The National Company Law Tribunals Guwahati Bench has extended the last date for the corporate insolvency process for Assam Company (India) Ltd. to July 23, 2018. This is the first major tea company to face insolvency proceedings. Significantly, industry players have expressed apprehension that other tea companies may also face similar proceedings. ACIL has tea…
The Riga City Latgale District Court has ruled against taking in custody former insolvency administrator Maris Spruds, who together with three other people was detained on fraud suspicions on April 26. Speaking to the press after the court sitting, Spruds said he had not been told to appear before the prosecuting authority so apparently no…
Controversial Sydney businessman Salim Mehajer will return to court in June to continue a bid to have his bankruptcy annulled. A NSW judge on Thursday refused to grant an application for an interim order to “stay” the bankruptcy after Mehajer’s lawyer argued a previous hearing should have been adjourned while his client was in custody.…
Controversial Sydney businessman Salim Mehajer will return to court in June to continue a bid to have his bankruptcy annulled. A NSW judge on Thursday refused to grant an application for an interim order to “stay” the bankruptcy after Mehajer’s lawyer argued a previous hearing should have been adjourned while his client was in custody.…
Controversial Sydney businessman Salim Mehajer, whose debts include an $8.6 million tax bill, has suffered a setback in his bid to have his bankruptcy annulled. Justice Michael Lee late on Thursday refused to grant the application for an interim order to “stay” the bankruptcy, ahead of a full hearing of his annulment bid in June.…
The number of people going bankrupt is expected to have jumped in early 2018 as households deal with post-Christmas debts and struggle to stretch credit limits further, according to an audit and restructuring firm. RSM predicts official figures for England and Wales will show a 14% year-on-year increase in the number of people being declared…
A town centre doctors surgery has closed with immediate effect after a GP was declared bankrupt. Health bosses have confirmed that the Abbey Surgery on Abbey Street in Accrington closed at the end of last week and that the situation was out of their control. A general practitioner at the surgery – Dr Alec Yolomoni…
By Press Association Published: 20:35 AEST, 26 April 2018 | Updated: 20:35 AEST, 26 April 2018 e-mail The number of people going bankrupt is expected to have jumped in early 2018 as households deal with post-Christmas debts and struggle to stretch credit limits further, according to an audit and restructuring firm. RSM predicts official figures…
Wipro, Indias third-largest software services exporter, reported on Wednesday fourth-quarter net profit slumped 20.5% from a year earlier to 1,800 crore after it made provisions for two insolvent customers. Wipros weak earnings contrast with the healthy profits posted by larger competitors Infosys and TCS. Earlier this month, Infosys said net profit for the fourth quarter…
A COURT hearing that ended in Salim Mehajer being declared bankrupt should have been adjourned because the controversial Sydney businessman was in jail at the time, his lawyer says. The former Auburn deputy mayor was declared bankrupt by a Federal Circuit Court judge in March, before he was granted bail in early April over claims…