Jun 03 2021, 8:28 AMJun 03 2021, 5:52 PMJune 03 2021, 8:28 AMJune 03 2021, 5:52 PM cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy for that you may thank the ingenuity of various stakeholders…
A Taiwanese businessman who used to own one of the worlds biggest shipping empires before losing almost everything in the financial crisis is seeking to leave Britain after years of legal disputes and a spell in prison. Nobu Su, who was released from Pentonville prison in April last year having been detained for breaching a…
On October 17, at around 5 pm, R Subramaniakumar, the administrator of Dewan Housing Finance, received an unusual letter from an inmate of Taloja jail near Mumbai. The nine-page letter was from the finance companys erstwhile promoter Kapil Wadhawan, detailing an offer to settle all dues in exchange for taking back control of the firm.…
Katie Price has responded to rumours shes due to enjoy a huge pay day by joining Big Brother Australia this summer. The former glamour model, 43, was said to be in talks to join the Aussie reality show. Katie has struggled with financial woes for years now, and has been declared bankrupt. Read more: Katie…
{{featured_button_text}} MATTOON Taneya Higginbotham spoke to the Kiwanis Club of Mattoon about The RealiTea ProjecT during a recent Kiwanis Zoom meeting. Higginbotham, the project developer, described the project mission as: Discussing the reali-tea on racial injustice and racial equity to stimulate righteous actions and transform communities. Higginbotham Return to homepage Please subscribe to keep reading.…
Grant Evan Donley of Sydney, NSW has been disqualified from managing companies for two years for his role in the failure of three companies and trading while insolvent. The three construction companies specialised in interior fit-outs. They include: Conceptual Interiors NSW Pty Ltd A.C.N 165 311 795 (Conceptual Interiors NSW); Conceptual Interiors Group Pty Limited…
A federal judge’s ruling this week could shield the Sackler family from Massachusetts’ lawsuit over the family’s role in the opioid epidemic, and Attorney General Maura Healey is not happy about it. Healey was among the first state attorneys general to file lawsuits against both Purdue Pharma and members of the Sackler family – who…
The federal government appears to have declared war on retirement. Unlike other wars, this one isnt only undeclared, it wasnt even intended. But, intended or not, the federal government has taken a series of steps that have given us a war nonetheless. Ironically, this war began with Social Security in 1935. Rather than establishing a…
Sudbury MP PaulLefebvresays more could have been done to help Laurentian University before it declared itself financially insolvent, but a lack of communicationstymied the process. Laurentian’s restructuring under the insolvency processallows it to stay operating while dealing with its financial situation, but dozens of programs and staff have been cut. Lefebvre says when he met…
Bangkok, Jun 3 (EFE).- Malaysia has received 336 million ringgits ($81 million) from audit firm Deloitte as part of a settlement related to the 1Malaysia Development Berhad (1MDB) scandal, authorities reported Thursday. The country has so far received 16.386 billion ringgits ($3.9 billion) of seized and repatriated 1MDB funds, the finance ministry added in a…