LAST year, there were 19,588 personal insolvency cases. Simply put, 0.06% of Malaysias population of 32 million were bankrupt. That, Malaysia Department of Insolvency (MdI) director-general Datuk Abdul Rahman Putra Taha says, is not an alarming figure, although any number of bankruptcy cases is undesirable for any country. The fact is that as the population…
DetailsA man was fatally shot on Sunday, Dec. 10, 2017 at HighPointe Apartments on Beacon Parkway East. Carol Robinson | [email protected] A man was shot to death Sunday evening during a dispute inside an apartment of Valley Avenue in Birmingham. Birmingham police and firefighters responded to the scene about 8:15 p.m., according to South Precinct…
DetailsThe government will come up with a new framework for valuation professionals by the end of the current fiscal, he said. (PTI) Amid differences between lenders and bidders on the proper valuation of a stressed company, the government is considering a proposal to ask insolvency resolution professionals to get the enterprise valuation of the firm…
DetailsVik Bansal, the chief executive of the $2.5 billion waste management company Cleanaway, says it will take at least two years to “fully digest” rival Toxfree as it adds an extra 895 waste collection vehicles and expands in medical waste management with a buy-out. Cleanaway, which is already Australia’s biggest waste management company with more than 3,000…
DetailsDrone engine maker Orbital has set up shop in the US, across the river from their biggest customer. The Perth-based business (ASX:OEC) has leased a section on the Hood River in Oregon from where it plans to fully launch itself into the US tactical drone market. On the other bank is Insitu, a subsidiary of…
DetailsWELLARD has had a tough 12 months but there are signs the tide is turning, according to chairman David Griffiths. Mr Griffiths addressed the companys annual general meeting recently at the Crown Convention Centre in Perth, where he highlighted the success of the first shipment to China and other measures undertaken to lift the company…
DetailsBankers are looking to speed up the resolution of 28 accounts including Videocon Industries, Jaiprakash Associates and Uttam Galva Steel as a December 13 deadline looms. These companies are part of the Reserve Bank of India’s second list of defaulters to be referred to bankruptcy proceedings for recovery of more than Rs 2 lakh crore.…
DetailsJavier Espinoza December 10, 2017 Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it … Read the full article at: https://www.ft.com/content/ab36f2fc-dd94-11e7-8f9f-de1c2175f5ce
DetailsImage copyright PA Image caption Max Clifford had been serving an eight-year jail sentence for sex offences Disgraced celebrity publicist Max Clifford has died in hospital, aged 74, after collapsing in prison. Clifford collapsed in his cell at Littlehey Prison in Cambridgeshire on Thursday and again on Friday, his daughter said. He was taken to…
DetailsNEW DELHI: The regulations for grievance handling procedure under the Insolvency and Bankruptcy Code have been notified, wherein the filing fee will be refunded to the stakeholder in case the complaint is found to be not “frivolous or malicious”. The Insolvency and Bankruptcy Board of India (IBBI), which is implementing the Code, has notified the…
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