PUNE Investors in the DS Kulkarni group of companies have demanded that the Enforcement Directorate (ED) investigate alleged payments made by DSK firms to various money lenders and brokers. A consortium comprising Ashdan Properties, Classic Promoters and Builders and Atul Builders will take over the debt-ridden group through the insolvency process. DS Kulkarni Developers Limited…
Member Article The easing of Covid-19 restrictions over the summer has failed to stop a sharp increase in the number of business insolvencies across England and Wales. According to the latest official figures, corporate insolvencies increased by 22.9% to 1,348 in August 2021 compared to Julys figure of 1,097. The year-on-year level of corporate insolvency…
New figures suggest business across the Midlands are struggling to get to grips with the impact of Covid-19 despite the easing of restrictions. Related Articles Latest data from the Midlands branch of insolvency and restructuring body R3 suggests many firms are under greater pressure to survive compared to this time last year. It says the…
More than 30,000 ACT health members left in limbo when their provider entered administration may have been given a reprieve after administrators found new operators courtesy of a court granting them more time. The nation’s peak medical body welcomed the news about the National Health Co-op (NHC), but it said the case should prompt the…
It argued it has undergone a Corporate Insolvency Resolution Process (CIRP) and a new entity has been appointed as a resolution applicant. By K A Y Dodhiya PUBLISHED ON SEP 24, 2021 10:03 AM IST The Dewan Housing Finance Ltd (DHFL) has moved the Bombay high court challenging a special Central Bureau of Investigation (CBI)…
Mrs Jemima Oware (middle), Registrar General, making some remarks as Mr Felix Addo (left), President, Ghana Association of Restructuring & Insolvency Advisors, and Mr Hamidu Solo (right), Project Lead, International Finance Corporation, look on. Picture: NII MARTEY M. BOTCHWAY The Registrar Generals Department (RGD), in collaboration with its partners, has launched a soft copy of…
Troubled home financier Dewan Housing Finance Ltd (DHFL) has sought the Bombay High Courts intervention to discharge its name and drop proceedings against it in an ongoing investigation by the Central Bureau of Investigation (CBI). DHFL has argued that since it had been taken over by Piramal Capital & Housing Finance Ltd, it should be…
South Australian construction company OTM has been placed into liquidation. The company, based in the Clare Valley, was subcontracted to complete work on the two overtaking lanes south of Tumby Bay and the lane on Flinders Highway. The company was wound up on September 21 and appointed Mark Lieberenz of Heard Phillips Lieberenz (HPL) as…
More than 30,000 ACT health members left in limbo when their provider entered administration may have been given a reprieve after administrators found new operators courtesy of a court granting them more time. The nation’s peak medical body welcomed the news about the National Health Co-op (NHC), but it said the case should prompt the…
Mrs Jemima Oware, the Registrar-General, says the implementation of the new Companies and the Corporate Insolvency and Restructuring Acts (CIRA) will turn the fortunes of businesses in the country in a positive direction. The Companies Act, 2019 (Act 992) and the CRIA 2020 (Act 1015) were passed into law on August 2, 2019 and April…