The whole idea is to allow businesses facing economic hardships to restructure and survive. It is intended to give the business some time to restructure without having to battle with the suppliers, creditors, landlords etc. Insolvency and liquidation can be a very traumatic time for the senior officials of any company. Not only does insolvency…
The Altfin Life Assurance Company Limited has been liquidated as the Zimbabwean economic crisis continue to bite forcing many companies out of business. The Altfin Life Assurance Company Limited liquidation was announced by the Insurance and Pensions Commission (IPEC) advising stakeholders of the fall of business of the company. “The Insurance and Pensions Commission…
Peak vegetable industry body AUSVEG says the sale of Australia’s largest fresh potato supplier should give growers confidence after months of uncertainty. South Australian-based Oakville Produce went into voluntary administration in May. Deloitte Restructuring Service partners Vaughan Strawbridge, David Lombe and Tim Heenan were appointed joint receivers and managers of the Oakville Produce…
The Business Recovery & Insolvency Practitioners Association of Nigeria (BRIPAN) has said that a sound insolvency regime and effective dispute resolution process are the key factors for development in any nation. Speaking at the BRIPAN 2016 International Conference with the theme: Nigerias Changing Economy And Emerging Issues In Restructuring And Insolvency, President, BRIPAN, Mr. Sola…
After appointing M.S. Sahoo as chairperson of the Insolvency and Bankruptcy Board of India, the government has finalized the names of four members to the board in order to make it functional. They are: Ajay Tyagi, additional secretary, department of economic affairs; Amardeep Singh Bhatia, joint secretary, ministry of corporate affairs; G.S. Yadav, joint secretary,…
New Delhi: The government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI). M S Sahoo, who has served as member of fair trade regulator CCI (Competition Commisstion of India) and markets watchdog Sebi, took charge as IBBI chairperson on Saturday. Sources said four government nominees have…
New Delhi: Government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI). M S Sahoo, who has served as member of fair trade regulator CCI and markets watchdog Sebi, took charge as IBBI Chairperson on Saturday. Sources said four government nominees have been appointed to the board.…
Government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI). M S Sahoo, who has served as member of fair trade regulator CCI and markets watchdog Sebi, took charge as IBBI Chairperson on Saturday. ALSO READ: Flipkart, Snapdeal take sly digs at Amazon Sources said four government…
New Delhi, Oct 2 (PTI) Government has appointed four nominees, including two joint secretaries, to the Insolvency and Bankruptcy Board of India (IBBI). M S Sahoo, who has served as member of fair trade regulator CCI and markets watchdog Sebi, took charge as IBBI Chairperson on Saturday. Sources said four government nominees have been appointed…
Leading Australian businesses, brands and charities including the AFL, Cricket Australia and Movember may have been defrauded as part of an alleged systemic rort by collapsed leading agency, Ambient Advertising. An investigation by a NSW Supreme Court-appointed special purpose liquidator into Ambient Advertising is examining allegations the firm may have routinely and deliberately overcharged some…