Category Archives: Bankruptcy

Axis Bank case: HC vacates interim order restraining NCLT – The Hindu

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DEAL: Redx Pharma’s corporate rescue – International Financial Law Review

Redx Pharmas transition from administration back to trading on AIM is an unprecedented move for a UK company. The UK-based drug R&D company was declared insolvent in May after missing a repayment deadline for a £2 million ($2.62 million) secured loan from Liverpool City Council dating from 2012. It was…

Kewell, Viduka and those record-setting World Cup Socceroos: Where are they now? – FourFourTwo

Mark Schwarzer The former Middlesbrough and Fulham No.1 currently holds the record for the most caps for the Australia senior team with 109 and is the only non-British player to date to make more than 500 appearances in the Premier League. He was also the first player to win back-to-back EPL titles with two different…

Company faces insolvency proceedings for not paying salary to employee – Moneycontrol.com

The New Delhi bench of the National Company Law Tribunal has started corporate insolvency resolution proceedings (CIRP) against Applied Electro Magnetic for not paying salary to an employee for a long time, the Times of India reported. This is possibly the first ever instance of NCLT giving such a ruling under the Insolvency and Bankruptcy Code…

Kewell, Viduka and those record-setting World Cup Socceroos: Where are they now? – FourFourTwo

Mark Schwarzer The former Middlesbrough and Fulham No.1 currently holds the record for the most caps for the Australia senior team with 109 and is the only non-British player to date to make more than 500 appearances in the Premier League. He was also the first player to win back-to-back EPL titles with two different…

Venezuela Just 24 Hours Away From Formal Declaration Of Default – Yahoo News

Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never been closer to an official default after Reuters reported that…

Banks using cynical legal manoeuvres to avoid mortgage write-downs – Irish Times

You think the tracker mortgage scandal is bad? Wander down to the Four Courts in Dublin some Monday and pop up to Court 11 to witness banks not facing up to reality on a near weekly basis. The list of personal insolvency cases coming before Ms Justice Marie Baker is as good a place as…

Townsend expects stern test despite Samoa cash crisis – Yahoo7 Sport

Edinburgh (AFP) – Scotland coach Gregor Townsend has told his side to prepare for a typically proud Samoa at Murrayfield on Saturday regardless of the financial meltdown that has engulfed the Pacific islanders. Townsend expects stern test despite Samoa cash crisis This week saw the Samoa Rugby Union declared bankrupt by chairman Tuilaepa Sailele Malielegao,…

World Rugby increases funding amid Samoa crisis – beIN SPORTS AUSTRALIA

SUBSCRIBE TO beIN SPORTS TO WATCH A FEAST OF INTERNATIONAL RUGBY IN NOVEMBER DON’T WANT TO FIGHT THE ALARM? CATCH UP VIA beIN SPORTS CONNECT World Rugby has increased its funding in Pacific Islands teams after the Samoa Rugby Union (SRU) was declared bankrupt. Samoan prime minister Tuilaepa Lupesoliai Sailele Malielegaoi, the SRU chairman, issued a fundraising…

Salary dues to employee lands company in insolvency court – Times of India

Coimbatore: Companies with salary dues of more than Rs 1 lakh better watch out. In perhaps the first such ruling under the Insolvency and Bankruptcy Code (IBC), the National Company Law Tribunal (NCLT), New Delhi bench, has initiated corporate insolvency resolution proceedings (CIRP) against Noida-based Applied Electro Magnetic for failing to pay employee’s salary dues…