New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Wednesday allowed withdrawal of the Oyo insolvency case, in a major setback to scores of hoteliers who had filed claims against Oyo Hotels & Homes basis the proceedings. The order was passed in the matter concerning Oyo and hotelier Rakesh Yadav. Oyo reached an out…
DetailsOpus Restructuring & Insolvency has appointed George Dale as its new partner in Scotland. The company established an initial presence in the country with the appointment of Mark Harper as partner earlier this year. Dale will open an office at 23 Melville Street, Edinburgh, later this month, with a view to developing the firm’s restructuring…
DetailsBut Mr Greensill, who also refused to appear before the business committee, has acknowledged offering future receivables programs to clients. The committee had asked Mr Greensill to answer written questions on the nature of the schemes but is yet to release his response. The UKs Serious Fraud Office is investigating suspected fraud at GFG Alliance…
DetailsOYO has also made an out of the court settlement with the original party, Rakesh Yadav. The CEO and founder of Oyo Hotels, Ritesh Agarwal In a major disappointment to scores of hoteliers who had filed claims against Softbank-backed OYO Hotels’ subsidiary following an insolvency petition against the company, the National Company Law Appellate Tribunal…
Details07 July 2021 Consultancy.uk 2 min. read Begbies Traynor has appointed personal insolvency specialist David Tannock as an Insolvency Manager based at its Glasgow office. He brings the best part of two decades of experience to the role. Thomas McKay, a Partner atBegbies Traynor in Scotland, said, With sole traders and limited companies across the…
DetailsANALYSIS/OPINION: Serafim Sotiriadis & Associates is an Athens-based law firm, specializing in commercial law, insolvency law, business restructuring and recovery. It was the first law firm in Greece to successfully submit and ratify a rehabilitation agreement – a document that has served as a reference point for the Rehabilitation Mechanisms (106b and 106d of the…
DetailsAs businesses learn to cope with the pandemic, investors can look to restructure their Vietnam operations to adapt and go beyond the health crisis. Businesses can take a number of actions to such as modifying their debt exposure, liabilities, and operations to limit financial harm and improve business viability. Vietnam Briefing explores some of these…
DetailsGeorge Washington is seen with printed medical mask on the one Dollar banknotes in this illustration taken, March 31, 2020. REUTERS/Dado Ruvic/Illustration WASHINGTON, July 6 (Reuters) – The United States on Tuesday urged China and the private sector to increase their participation in a G20 debt moratorium for low-income countries hammered by the COVID-19 pandemic,…
DetailsMenendez, Booker, Colleagues Urge Education Department to Expand Debt Relief for Student Loan Borrowers Menendez, Booker, and Colleagues to Secretary Cardona: We encourage the Department to pursue policies that reduce disparities in the burden of student debt, simplify loan repayment, close donut holes in forgiveness programs, and improve the overall confidence of borrowers in the…
DetailsBROOK SABIN/STUFF For less than $100, Kiwis can fly to an island that’s mix of Fiji and Niue. Failed Auckland airline Fly My Sky owes more than $800,000 to creditors, including customers who bought airfares for flights that have been cancelled. Commercial Helicopters, the registered company behind the airline, went into liquidation on June 29.…
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