Axis Finance Ltd (AFL) has requested Raj Kamal Saraogi, the resolution professional overseeing personal insolvency proceeding against Subhash Chandra, to intervene and stop the amalgamation scheme between Zee Entertainment, Culver Max Entertainment (Sony) and Bangla Entertainment, a subsidiary of Sony. In a communication to Saraogi, AFL, the non-banking financial arm of Axis Bank, said Chandra’s…
The bankruptcy court has admitted VHM Industries to undergo the corporate insolvency resolution process (CIRP) and appointed Sunil Kumar Agarwal as the interim resolution professional (RP) for the Mumbai-based textile manufacturer. The decision of the Mumbai bench of the National Company Law Tribunal (NCLT) came on a petition filed by the State Bank of India.…
Insurance Commissioner Jim Donelons request to fast-track funding for an incentive program was rebuffed by state lawmakers this week, leaving the effort in limbo until the next legislative session starts in April. Donelon had urged lawmakers to allow him to use $15 million in leftover premium tax revenue that the insurance department collects to kickstart…
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Declared bankrupt, endured eight months in prison and now deported from Britain: How ‘Boom Boom’ Boris Becker flew back to Germany in a private jet to plot his most unlikely comeback yet with a media tour detailing his stunning fall from grace Boris Becker has been deported from the UK after being released from jail…
Boris Becker has been released from prison less than eight months after being sentenced over a $4 million bankruptcy fraud. Pic: Getty Tennis legend Boris Becker has been released from prison and deported back to Germany just months after being sentenced over a $4 million fraud. Becker was convicted of four charges under Britain’s Insolvency…
Disgraced former tennis superstar Boris Becker was due back in Germany on Thursday after being deported following his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said. The 55-year-old German six-time Grand Slam champion was released from custody in England and has left for Germany today,…
The 55-year-old was sentenced to two-and-a-half-years in jail at the end of April for breaking insolvency laws. Six-time grand slam champion Becker served just eight months of his sentence and it was confirmed by his lawyer, Christian-Oliver Moser, that he has returned to his native Germany – where he is subject to any restrictions. The…
Issued on: 15/12/2022 – 15:46 Berlin (AFP) Disgraced former tennis superstar Boris Becker was flying to Germany on Thursday after his release from a British prison where he served a sentence relating to his 2017 bankruptcy, his lawyer said. Advertising Read more The 55-year-old German six-time Grand Slam champion “was released from custody in England…
Scott Dylan is taking a look at the upcoming year for company insolvencies and what it’s going to look like for UK-based businesses. From creditors to landlords for in-debt companies, he’s evaluating all aspects of the situation. The pandemic has changed a lot for businesses in the UK and all over the world. One of…