Bari Palma, a candidate for the Kerowagi Open Seat, was declared insolvent (bankrupt) by the National Court on June 1, 2017. This decision was based on Palma failing to pay the taxed costs of an unsuccessful election petition he had filed previously against the sitting MP, Camillus Dangima Bongoro. According to court documents, Palma owes…
The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…
Company’s debts stood at Rs, 1000 crore at June-end in 2014 Veena Mani | New Delhi June 3, 2017 Last Updated at 00:58 IST Elder Pharmaceuticals has filed for insolvency, in an attempt to restructure its debt, accordin… Read the full article at: http://www.business-standard.com/article/companies/elder-pharma-files-for-insolvency-117060201220_1.html
Creditors across the border will have to wait to be part of the insolvency process in India.While the sections pertaining to cross-border insolvency in the Insolvency and Bankruptcy Code have been notified, the rules are yet to be framed. M S Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI), says…
Pimenton mine in Chile goes bankrupt High-grade gold mine runs out of cash Andrew Topf | Jun. 2, 2017, 11:43 AM | | One of the world’s highest-grade gold mines has been closed and its operator has declared bankruptcy due to a lack of working capital. The Pimenton mine, owned by Toronto-based Cerro Grande Mining (CNSX:CEG),…
Galway Bay fm newsroom 190 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years. Thats according to the latest report from the Insolvency Service of Ireland. The report cover the period from the beginning of 2014 to the first quarter of this year. It reveals that 84 people…
By Giles Parkinson on 2 June 2017 The future of the largest retailer of rooftop solar modules, Eurosolar, is in doubt after the companys parent entity was served with a winding up order application by the Australian Tax Office. The notice was served through law firm Hunt & Hunt to P & N NSW Pty Ltd which the…
Nagpur: After the Insolvency and Bankruptcy Code was implemented in December last, seven cases related to companies with a Nagpur link have been filed. The code has a faster system for resolution of Non-Performing Assets (NPA). The case can be filed by both borrower or lender, with the option of reviving the company considered before…
The assets of recently bankrupt battery hopeful Aquion were sold to Austrian energy storage firm, BlueSky Energy, according to Germany’s SolarServer. With the help of Google Translate and with the disclaimer that mein Deutsche ist sehr shlecht, here are some of the details: A bid from Austria’s BlueSky Energy for Aquion’s assets was accepted by…
Rickmers has filed for insolvency after it announced a restructuring plan had failed to win approval of bondholder HSH Nordbank. The German shipping company, a 114-vessel charterer and owner of container, dry bulk and Ro-Ro ships, announced in a company email that the insolvency application had been filed and that the court had received it. It added that it could not…