A number of local councils in England, including Birmingham, Nottingham and Croydon, have effectively declared themselves bankrupt in recent years, and many more are at risk. A decade of cuts to local authority budgets and increasing demands on services such as social care are forcing councils to make difficult financial decisions. But its not just…
NEW DELHI: The National Company Law Tribunal (NCLT) on Monday admitted a petition filed by Indiabulls Housing Finance and directed initiation of personal insolvency proceedings against Subhash Chandra, the founder-chairman emeritus of Zee Entertainment Enterprises.Chandra had given a personal guarantee of around Rs 170 crore to a group entity Vivek Infracon and Indiabulls Housing Finance…
By Daily Mail Australia Reporter Published: 16:28 AEST, 22 April 2024 | Updated: 17:23 AEST, 22 April 2024 Major construction companies specialising in road building have collapsed, reportedly owing creditors more than $80million. Allroads Pty Ltd, a Brisbane-based civil constr… Read the full article at: https://www.dailymail.co.uk/news/money/article-13334977/allroads-80million-collapsed-administration.html
A personal insolvency arrangement (PIA) allowing a Co Meath couple to write off over 2.65m of debt owed to mainly financial funds has been approved by the High Court. Under the terms of the arrangement Thomas and Valerie Johnson will be able to retain their family home at Liscannor Lodge, Drumree Road, Dunshaughlin Co Meath.…
The National Company Law Tribunal (NCLT) in Delhi on April 22 admitted Indiabulls Housing Finance’s (IBHF) personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman emeritus Subhash Chandra over guarantees given to a company called Vivek Infracon. The tribunal in Delhi also dismissed pleas by IDBI Trusteeship and Axis Bank against Chandra’s admission to…
Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…
Australian EV charging company Tritium is facing financial collapse, with its directors declaring insolvency and putting the company into receivership. In a statement issued overnight to Nasdaq in New York, where it has been struggling to retain its listing because of a collapsing share price, company officials said Tritium DCFC Limited (DCFC) and three of its…
With this, IDBI Trusteeship and Axis Bank appeal against Chandra being admitted to personal insolvency has been rejected. 3 min read Last Updated : Apr 22 2024 | 7:25 PM IST The National Company Law Tribunal (NCLT) Delhi on Monday admitted Indiabulls Housing Finance’s (IBHF) personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman…
The National Company Law Tribunal (NCLT) admitted Subhash Chandra, Zee Entertainment Enterprises Ltd. (ZEEL) chairman emeritus, into personal insolvency following a plea by Indiabulls Housing Finance over guarantees given to Vivek Infracon. NCLT in Delhi dismissed pleas by IDBI Trusteeship and Axis Bank against Chandra’s admission to personal insolvency. Chandra’s admission to moratorium implies no…
The National Company Law Tribunal (NCLT) on Monday has admitted Zee Entertainment Enterprises Ltd. (ZEEL) chairman emeritus Subhash Chandra into personal insolvency on the plea filed by Indiabulls Housing Finance over guarantees given to a company called Vivek Infracon. Meanwhile, the tribunal in Delhi also dismissed pleas by IDBI Trusteeship and Axis Bank against Chandra’s admission…