One of the most contentious resolutions under the Insolvency and Bankruptcy Code (IBC) is that of Dewan Housing Finance, a case that involved one of the largest declared loot by a promoter right under the gaze of the bankers, auditors, credit rating agencies and a so-called board of directors. The RBI, which had failed to…
A waste dump that became so choked withrubbish it was declared a “catastrophic fire risk”is now halfway to being cleared as tough new “waste crime” laws give authoritiesextra powers. Key points: The site inGeelong has frustrated authorities and prompted emergency plans for a nearby school Too much asbestos was found in the waste for any…
Law360, London (June 21, 2021, 7:01 PM BST) — A former solicitor and ex-director of Claims Direct PLC, who made millions before it eventually collapsed, deceived the company into handing over 9.75 million ($13.5 million) for a stake in his law firm, a judge ruled. Brian Rawling, sitting as a judge at the High Court…
{{featured_button_text}} CHARLESTON A 10-year-old girl was rescued Sunday from the Embarras River after her kayak had capsized. According to a news release from the Lincoln Fire Protection District, emergency crews were dispatched to County Road 420 North in Coles County around 11:05 a.m. after learning that a girl was stranded on a log in the…
21 June 2021 Consultancy.uk 1 min. read Restructuring consultancy Buchler Phillips has appointed Jo Milner as a Partner. The move sees her return to the firm after 25 years working at a range of large professional services firms, including PwC. Commenting on the news, Buchler Phillips co-founder and Chairman David Buchler said, Its great to…
Asuransi Jiwa Kresna (Kresna Life) has been declared bankrupt by the Supreme Court which granted a petition for the insurer’s bankruptcy on 8 June 2021. The petitioners were six Kresna Life customers. Other clients though are seeking a judicial review of the bankruptcy decision so that it could be overturned. They want Kresna Life to…
Fuelled by a huge unsatiated appetite for freedom of exit, the insolvency law is changing the way the society perceives business failures as it becomes a reform by, for and of the stakeholders, according to IBBI Chairperson M S Sahoo. Little over five years after its enactment, the Insolvency and Bankruptcy Code (IBC), which provides…
The chief executive of the Legal Aid Board (LAB) has said it is clearly unhealthy for one barrister, Keith Farry, to be given the vast majority of personal insolvency cases by personal insolvency practitioners (PIPs), which are then funded by the state. The board is considering using its powers to force PIPs to use other…
image copyrightScience Museum Groupimage captionA Vox Phantom guitar used by Joy Division’s Ian Curtis will go on display for the first time An exhibition charting the rise of Factory Records from punk-inspired start-up to “influential force” has opened in the city it called home. The Manchester label grew out of a club night, which started…
Advice LBV Hub Financial Services Jonathan Amor, restructuring and insolvency partner at Azets, the UKs largest regional accountancy and business advisors to SMEs, comments on the May 2021 corporate and personal insolvency statistics for England and Wales. Corporate insolvencies Jonathan said: The figures released today for May 2021 show a slight increase in corporate insolvencies…