Insolvent KVV Liepajas Metalurgs posts EUR 26.145 mln in losses in 2016 – The Baltic Course

The insolvent joint-stock company KVV Liepajas Metalurgs posted EUR 26.145 million in losses in 2016, while the company’s turnover amounted to EUR 14.163 million, writes LETA, according to Firmas.lv. In 2015, KVV Liepajas Metalurgs turned over EUR 69.356 million and posted EUR 8.366 million in losses. As reported, Liepajas Metalurgs metallurgical plant based in the…

NCLT admits insolvency proceedings against Lanco Infratech – Livemint

The Hyderabad bench of NCLT accepted the petition against Lanco Infratech moved by IDBI Bank and appointed Savan Godiawala as the interim insolvency professional. Mumbai: The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against Lanco Infratech Ltd, among the 12 identified cases referred to the tribunal following the Reserve Bank of Indias 13…

NCLT classifies Jaypee Infra as insolvent, home buyers left high and dry – Moneycontrol.com

Dhirendra Tripathi Moneycontrol News The Allahabad bench of the National Company Law Tribunal on Wednesday accepted lender IDBI Banks plea and classified Jaypee Infratech as an insolvent company. With this, the board of directors of the company remains suspended. The Tribunal will now appoint an insolvency resolution professional — an official from one of the…

Grim reading: Highest number of Rocky people crushed by debt in years – Rockhampton Morning Bulletin

PEOPLE are still doing it tough in Rockhampton, according to the latest personal insolvency statistics released by the Australian Financial Security Authority (AFSA). AFSA describes a personal insolvency arrangement as a strategy to help people manage their debts to avoid bankruptcy. During the second quarter of 2017 (March – June) for Rockhampton, the number of…

NCLT admits IDBI Bank’s insolvency plea against Jaypee Infratech – Livemint

As on 31 March, the consolidated debt of Jaypee Infratech was over Rs7,922 crore with a negative interest coverage ratio. Graphic: Ajay Negi/Mint Mumbai: The Allahabad bench of the National Company Law Tribunal (NCLT) on Wednesday admitted insolvency proceedings against Jaypee Infratech Ltd, one of the 12 companies referred to the tribunal following the Reserve…