Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. TopicsBanks|Indian promoters|Supreme Court Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid…
Download CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2017 July 266 2017 August 231 2017 September 237 2017 October 261 2017 November 251 2017 December 269 2018 January 273 2018 February…
NEW YORK (AP) U.S. Senate Majority Leader Chuck Schumer on Sunday called on the Justice Department to investigate the National Rifle Association for bankruptcy fraud, saying the financially stable gun-rights group abused the system when it sought bankruptcy protection in the wake of a New York lawsuit seeking to put it out of business. A…
The late womans son, who asked not to be identified, said he was also considering legal action after months of delays by Chronos Care management. He said he had been repeatedly told by the company that it was unable to refund the bond because it was in the process of refinancing and had been badly…
A DEBT expert who ran up nearly 40,000 of rent arrears on his 1.5million home has been declared bankrupt. Alan Harty, 41, failed to comply with an order to pay cash outstanding for 11 missed monthly payments. 1 Debt expert Alan Harty has gone bankrupt The money guru was taken to court by Glasgow-based landlord…
In a bid to address information asymmetry among investors, stock exchanges, BSE and NSE, on Friday came out with a framework for dealing with companies undergoing corporate insolvency resolution process. In the recent past, the exchanges have come across instances where the approved resolution plan provides for delisting of the company or write off/cancellation/extinguishment of…
I dont normally get to put a positive spin on the thorny topic of debt, but the latest 2020 Annual Report from the Insolvency Service of Ireland (ISI) has some good things in it. irst are the numbers of Personal Insolvency Arrangements (PIAs), down 3pc(only 3pc, that is, due to the pandemic clogging up courts…
Insolvency proceedings against OYO Hotels and Homes Pvt Ltd (OHHPL) have been dismissed by the National Company Law Appellate Tribunal (NCLAT) despite multiple hoteliers claiming unpaid debts by the company. Why was OYO undergoing insolvency proceedings? OYO was undergoing insolvency proceedings over a Rs 16-lakh claim made by a Gurgaon-based hotelier against the company. Newsletter…
LAVAL, QUE. — After speaking to some 20 families who lost millions in deposits when local real estate developer Bel-Habitat went bankrupt last week, Laval Mayor Marc Demers is promising support. “Given the magnitude of the situation, we have asked the general management to look at the tools we have available to help you,” he…
Corporate bankruptcies have gone up By the results of the first half of the year, the number of corporate bankruptcies in Russia has increased for the first time since 2017, according to the statistics published by the Fedresurs service on 7 July. In comparison with the first half of 2020, this year the growth has…