A BUILDING supervisor who was assaulted at the Queen Elizabeth Hospital by an employee has been awarded more than $800,000 in damages, but is unlikely to see any money because his attacker is bankrupt. District Court Judge Rauf Soulio awarded former gyprocker and building supervisor Andrew Kent $815,624 in compensation for past, current and future…
Seven West Media paid $100,000 for Carl Williams’ prison diaries and the participation of his former wife, Roberta, in a Sunday Night special that cast the slain drug lord and multiple murderer as a “soft and gentle” man. The segment that ran on Seven’s flagship current affairs program last July featured family members eulogising Carl…
Parma, demoted to the fourth tier of Italian football after being declared bankrupt two years ago, will play in Serie B next season after winning promotion for the second time in a row. The former UEFA Cup winners beat Alessandria 2-0 in the playoff final of Lega Pro, the third tier of Italian football on…
New Delhi, June 17: Lanco Infratech today said the Reserve Bank has directed its lead lender IDBI Bank to initiate insolvency proceedings for the company under the Insolvency and Bankruptcy Code (IBC). Lanco Infratech Limited (LITL)…vide letter dated June 17, 2017, intimated under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that…
MILAN, (Reuters) – – Parma, demoted to the fourth tier of Italian football after being declared bankrupt two years ago, will play in Serie B next season after winning promotion for the second time in a row on Saturday. The former UEFA Cup winners beat Alessandria 2-0 in the playoff final of Lega Pro, the…
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Currently, at least 81 corporate insolvency resolution processes are going on under the IBC. Corporate Persons Regulations, 2017, also states that the adjudicating authority may, if satisfied, extend the period of 90 days by 45 days for the completion of the resolution process. But the Reserve Bank of Indias selection this week of 12 accounts…
Essar Steel, Bhushan Steel, ABG Shipyard, Electrosteel and Alok Industries are among the 12 borrowers referred by the RBI for insolvency proceedings, a senior public sector banker said today. Banks will move for insolvency proceedings in these 12 cases after due process defined under the Insolvency and Bankruptcy Code (IBC), the banker added. When reached…
If you or members in your family are finding things tough, youre not alone. Statistics released by the Federal agency responsible for bankruptcies show a 27 per cent increase over the year in formalised arrangements made under the Bankruptcy Act. The figure includes a 15 per cent increase in bankruptcies over the same period, a…
Kolkata, June 16 () As many as 110 cases have been admitted by the National Company Law Tribunal for resolution of corporate insolvency. “110 transactions have been admitted by the NCLT for corporate insolvency resolution,” Insolvency and Bankrupcy Board of India’s chairman M S Sahoo said at a programme at Merchants’ Chamber of Commerce. In…