Anil Ambani will approach National Company Law Appellate Tribunal (NCLAT) against an order by the Mumbai bench of National Company Law Tribunal (NCLT) allowing bankruptcy proceedings against him. A spokesperson on Ambani’s behalf assured that the NCLT order will have no bearing on the operations of companies under the Reliance Group – Reliance Infrastructure, Reliance…
Written by Aashish Aryan , Edited by Explained Desk | New Delhi | Published: August 21, 2020 4:40:13 pm Anil Ambani during a media interaction in Mumbai. File/Express Photo by Ganesh Shirsekar The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the initiation of insolvency proceedings against Anil Ambani after two companies…
Director Peter Lucas said it was crucial support for insolvency experts was not abandoned before a wave of company failures hit the economy. “There will inevitably be company failures and if we are not there then there is going to be serious problems,” Mr Lucas said. “It’s important that insolvency firms stick around for as…
Friday’s (AEST) result at the Stadio Alberto Picco made it 1-1 on aggregate, with Spezia moving up to the top flight due to their superior position in the table at the end of the regular season. It completes a miraculous recovery for a club that was declared bankrupt following their relegation from Serie B in…
Data centres have become one of the hottest property sectors in 2020 Australias Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europes fast-growing data centre sector. However, that opportunity may…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 53 bankruptcies in week 33. This is 12 up on the previous week. In addition, 8 sole proprietorships were declared…
Data centres have become one of the hottest property sectors in 2020 Australias Cromwell Property Group appeared to have latched onto a hot opportunity last month when it announced a new investment platform, together with a pair of partners, that would soon invest $1 billion in Europes fast-growing data centre sector. However, that opportunity may…
Being declared bankrupt can seem a very daunting process, there is often a lot of uncertainty around how the system works and what you are and are not allowed to do, writes John Lynch of Lynch Solicitors. But the process can be quite straight forward. What does it mean? Essentially, if you are not able…
Orange people love their cars and new figures have revealed just how far the love affair extends. The number of registered vehicles in Orange has risen by 13.5 per cent in five years, according to the Australian Bureau of Statistics’ latest snapshot of Orange released this week. It shows we are buying far more light…
CONMAN PETER FOSTER’S COLOURFUL PAST Early Years As a teenager in the late 1970s, Foster began promoting nightclubs and boxing matches on the Gold Coast. But he was declared bankrupt in the early 80s after trying to sell tickets for a Muhammad Ali fight in Australia that never came off. He was also fined $A100,000…