Tough insolvency rules could be relaxed, according to a federal minister, as the government looks to reduce the number of businesses pushed prematurely into insolvency. Speaking to a recent industry conference, financial services minister Kelly ODwyer said the onus should be on supporting businesses to survive and grow, not on penalising difficulties. The government believes…
Details‘Closure was never an option,’ says former Deputy Mayor Tom Antonio Node Tools (L-R) Senator Nick Xenophon, Korda Mentha administrators Mark Mentha and Sebastian Hams, and Tom Antonio. (second from right) with. 11 September 2017 Theodora Maios Last Friday was a great day for an estimated 5,500 Arrium workers who were finally reassured that their…
DetailsHeadlines by Johanna Li 2:27 PM EDT, September 10, 2017 Playing Girl, 6, Opens Lemonade Stand to Help Pay Off Her Classmates’ Lunch Debt Selling lemonade was more than just a summer hobby for this Idaho 6-year-old when she donated all the… Read the full article at: http://www.insideedition.com/headlines/25407-girl-6-opens-lemonade-stand-to-help-pay-off-her-classmates-lunch-debt
DetailsThe Reserve Bank of India (RBI) has moved a second defaulter list against 28 NPA accounts for bankruptcy resolution under the insolvency and bankruptcy code. Photo: Reuters Mumbai: At least three large lenders including ICICI Bank Ltd, State Bank of India (SBI) and Bank of Baroda (BoB) are planning to ask the ministry of corporate…
DetailsSelling lemonade was more than just a summer hobby for this Idaho 6-year-old when she donated all the earnings paying off her classmates lunch debt. Read: 8-Year-Old Starts Lemonade Stand as Part of Therapy After Brain Surgery Amiah Van Hill, a second-grader at Hayden Meadows Elementary School, told InsideEdition.com she was inspired to do something for…
DetailsCORPORATE recovery and business advisory firm Quantuma has signed up one of the UKs leading insolvency specialists. Mark Sands has joined the firm as a partner and will lead Quantumas personal insolvency offering. He will be based in Brighton and will also cover the London and Southampton offices. His appointment follows the arrival of partner…
DetailsOn June 13, the Reserve Bank of India (RBI) came up with an advisory asking banks to file insolvency and bankruptcy proceedings for 12 loan accounts, in which banks had an exposure of more than 5,000 crore each. This constituted about 25% of the systems bad loans whose total is estimated at 7 lakh crore.…
DetailsThe National Company Law Tribunal, Chennai, on Saturday, reserved an order that would clarify whether a PSU would fall within the ambit of a corporate person under the Insolvency and Bankruptcy Code. The matter before the Tribunal pertains to Petitions filed by power producers Ind. Bharath Power Gencom Ltd, Ind. Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited against…
DetailsThe National Company Law Tribunal, Chennai, on Saturday, reserved an order that would clarify whether a PSU would fall within the ambit of a corporate person under the Insolvency and Bankruptcy Code. The matter before the Tribunal pertains to Petitions filed by power producers Ind. Bharath Power Gencom Ltd, Ind. Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited against…
DetailsCORPORATE recovery and business advisory firm Quantuma has signed up one of the UKs leading insolvency specialists. Mark Sands has joined the firm as a partner and will lead Quantumas personal insolvency offering. He will be based in Brighton and will also cover the London and Southampton offices. His appointment follows the arrival of partner…
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