Peter Connor, the latest recruit at insolvency and corporate recovery practice Inquesta Insolvency and corporate recovery practice Inquesta has strengthened its team with the appointment of Peter Connor, who has over 25 years experience in the field. Peter has joined Inquesta as a business development manager. He has previously worked in similar roles at firms…
DetailsMUMBAI : The Mumbai bench of the National Company Law Tribunal (NCLT) has directed the liquidator of insolvent firm Bharati Defence and Infrastructure Ltd to admit Union Bank of Indias claim amounting to Rs208 crore as an operational debt. The liquidator had rejected the state-owned banks claim in February 2019 saying it did not qualify…
DetailsThe High Court must reconsider whether it is fair to approve a personal insolvency arrangement (PIA) permitting a man to keep his farming assets, home and rental property, the Supreme Court has ruled. A debt fund appealed against the High Courts approval of a PIA for Co Wexford farmer Fergus OConnor (48) that restructured his…
DetailsPeople and companies go bankrupt every so oftenbut in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by 23 million ($29 million) in the 2023-24 financial year. This means a…
DetailsPeople and companies go bankrupt every so oftenbut in the U.K., cities are going bankrupt, too. Nottingham, home to 323,700 residents, well-known universities and fictional character Robin Hood, effectively declared itself bankrupt on Wednesday as its council is set to to overspend by 23 million ($29 million) in the 2023-24 financial year. This means a…
DetailsProperty developer Michael OFlynn has won his legal battle against the personal insolvency agreement of former business partner John ODriscoll. A ruling by the Supreme Court on Thursday could mean that the personal insolvency agreement of Mr OFlynns former business partner will have to go back before a court. Advertisement The court heard that the…
DetailsIress has claimed improved customer sentiment and reduced costs due to its corporate restructuring and cutting staff numbers. The firm announced earlier this year it would reduce its staff numbers by 10 per cent, Managed Fund Administration and platform services, amongst other initiatives to improve business bottom line and pay off debt. In an update…
DetailsProperty developer Michael OFlynn has won his legal battle against the personal insolvency agreement (PIA) of former business partner John ODriscoll. A ruling by the Supreme Court on Thursday could mean that the personal insolvency agreement of Mr OFlynns former business partner will have to go back before a court. The court heard that the…
DetailsThe National Company Law Tribunal (NCLT), Kolkata Bench, comprising of Ms. Bidisha Banerjee (Judicial Member) and Shri Balraj Joshi (Technical Member), has rejected an application for dissolution of Corporate Debtor since the Liquidator failed to comply with requirements under Regulation 45 of IBBI (Liquidation Process) Regulations 2016. The Bench has further recommended IBBI to conduct…
DetailsContents Real estate magnate Ren Benkos Signa Group is faltering. Their crisis is unlikely to remain an isolated case, says a real estate expert. They are or are being built in a prime location. And they could one day generate a lot of profits. At least in theory. We are talking about large-scale construction projects…
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