NOIDA: Jaypee Wishtown homebuyers have pushed the panic button with the company presently listed for insolvency hearing at the Allahabad bench of the National Company Law Tribunal. The buyers have started a social media campaign on micro-blogging site, Twitter with hashtag, Jaypeescam where the buyers are upholding the plight of the buyers invested in Jaypee…
DetailsVideo PlayerClose BERLIN, Aug. 10 (Xinhua) — Incidents of insolvency among German firms and individuals are on the rise, figures released on Thursday by the Federal Statistical Office show. A total of 1,764 firms were declared insolvent by German district courts in May 2017, an increase of 1.6 percent compared to last year. Most insolvencies…
DetailsGalway Bay fm newsroom 208 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years.Thats according to the latest report from the Insolvency Service of Ireland.The report covers the period from the beginning of 2014 to the second quarter of this year.It reveals that 88…
DetailsA MAN who killed his friend and interfered with his corpse did so because the friend would not give him $100. David John Napier was sentenced to life in prison by the Supreme Court on August 4. Justice Bruno Fiannaca said Napier was convicted after pleading guilty to murder and interfering with a corpse with…
DetailsAccording to the World Bank Report of Doing Business, the insolvency resolution process in India is complex, time consuming and expensive due to presence of multiple laws. It takes an average of 4.3 years to resolve bankruptcy, which is extremely high as compared to countries like Japan, Singapore and Finland[1]. India is ranked at 136…
DetailsAugust 10th, 2017 Sam Chambers Offshore 0 comments Struggling Australian outfit MMA Offshore has hired consultants from Deloitte as it battles a depleted balance sheet, according to The Australian newspaper. MMA Offshore has been forced to sell numerous assets including up to 19 OSVs and in March it offloaded two supply bases, in Dampier and Broome,…
DetailsThe insolvent joint-stock company KVV Liepajas Metalurgs posted EUR 26.145 million in losses in 2016, while the company’s turnover amounted to EUR 14.163 million, writes LETA, according to Firmas.lv. In 2015, KVV Liepajas Metalurgs turned over EUR 69.356 million and posted EUR 8.366 million in losses. As reported, Liepajas Metalurgs metallurgical plant based in the…
DetailsGalway Bay fm newsroom 208 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years. Thats according to the latest report from the Insolvency Service of Ireland. The report covers the period from the beginning of 2014 to the second quarter of this year. It reveals that 88 people…
DetailsThe Hyderabad bench of NCLT accepted the petition against Lanco Infratech moved by IDBI Bank and appointed Savan Godiawala as the interim insolvency professional. Mumbai: The National Company Law Tribunal (NCLT) has admitted insolvency proceedings against Lanco Infratech Ltd, among the 12 identified cases referred to the tribunal following the Reserve Bank of Indias 13…
DetailsBy: ENS Economic Bureau | New Delhi | Published:August 9, 2017 6:42 am The NCLT bench in Ahmedabad had observed in the SBI versus Alok Industries case that since the winding-up petitions had not been admitted, the Insolvency and Bankruptcy Code (IBC) could be invoked. (representational Image) Related News The Principal bench of the National…
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