last year. Deputy Finance Minister, Datuk Othman Aziz, said one of the major causes of bankruptcy among younger generation due to credit card debt was the…
NEW DELHI: The government is considering amending its insolvency law to prevent existing promoters of bankrupt companies from reacquiring them during the resolution process at a steep discount. The current Insolvency and Bankruptcy Code, passed last year, does not prevent promoters from bidding for these stressed assets during the resolution process. Some owners are reported…
Opinion Jonathan Thornton 13 Nov 2017 02:58pm It is a common misconception that trading whilst insolvent is an offence and one that leads to personal liability on the part of the directo… Read the full article at: http://economia.icaew.com/en/opinion/november-2017/insolvency-litigators-turning-to-third-party-funding
KUALA LUMPUR: The number of Malaysians under 30 years old declared bankrupt from January to September 2017 due to credit card debts declined to nine individuals compared to 22 last year. Deputy Finance Minister, Datuk Othman Aziz (pix), said one of the major causes of bankruptcy among younger generation due to credit card debt was…
reader comments 1 Share this story History of the Amiga The A-EON Amiga X5000: An alternate universe where the Amiga platform never died A history of the Amiga, part 10: The downfall of Commodore People still use the Amiga today, and new Viva Amiga documentary shows why A history of the Amiga, part 9: The…
UPDATE 9.45pm: LATE last year the former wife of Boutique nightclub owner Darren “Razzle” Thornburgh was left shaken after shotgun fire peppered her luxury Port Melbourne house in a drive-by shooting in the early hours of Friday morning. Police say Denise Thornburgh and her teenage daughter were asleep inside the upmarket, cream-coloured home on Beacon Vista,…