The late Sam Henderson. Insolvency Options principal Darren Vardy. Recently deceased insolvency practitioner Sam Henderson was seemingly in the thick of things to the very end, with a Federal Court judgement detailing meetings the former Jirsch Sutherland partner had with a liquidator in the weeks before he was found dead at a North Sydney hotel…
New Delhi: In a relief for Go First airline, the National Company Law Appellate Tribunal on Monday upheld the National Company Law Tribunal’s order on the Wadia Group-backed airline’s insolvency proceedings, thus keeping the moratorium in place for the airline’s aircraft. In the petition filed by one of the lessors SMBC Aviation Capital, the tribunal…
Last week, we reported that the number of housing construction companies declared insolvent had reached a nine-year high, signaling an insolvency Armageddon for the countrys home builders. According to Michael Bleby at The AFR, builders behind more than 5200 homes, worth a collective $2.2 billion, have collapsed since 2021. So far this financial year alone,…
Former Liverpool and England footballer John Barnes has paid his money that was owed to the tax authority. Barnes, 59, was facing bankruptcy back in December over an unpaid tax bill of over 200,000. The ex-Liverpool winger was the subject of a bankruptcy petition from HM Revenue & Customs (HMRC) for the seventh time but…
Uncertainty prevails over Go Firsts resumption of flights as the National Company Law Appellate Tribunal (NCLAT) asked the lessors to approach the adjudicating court to determine the status of moratorium on seizure of aircraft. The NCLAT however upheld Go Firsts voluntary insolvency resolution proceedings. The order dated May 10, 2023 allowing insolvency is upheld, said…
KUALA LUMPUR: The second reading of the amendments to the Insolvency Act 1967 is expected to be tabled this week in Parliament, says Datuk Seri Azalina Othman Said. The Minister in the Prime Minister’s Department (Law and Institutional Reforms) said this follows its first reading at the Dewan Rakyat on Monday (May 22). The amendments…
NEW DELHI: As the insolvency issue of SpiceJet heats up, prior red-flagging to the company by the Directorate General of Civil Aviation (DGCA) had pointed out long awaited trouble for the aviation giant.Last year itself the DGCA had warned the airline after noticing various anomalies regarding its service.“Financial assessment carried out by DGCA revealed SpiceJet…
Valtteri Bottas is helping save the KymiRing circuit in his native Finland from collapse, after it recently declared bankruptcy. The facility was completed in 2019 and can host both MotoGP and Formula 1 races, but the track was hit with issues when it tried to host its first events due to the COVID-19 pandemic. Plans…
‘If you want the truth, join me’: Katie Price announces new career move with sister Sophie as her bankruptcy hearing draws near By Sean O’grady For Mailonline Published: 18:40 AEST, 20 May 2023 | Updated: 18:45 AEST, 20 May 2023 Katie Price has announced a new career move as … Read the full article at:…
(MENAFN– Trend News Agency) BAKU, Azerbaijan, May 20. Azerbaijan’s Gunay Bank OJSC, whose license was revoked by the Central Bank of Azerbaijan (CBA) on May 16, has been declared bankrupt, trend reports. This decision was made by the Baku Commercial Court. According to the decision, the Azerbaijan Deposit Insurance Foundation was appointed as the liquidator…