The Inner House of the Court of Session ordered that the £550,000 off-market sale of the property, which had previously been valued at £1,200,000 on the open market, be cancelled following a challenge by the liquidators of the haulage company. In doing so, it overturned an earlier decision by a commercial judge, who had ruled…
DetailsClaims worth Rs 3.13 trillion, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today. The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most are…
DetailsProceedings under Bankruptcy Code are initiated after receiving nod from National Company Law Tribunal. New Delhi: Claims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today. The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further…
DetailsClaims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the prebudget Economic Survey said today. The Economic Survey 201718, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most are either…
DetailsMany people will have hit the shops or gone online to bag a bargain in the January sales over the last few weeks and may now be feeling the pinch until their next payday. It is an annual tradition for some with tales of shoppers getting up in the middle of the night to secure…
DetailsNeil Hume in London January 29, 2018 Shareholders in Noble Group will be almost wiped out under the terms of a debt restructuring announced on Monday by the crisis-hit commodity trader. The Singapore-listed company said existing shareholders, including its founder Richard Elman, and CIC, Chinas sovereign wealth fund, would end up with a 10 per…
DetailsNEW DELHI: Claims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today. The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most…
DetailsJapanese imaging and electronics majors Indian subsidiary Ricoh India has filed for insolvency proceedings as it is unable to meet its liabilities. The company has filed an application under Section 10 of the IBC before the National Company Law Tribunal, it said. “The company has come to a position where it is unable to meet…
DetailsClaims worth Rs 3.13 lakh crore, related to 11 defaulting companies notified by the Reserve Bank, are under insolvency proceedings, the pre-budget Economic Survey said today. The Economic Survey 2017-18, tabled by Finance Minister Arun Jaitley in Parliament, further said that of the 11 companies under the Corporate Insolvency Resolution Process (CIRP), most are either…
DetailsJOHANNESBURG – A group of Steinhoff creditors have appointed financial adviser PJT Partners and law firm Latham Watkins to represent them in any potential debt restructuring, PJT said. Steinhoff, owner of more than 40 retail brands including Poundland in Britain, is fighting for survival after admitting accounting irregularities last month that triggered an 85 percent…
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