Ken Rosewall owned now defunct stockbroking firm BBY with his son, Glenn Rosewall. Photo: Jesse Marlow Liquidator KPMG’s report into BBY has unmasked the scale of compliance shortcomings and dubious practices at the failed stockbroking firm, noting that the firm’s investment in Firestone Energy was pivotal in denting its financial position and contributing to its demise. BBY collapsed spectacularly in…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…
Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in and domesticated in Pennsylvania in 1979. The company is licensed only in Pennsylvania but did business in several other states within…
In another attempt to improve the ease of doing business, the government on Monday introduced the ‘Insolvency and Bankruptcy Code, 2015’ in Parliament that provides for resolution of insolvency within a time frame. The bill is aimed at promoting investments, which will lead to higher economic growth. Also, it provides for setting up of an…
Last Modified: Tue, Dec 22 2015. 12 28 AM IST The proposed bankruptcy code will cover individuals, companies, limited liability partnerships and partnership firms, and proposes a time-bound framework New Delhi: The government on Monday introduced a bill in Parliament that will make it easier for sick companies to either wind up their businesses…
Bill in Lok Sabha to consolidate, amend all bankruptcy laws New Delhi, December 21: The Modi-led government has taken a big step towards putting in place an effective legal framework for insolvency resolution in a time-bound manner. A Bill to consolidate and amend all laws relating to insolvency resolution so as to tackle the issue…
Seeking to improve ease of doing business, government introduced in Parliament the Insolvency and Bankruptcy Code, 2015 that provides for resolution of insolvency in a timebound manner. The bill aims at promoting investments, leading to higher economic growth. It also provides for setting up of a Insolvency and Bankruptcy Board of India to regulate professionals,…
NEW DELHI: Seeking to improve ease of doing business, government today introduced in Parliament the ‘Insolvency and Bankruptcy Code, 2015’ that provides for resolution of insolvency in a timebound manner. The bill aims at promoting investments, leading to higher economic growth. It also provides for setting up of a ‘Insolvency and Bankruptcy Board of India’…
The government has moved the Insolvency and Bankruptcy Code, 2015 in the Lok Sabha, which will provide a framework for time bound resolution of corporate bankruptcy, ensuring that stakeholder interest are protected and the assets are put to use quickly. The bill seeks to consolidate and amend the laws relating to reorganization and insolvency resolution…