Lord Sikka | Photo: UK Parliament Insolvency data is always closely analysed as a barometer of the commercial health of the nation. The figures for April show that after seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,177, 18% higher than in the previous month. However, it is the length…
The National Company Law Tribunal (NCLT) in Mumbai has admitted the State Bank of Indias application to initiate personal insolvency resolution proceedings against Rajkumar Nandlal Dhoot, promoter & co-owner of the diversified Videocon Group, for a Rs 5,353-crore default by the groups flagship company Videocon Industries Ltd. Dhoot was a personal guarantor against these loans.The…
The National Company Law Tribunal (NCLT) in Mumbai has admitted the State Bank of Indias application to initiate personal insolvency resolution proceedings against Rajkumar Nandlal Dhoot, promoter & co-owner of the diversified Videocon Group, for a Rs 5,353-crore default by the groups flagship company Videocon Industries Ltd. Dhoot was a personal guarantor against these loans.The…
BERLIN — German tour operator FTI said Monday that it is filing for insolvency protection from creditors, and trips that haven’t yet started will be canceled or scaled back. FTI Group, which describes itself as Europe’s third-biggest tour operator, said parent company FTI Touristik GmbH, was filing an application for the opening of insolvency proceedings…
The National Company Law Tribunal has ordered the start of insolvency proceedings against Jaiprakash Associates Ltd (JAL). This comes six years after lenders, led by ICICI Bank, first requested action. This information comes from a report in the Times of India.The decision will significantly affect the company’s real estate operations in Noida and Greater Noida,…
MUNICH, 5 June 2024: FTI Touristik GmbH, the parent company of the FTI Group, the third largest tour operator in Europe, filed an application for insolvency proceedings at the Munich Local Court on Monday. According to an FTI statement, only the tour operator brand FTI Touristik is directly affected by the insolvency filing. Subsequently, however,…
Aaron Salvestrin was once touted as a rising star of the industry. Photo: Sans Pareil. Griffith winemaker Aaron Salvestrin declared himself bankrupt just seven days after the Supreme Court ordered him to pay back several million dollars to creditors, an exclusive Region investigation has revealed. The 29-year-olds winery Sans Pareil Estate went into liquidation in…
The management consultancy Falkensteg reports that it carried out the acquisition process between the Turkish investor and Pepper Motion and specifies that the unnamed buyer will take over the companys operational capacities in Germany and the development expertise for modular electric and hydrogen drives. Pepper Motion specialised in zero-emission drive kits for new and existing…
The logo of the tour operator FTI (FTI Group) is on the company headquarters in front of a travel agency. German travel group FTI Touristik GmbH, the parent company of the FTI Group, Europe’s third-largest tour operator, has filed for insolvency. dpa German travel group FTI Touristik GmbH, the parent company of the FTI Group,…
The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Carl Williams widow Roberta…