Photo: PTI Union Finance Minister Arun Jaitley Previous laws were only partly effective in resolving the problems of insolvency and bankruptcy in the corporate world and one would have to wait to judge the effectiveness of the current mechanism to deal with the issue, Finance Minister Arun Jaitley said today. “Earlier, if companies were for…
MUMBAI: Finance Minister Arun Jaitley said on Saturday that while previous laws were only partly effective in resolving the problems of insolvency and bankruptcy in the corporate world, one would have to wait to judge the effectiveness of the current mechanism to deal with the issue. “Earlier, if companies were for insolvency, they got stuck…
According to high-profile Sydney art dealer Tim Goodman, if Facebook’s Mark Zuckerberg had his way Michelangelo’s statue of David would be draped in a respectable loin cloth while Norman Lindsay’s randy nymphs would be relegated to a sleazy back room at the Art Gallery of New South Wales, well out of public view. Goodman has come…
In business, as in life, it’s good to have a Robin to your Batman, a Goose to your Maverick. In the case of Myer, chief executive Richard Umbers has now assembled the Flying V. The executive level shake-up was brought on after the sudden departure of the retailer’s deputy chief executive and Mr Umbers’ key…
According to high-profile Sydney art dealer Tim Goodman, if Facebook’s Mark Zuckerberg had his way Michelangelo’s statue of David would be draped in a respectable loin cloth while Norman Lindsay’s randy nymphs would be relegated to a sleazy back room at the Art Gallery of New South Wales, well out of public view. Goodman has come…
Board of Jyoti Structures suspended w.e.f. 12 July 2017 Jyoti Structures announced that the Company has been going through financial difficulty. One of the Lenders i.e. State Bank of India had filed application for initiation of corporate insolvency resolution process (CIRP) of the Company as per the provisions of the Insolvency and Bankruptcy Code…
A Melbourne builder is being hunted by angry tradesmen who claim they are owed millions of dollars for work on an apartment complex in which underworld figure Mick Gatto has a financial interest. Key points: A number of contractors walked off job in West Melbourne last month over non-payment of bills Imagebuild Group…
Former Australian supermodel Kristy Hinze may be married to one of the wealthiest men on the planet, but all those billions are no good to her brother Guy Hinze and his wife Lauren who have been forced to place their once successful baby goods emporium business into voluntary administration. A notice on the Bubs Baby…
An Auckland-based business called Very Successful Company Limited will soon cease to exist after it went into liquidation. The company is in the process of being removed from the Companies Office and wound up. Liquidator Douglas Fisher was appointed late last year to liquidate the business but said this was not for financial reasons. “It’s…
Lanco Infratech Ltd, against which Corporate Insolvency Resolution Process has been initiated, has said that the management of the affairs of the company vests with Savan Godiawala, who has been appointed as the Interim Resolution Professional. Mr.Godiawala was appointed as the IRP with effect from August 7, under the provisions of the Insolvency and Bankruptcy…