NEW DELHI : The Supreme Court Wednesday said it would pass orders on a batch of pleas filed by Insolvency and Bankruptcy Board of India (IBBI) seeking transfer of all petitions pending before different high courts challenging the provisions of IBC with regard to personal insolvency. A bench of Justices L N Rao, Hemant Gupta…
DetailsSolicitor General Tushar Mehta, appearing for State Bank of India (SBI), has also said that the issue raised in the writ petitions pending before different high courts is of national importance and does not affect any rights of the petitioners. The Supreme Court on Thursday transferred to itself a batch of writ petitions pending before…
DetailsThroughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 42 bankruptcies in week 43, 2 more than in week 42. In addition, 4 sole proprietorships were declared bankrupt, 2…
DetailsLess than 3% of problem gamblers are receiving proper treatment, according to figures that lay bare the devastating effects on their finances, relationships and careers. With the government weeks away from launching a review of industry regulations, statistics from the National Gambling Treatment Service show only 9,008 people received care in the year to the…
DetailsDave Ramsey, Americas most influential personal finance guru, drives a pickup truck that, he says, will eat your electric car. He wears a .45 on his hip with a hollow-point in the chamber. He is an older white male, a self-described capitalist pig, and an evangelical Christian who almost always votes conservative. He hates government…
DetailsNEW DELHI: The Supreme court on Thursday transferred all petitions, pending in various high court of the country, challenging provisions of personal insolvency under the Insolvency and Bankruptcy Code (IBC) to itself. High courts have been directed to not to entertain any more writ petitions on this issue. The order was passed by an apex…
Details10:58 29/10/2020 MOSCOW, October 29 (RAPSI) The Supreme Court of Russia has dismissed an appeal of ex-owner of Promsvyazbank Dmitry Ananyev against a ruling declaring him insolvent, according to court records. Ananyev was declared bankrupt by the Ninth Commercial Court of Appeals in mid-June upon an application of the Cereal Company Nastyusha. The appeals instance…
DetailsKhaitan & Co advised Resolution Professional and PwC. Payne Realtors Private Limited completed a corporate insolvency resolution process. The resolution plan submitted by City Gold Entertainment Limited has been approved by the NCLT and being implemented. Payne Realtors Private Limited provides civil engineering services. The Khaitan & Co team was led by Partner Siddharth Srivastava…
DetailsWhile many Western Australian businesses have re-opened and returned to business as usual, there are fears some will not survive the financial impact of the COVID-19 coronavirus pandemic. When a business closes its doors, consumers often call Consumer Protection with concerns about money paid for goods or services that are yet to be received, or…
DetailsAlmost two-thirds of all businesses could be at risk of insolvency, according to official figures that reveal the UK could suffer a flood of bankruptcies over the coming months. The Office for National Statistics (ONS) said that 64% of businesses across all industries were at risk of insolvency last month, with 43% of companies running…
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