Page 3634 – Insolvency Advisory Accountants

Court suspends insolvency proceedings against Madhucon – The Hindu BusinessLine

LiquidationBy Insolvency Advisory Accountants October 11, 2018

The Hyderabad High Court suspended the corporate insolvency resolution process against Madhucon Projects Ltd, a construction-cum-infrastructure company. TheCourt suspended the order passed by the National Company Law Tribunal (NCLT), Hyderabad bench, initiating corporate insolvency proceedings, with Rakesh R Rathi as the Interim Resolution Professional (IRP). On a petition moved by Madhucon Projects challenging the initiation…

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Despite US warnings, IMF plans talks with Pakistan on debt help – Washington Times

Debt HelpBy Insolvency Advisory Accountants October 11, 2018

A team of experts from the International Monetary Fund will travel to Islamabad in the coming weeks to discuss a possible financial assistance package for Pakistan despite warnings from U.S. lawmakers and the Trump administration that the money would be used to pay off massive debts Pakistan has run up with China. IMF Managing Director…

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Hearings show running a bank is no longer about banking – The Australian Financial Review

RestructuringBy Insolvency Advisory Accountants October 11, 2018

It was the sort of day that the Commonwealth Bank chief executive Matt Comyn and Westpac boss Brian Hartzer would have liked to be holed up at head office. With global equity markets reverberating from a sell-off in the US bond market and ever-escalating trade wars, Australian shares copped the flow-on effect, with the ASX…

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Directive on business insolvency: Council agrees its position – EU News

BankruptcyBy Insolvency Advisory Accountants October 11, 2018

Press contacts Romain Sadet Press officer +32 2 281 89 14 +32 473 86 54 37 The Council today agreed its position on the business insolvency directive. The directive aims at providing access by viable enterprises in financial difficulties to preventive…

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Ford to cut salaried jobs as the auto giant undergoes an $11 billion restructuring effort – Business Insider

RestructuringBy Insolvency Advisory Accountants October 10, 2018

In a move influenced by a company-wide restructuring effort, Ford plans to cut jobs from its global salaried workforce, which the company told Business Insider consists of about 70,000 workers. Ford officials told The Detroit News that the cuts were expected to come by the second quarter of 2019 but that they didnt know which…

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Insolvency & Bankruptcy Code: Wasting precious code time – Economic Times (blog)

LiquidationBy Insolvency Advisory Accountants October 10, 2018

By Amitabh Kant & Richa Roy The Insolvency and Bankruptcy Code (IBC), 2016, is among the most crucial structural reforms undertaken by this government. Yet, for IBC to be effective, the principles at the heart of the legislation must be respected. First, there has to be timely outcomes within 180 days (270 days for rare,…

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Bluethorne Trading Limited placed into provisional liquidation – GOV.UK

BankruptcyBy Insolvency Advisory Accountants October 10, 2018

The move follows an investigation by the Insolvency Service. The company operated a website www.bluethornetrading.com. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petitions. The provisional liquidator also has the power to investigate the affairs of the companies…

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Refinancing loans are returned to NBU – The Koz Times

BankruptcyBy Insolvency Advisory Accountants October 10, 2018

During 2014-2016 refinancing policy pursued by the NBU was aimed at maintenance of banking system from financial collapse. Along with the change in environmental conditions shifted the emphasis and priorities in the aims and objectives of monetary policy. Features of the external environment in which the banking system, require from the National Bank of Ukraine…

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Crb Share Custodian Services Ltd. – Corporate Insolvency Resolution Process (CIRP)-Liquidation – Corporate … – The Hindu BusinessLine

LiquidationBy Insolvency Advisory Accountants October 10, 2018

Intimation of liquidation process and appointment of Liquidator in the matter of M/S Jinprabhu Infrastructure Developments Limited (Formerly CRB Share Custodian Services Limited) This is to inform you that Pursuant under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015, in respect of application for liquidation under Section 33(l)(a) of the Insolvency and Bankruptcy…

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Kirin to sell Lion Dairy & Drinks, receives approaches – The Australian Financial Review

RestructuringBy Insolvency Advisory Accountants October 10, 2018

Japanese brewer Kirin will attempt to recoup some of the $2 billion it has blown on Australian dairy and drinks investments over the past 11 years by selling leading brands such as KIng Island cheese, Dairy Farmers milk and Farmers Union yoghurt. Kirin has kicked off a formal sale process for its $1.8 billion Australian…

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