Photograph: Shutterstock Last week, California Pizza Kitchen canceled its auction after no worthy bidders came forward to buy the casual-dining chain. The result: The company will likely end up in the hands of its lenders. That came the same week that Ruby Tuesday started its bankruptcy process with a plan that hands the keys to…
The interim moratorium under Section 96 Insolvency & Bankruptcy Code (IBC) shall continue to be in effect in all cases where an application under Sections 94, 95 has been filed, Delhi High Court said today as it listed the challenge to personal insolvency proceedings for arguments on November 10. (Anil Ambani vs SBI & Ors)…
One barrister has received more than 98% of the 1.25m paid to lawyers by the states Legal Aid Board for personal insolvency cases since 2016. Details released following a parliamentary question by Richard Boyd Barrett show that the barrister Keith Farry was paid 1.23m of the 1.25m in fees paid to lawyers representing debtors that…
One barrister has received more than 98% of the 1.25m paid to lawyers by the states Legal Aid Board for personal insolvency cases since 2016. Details released following a parliamentary question by Richard Boyd Barrett show that the barrister Keith Farry was paid 1.23m of the 1.25m in fees paid to lawyers representing debtors that…
–A +A KUALA LUMPUR (Sept 10): A total of 945 people, aged between 18 and 35 years, were declared bankrupt between January and July this year, said Deputy Minister in the Prime Minister’s Department, Datuk Shabudin Yahaya. He said that according to the Malaysian Insolvency Department (Mdl), more than 100 bankruptcy cases were recorded involving…
Creditors in western Nunavut who are still smarting over money owed to them by two bankrupt companies, Kitnuna Projects and Kitnuna Petroleum, could not learn much from a recent Kitikmeot Corp. update on the bankruptcies. The two companies, which declared bankruptcy last November, together owed more than $10 million to a long list of creditors,…
Its ships were crisscrossing the icy and remote waters of the Soviet North, bringing goods and manpower to bases and meteorological stations across a vast and desolate area. The Murmansk seaport was bustling with its ships and sailors and the downtown office building was a powerhouse in regional economy. It is all part of a…
Murmansk Shipping Company has been officially declared bankrupt by a local arbitration court in Russia this week, bringing to a close an 81-year chapter in Arctic maritime history. Bankruptcy proceedings will be carried out through to the end of March led by a court-appointed manager. Splash has reported on the decline of the line a…
Citizen TV owner SK Macharia is fighting a rearguard action against being declared bankrupt. The State Law Office published his bankruptcy notice in the Kenya Gazette on October 2. In the 1980s managing director of Oceanfreight Transport Livingstone Waithaka paid him Sh500,000 for a plot of land which was never transferred to him. He went…
Chartered Accountant and Personal Insolvency Practitioner Shelagh Marshall of Firm Advice has been presented with a Services Recognition Award 2020 by the Midwest Business Network. The award was created to recognise the services by an individual member to the Midwest Business Network, that were selfless and without expectation of compensation or payment. From the beginning…