Australian poker pro Matthew Kirk can still pursue Leon Tsoukernik for damages linked to an alleged debt, despite a judge ruling their transaction was unenforceable. Aussie poker pro Matthew Kirk can still chase Kings Casino owner Leon Tsoukernik (pictured) for millions in damages linked to an alleged debt. (Image: YouTube/888Poker) Following the initiation of a…
DetailsKOLKATA: The National Company Law Tribunal has ordered liquidation in Nicco Corporation, a specialised cable maker and a defaulter of nearly Rs 300 crore of bank loans, and one of the first movers to bankruptcy court. The NCLTs Kolkata bench passed the order Tuesday as lenders led by State Bank of India rejected the debt…
Details(RTTNews) – Radian Group Inc. (RDN) provided an update on strategic actions. It has eliminated the position of president of the Services business. As a result, Jeff Tennyson will step down from the role effective immediately. On October 16, 2017, Radian entered into a three-year, $225 million unsecured revolving credit facility with a panel of…
DetailsWA rugby could be driven to extinction by the Australian Rugby Union as it chases costs for the legal actions launched to save the Western Force being axed from Super Rugby. The costs, understood to be around $1 million, could force RugbyWA into voluntary administration but ARU chief executive Bill Pulver has made it quite…
DetailsPursuing the mission of cracking down on shell companies and curbing money laundering, on September 20, 2017, the Government of India – Ministry of Corporate Affairs policy division – has notified the ‘Companies (Restriction on number of layers) Rules, 2017’ which restricts the number of subsidiaries for holding companies. The move will bring in major…
DetailsNews Julia Irvine 18 Oct 2017 10:33am In what the Insolvency Service has described as one of the more bizarre cases of dishonesty and misuse of limited liability it has ever come across,… Read the full article at: http://economia.icaew.com/en/news/october-2017/sham-towie-company-director-faked-own-death
DetailsNicco Corporation was the first company to be referred to NCLT after the BIFR was scrapped. Photo: Mint Kolkata: The Kolkata bench of National Company Law Tribunal (NCLT) has put cable manufacturer Nicco Corporation Ltd under liquidation process to meet the demands of the creditors. The company has been put under liquidation under Section 14…
DetailsMoneycontrol News Education services firm Educomp Solutions has invited bids from potential resolution applicants for Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). CIRP under IBC commenced against the company post an order on May 30, 2017 at the National Company Law Tribunal (NCLT). NCLT had appointed Sanjiv Agarwal as the…
DetailsBy Martinne Geller LONDON (Reuters) Reckitt Benckiser <RB.L> plans to reorganise its business into two distinct units, one for health and the other for hygiene and home products, as it tries to improve its flagging performance. The maker of Durex condoms, Nurofen tablets and Dettol cleaners announced the restructuring on Wednesday, along with its third-quarter…
Details