Indiabulls revives personal insolvency plea against Subhash Chandra Indiabulls Housing Finance (IBHF) revived the personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman emeritus Subhash Chandra over guarantees given to a company called Vivek Infracon. IBHF’s lawyer Sumesh Dhawan argued the case for over an hour at the National Company Law Tribunal (NCLT) on…
Insolvency figures for January have confirmed there was no post-Christmas boost for businesses in the South and Thames Valley. R3, the trade body for restructuring and insolvency professionals, noted that although the new statistics for England and Wales showed a dip when compared with December, insolvencies are up from January last year and against pre-pandemic…
A building company has collapsed after a long, drawn-out death, placing the fate of at least a dozen projects into jeopardy. On Wednesday, the Victorian Supreme Court ordered Apex Homes Australia Pty Ltd to go into liquidation. Judicial Registrar Gitsham forced the Melbourne-based construction company to liquidate on the grounds of insolvency and she said…
Normal text sizeLarger text sizeVery large text size Colourful Sydney racing identity Eddie Hayson has been arrested on the Gold Coast over the alleged nationwide supply of a commercial quantity of drugs including ice. Strike Force Maimura has targeted an organised crime group which allegedly used private planes and encrypted devices to move drugs across…
Normal text sizeLarger text sizeVery large text size Colourful Sydney racing identity Eddie Hayson has been arrested on the Gold Coast over the alleged nationwide supply of a commercial quantity of drugs including ice. Strike Force Maimura has targeted an organised crime group which allegedly used private planes and encrypted devices to move drugs across…
Normal text sizeLarger text sizeVery large text size Colourful Sydney racing identity Eddie Hayson has been arrested on the Gold Coast over the alleged importation of a commercial quantity of the drug ice. NSW police intend to apply to Southport Magistrates Court for Haysons extradition to NSW where he is expected to be charged in…
Colourful Sydney racing identity Eddie Hayson has been arrested on the Gold Coast over the alleged importation of a commercial quantity of the drug ice. NSW police intend to apply to Southport Magistrates Court for Haysons extradition to NSW where he is expected to be charged in relation to the alleged methamphetamine importation. Controversial punter…
Skittish creditors are taking matters into their own hands and forcing companies to liquidate over fears of never seeing their money again. New data from the corporate regulator, the Australian Investments and Securities Commission (ASIC), has revealed that the number of court-appointed company liquidations has spiked drastically. In the first six months of the current…
In a courtroom in Cork, a narrative of financial recovery unfolded that not only changed the life of Marian Phillips, a retired shopkeeper, but also set a precedent for personal insolvency cases across Ireland. Facing the possibility of bankruptcy and the loss of her home due to crippling debt from high-interest loans, Phillips has been…
The latest insolvency data for England and Wales has landed and according to R3, which is the trade body for the insolvency and restructuring sector, the headlines could be interpreted as positive news. However, deeper analysis of personal and corporate casualties, R3 suggest, points to concern against a backdrop of cost pressures amid the cost…