The court’s decision regarding the insolvency of Rasna came in the case of Bharat Road Carrier Pvt Ltd vs Rasna Pvt Ltd, in which the former had filed an application regarding the initiation of the corporate insolvency resolution process under Section 9 of the Insolvency & Bankruptcy Code, 2016. The court said that the IRP…
DetailsCredit: Dede/Adobe Stock; In recent years, employees have been increasingly reevaluating what they value in an employer, with many prioritizing working for a company that cares about their financial well-being and one that can equip them with the tools, resources and education to help them understand and manage their debt. Employers who provide their employees…
DetailsCredit: Dede/Adobe Stock; In recent years, employees have been increasingly reevaluating what they value in an employer, with many prioritizing working for a company that cares about their financial well-being and one that can equip them with the tools, resources and education to help them understand and manage their debt. Employers who provide their employees…
DetailsNCLT Admits Rasna To Insolvency On A Rs 71 Lakh Claim By Logistics Firm Business NewsNCLT Admits Rasna To Insolvency On A Rs 71 Lakh Claim By Logistics Firm ADVERTISEMENT 01 Sep 2023, 9:15 PM IST 01 Sep 2023, 9:05 PM IST 01 Sep 2023, 9:15 PM IST WhatsApp X (was Twitter) Facebook Telegram Read…
DetailsKerry Katona has opened up about being declared bankrupt for the first time, admitting she had no idea what it was. The former Atomic Kitten songstress was first declared bankrupt at the High Court in London on August 21, 2008, after she failed to pay 82,000 of a 417,000 tax bill. In 2013, she filed…
DetailsA care worker stole more than 6,000 from a vulnerable woman with learning difficulties in order to fund her gambling addiction. She initially told police she was not responsible for the money missing from the victim’s account, but later claimed she had taken 1,000 to buy furniture. Sarah O’Brien, 41, was employed at a care…
DetailsSarah OBrien, 41, stole over 6,000 from Susan Hopkins, 63, who is so severely disabled she has no understanding of what happened to her. OBrien, of Port Road, Rhoose, was one of three people placed in the highly trustworthy position of being a signatory for Ms Hopkins bank account. Ms Hopkins, who is cared for…
DetailsMumbai: The National Company Law Tribunal (NCLT) on Friday allowed the resolution professional’s plea seeking protection from any action for his inability to immediately take steps under the insolvency code in deceased art director Nitin Desais ND’s Art Worlds insolvency case. In his petition before the NCLT, Nausher Kohli, counsel representing the resolution professional of…
DetailsFirst compensation order secured in court to repay taxpayer-backed Bounce Back Loan fraudulently secured during the pandemic. Marian Ghimpu, 58, from Croydon, has been disqualified as a director for 13 years, and ordered to repay over 50,000 to the public purse. The compensation order, the first secured by the Insolvency Service in court, is the…
DetailsLavoie, which makes high-end scooters based on McLarens Formula 1 technology, acquired the trendy e-bike brand that had gained a zealous following. VanMoof, the Dutch e-bike maker that gained a zealous following but declared bankruptcy last month, has been acquired by Lavoie, an upscale electric scooter company, the firms announced on Thursday. Riders of the…
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