Listen to this post In a previous blog post, we had stated that there exists no statutory regime for recognition of foreign insolvency judgments or proceedings in India. Hence, it remained unclear whether Indian courts would recognise and give effect to foreign insolvency interim orders or judgments. In 2018, the Ministry of Corporate Affairs[1] recognised…
Model and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
ByVinod Rajput May 06, 2024 09:14 AM IST Share Via Copy Link ATS Heights Private Limited allegedly defaulted in payment of 285 cr and 47 cr to the lender thus inviting the insolvency process, said the NCLT order NOIDA: The national company law tribunal has started corporate insolvency resolution process against ATS Knightsbridge project, a…
AMSTERDAM Trade Bank, a subsidiary of Russias Alfa Bank focused on commodity finance and shipping, has been declared bankrupt following difficulties stemming from international sanctions targeting Russia. While ATB itself had not been sanctioned, the bank said that US and British sanctions had caused operational difficulties, as the majority of ATBs counterparties, including corresponding banks… find…
Katie Price is said to be at ‘real risk’ of losing her 2million Mucky Mansion and could be left “homeless” amid her growing money woes. The model hit headlines last week after she swerved her second bankruptcy hearing and opted to jet off to Cyprus with her new boyfriend JJ Slater instead. Katie was declared…
CHITRAL: No country would like the name of financial default let alone practically going into bankruptcy. In Pakistan we have been hearing the words bankruptcy and default for quite some time. Then we suddenly hear that the IMF is giving further loan to avert the immediate threat and resultantly a buoyant and victorious mood sets…
3 min read Last Updated : May 04 2024 | 6:09 PM IST Amid several bottlenecks, the Insolvency Bankruptcy Board of India (IBBI) declared 2023-24 as a landmark year, with the National Company Law Tribunal achieving a significant 43 per cent increase in resolutions, jumping from 189 cases last year to 270 this year. The…
Join the most important conversation in crypto and web3! Secure your seat today Belgian cryptocurrency lending platform Bit4You has suspended its operations after one of its service providers, CoinLoan, was declared insolvent by a court in Estonia. Bit4You learned of CoinLoan’s insolvency on April 24, and that it no longer has necessary registration as a…
Volocopter CEO Dirk Hoke recently told German media that the eVTOL developer may need to look at insolvency options, after the company failed to secure loans from the Baden-Wrttemberg and Bavarian states to support its electric aircraft development. Volocopter has been transparent that the fundraising market has been difficult in the past few years, Hoke…
The U.K.s second-largest city declared bankruptcy last year. The city council of Birmingham, located in the countrys midlands, was slammed with a ginormous equal-pay claim worth up to 760 million ($955 million), following which it said the council had insufficient resources to make those payments. As a result, the council was forced to make drastic…