The interim moratorium under Section 96 Insolvency & Bankruptcy Code (IBC) shall continue to be in effect in all cases where an application under Sections 94, 95 has been filed, Delhi High Court said today as it listed the challenge to personal insolvency proceedings for arguments on November 10. (Anil Ambani vs SBI & Ors)…
DetailsJonas Stankevicius, from Doncaster, was appointed the sole director of S Jonas Solutions Limited in July 2018, at the same time the payroll services company was incorporated. S Jonas Solutions started trading shortly after incorporation from premises in Stockhill Road, Doncaster, but only a few months later entered into creditors voluntary liquidation in December 2018.…
DetailsGovernment ministers of poor and indebted nations will this week appeal to their creditors for a much more ambitious debt relief effort as they grapple with the healthcare and economic consequences of the coronavirus pandemic. They will set out their case for greater support from foreign governments and multilateral lenders as delegates gather for the…
DetailsMalaysia Airlines is prepared to shut down if ongoing talks with leasing companies about a restructuring plan fail, The Edge Malaysia cited the national carriers chief executive officer as saying. A sizable number of creditors support the companys plan, some are against it and others are still undecided, airline CEO Izham Ismail told the business…
DetailsLuke Grant is joined by Leith Van Onselen, Macrobusiness the Unconventional Economist, who writes that the usual suspects are already fretting over the Australian Governments ballooning debt, claiming we will leave a nasty legacy for future generations. Mr Van Onelen writes, The Federal Government has committed to a record $213.7 billion deficit this year as…
DetailsDebt campaigners are calling for the International Monetary Fund to sell some of its stockpile of gold to cover the debt payments owed by the worlds poorest countries for the next 15 months. With a looming developing world debt crisis high on the agenda at this weeks annual meetings of the IMF, the Jubilee Debt…
DetailsOne barrister has received more than 98% of the 1.25m paid to lawyers by the states Legal Aid Board for personal insolvency cases since 2016. Details released following a parliamentary question by Richard Boyd Barrett show that the barrister Keith Farry was paid 1.23m of the 1.25m in fees paid to lawyers representing debtors that…
DetailsA FRAUDSTER who abused his position to rip off his employer of more than 20,000 has avoided being sent to jail. Christopher Hobson, of Jodrell Drive in Grappenhall Heys, used the funds to fuel his horrid gambling addiction and live a life above his salary. Chester Crown Court heard how the 30-year-old had blown through…
DetailsOne barrister has received more than 98% of the 1.25m paid to lawyers by the states Legal Aid Board for personal insolvency cases since 2016. Details released following a parliamentary question by Richard Boyd Barrett show that the barrister Keith Farry was paid 1.23m of the 1.25m in fees paid to lawyers representing debtors that…
DetailsMalaysia Airlines could be forced to shut down if a restructuring plan fails to gain support, the airline’s boss has said. Group chief executive officer Izham Ismail told Asian business news weekly The Edge that there would be “no choice but to shut it down” if lessors decided not to back the plan. Mr Izham…
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