The government has come out with draft norms for registration of insolvency professionals and agencies under the Insolvency and Bankruptcy Code. While the Code is in the process of being implemented, the government has already set up the Insolvency and Bankruptcy Board of India (IBBI), chaired by M S Sahoo. …
DetailsStandard Bank declared bankrupt, and ADIF becomes its liquidator Baku, Fineko/abc.az. Commercial Bank Standard, the activities of which discontinued from 1 October, has been declared bankrupt. The Azerbaijani Deposit Insurance Fund (ADIF) informs that it was done by Decision #2-1(81)-4498/2016 of the Baku Administrative & Economic Court #1. By the same decision, ADIF was appointed…
DetailsBoutique nightclub in Melbourne’s inner south-east has been targeted in what’s believed to be a drive-by shooting. Sources close to the well-known club in Prahran say at least three shots were fired into the front door and first floor window overnight on Thursday. No reports have been made to police about suspected gunshots to Boutique. Photo: Instagram/15minutesoffameaustralia Photographs…
DetailsA Liberal Senator has floated plans overnight to pay off Government debt by selling off the famous and controversial Jackson Pollock painting Blue Poles to some incredibly wealthy person who can afford it thanks to a low tax rate leaving them with a myriad of disposable income. Senator Patterson argued that it is inappropriate for…
DetailsOne of Australia’s largest private colleges has gone into voluntary administration leaving up to 16,000 students in limbo, just two days after the federal government announced it would put an end to the scandal-ridden VET-FEE HELP scheme. The Australian Institute of Professional Education took in $110 million in public funding in 2014, enrolling 8000 students…
DetailsPETER MEECHAM/FAIRFAX NZ The Christchurch company behind the Calendar Girls strip club on Karangahape Rd (pictured) is in liquidation and receivership, owing Inland Revenue thousands. A Christchurch company that owns one of Auckland’s best known strip clubs has collapsed, owing tens of thousands of dollars to Inland Revenue. Casino Bar (No.2), which operates the Karangahape…
DetailsBetting on football is an extremely popular pastime for many, many people. And footballers are people too, so it probably shouldnt be a surprise to know that many of them also love to gamble. For better or worse, and legally or otherwise, here are a number of footballers who enjoy a good gamble. Andros Townsend…
DetailsCalls for upgrading Indias corporate insolvency framework Washington, October 6: Indian banks are vulnerable to further decline in profits as they face slow credit growth and elevated non-performing assets, IMF has said, calling for additional and more timely action to deal with the problem of bad loans. Banking systems are vulnerable to further declines in…
DetailsAmerican star was held at gunpoint in the early hours of Monday morning Thieves escaped with jewellery worth an estimated $8.5 million Kanye West immediately cancelled New York concert after hearing of robbery Bodyguard Pascal Duvier was with sisters Kourtney and Kendall at the time of the raid Duvier lodged claim for company insolvency in hometown…
DetailsPANAJI: Depositors, creditors, shareholders of companies that go bust have lot to look forward to from the newly notified Insolvency and Bankruptcy Code (IBC) 2016, according to the Institute of Company Secretaries of India (ICSI). Institute members, who met up at a symposium in EDC House, Panaji on Thursday, said that recent changes in insolvency…
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