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Attorney-General floats bankruptcy changes, tougher sanctions against untrustworthy advisers

Attorney-General floats bankruptcy changes, tougher sanctions against untrustworthy advisers
accountantsdaily.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accountantsdaily.com.au Daily Mail and Mail on Sunday newspapers.

New South Wales , Bankruptcy Amendment , Enterprise Incentives , Bankruptcy Act , Accountants Daily , Sydney Morning Herald , Attorney General , Pre Insolvency Advisers , Illegal Phoenixing , புதியது தெற்கு வேல்ஸ் , திவால்நிலை திருத்தம் , நிறுவன சலுகைகள் , திவால்நிலை நாடகம் , கணக்காளர்கள் தினசரி , சிட்னி காலை ஹெரால்ட் , வழக்கறிஞர் ஜநரல் ,

CoC approves resolution plan for Dewan Housing Finance Corporation

Dewan Housing Finance Corporation announced that the e-voting on
resolutions pursuant to the Eighteenth (18th) meeting of the Committee of Creditors of the Company (CoC) concluded on 15 January 2021 at 8 pm IST and the resolution plan submitted by Piramal Capital and Housing Finance (under Option I in terms of the RFRP dated 16 September 2020) was duly approved by CoC by majority voting under section 30(4) of the Insolvency & Bankruptcy Code read with Reg. 39(3) of CIRP Regulations, as the successful resolution plan.
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U.K. has said it cannot extradite Vijay Mallya, Centre informs Supreme Court

Updated:
January 18, 2021 15:32 IST
The U.K. government had communicated that there was a ‘further legal issue’ to be resolved before the businessman could be extradited
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Vijay Mallya arrives for the second day of his extradition case at Westminster Magistrates Court in London, United Kingdom on December 5, 2017.
| Photo Credit:
AP
The U.K. government had communicated that there was a ‘further legal issue’ to be resolved before the businessman could be extradited
The United Kingdom government has told the Indian side that businessman Vijay Mallya cannot be extradited until a confidential “legal issue” concerning him is resolved, the Centre informed the Supreme Court on Monday. ....

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CARE withdraws ratings assigned to Punj Llyod's NCDs and bank facilities

Punj Llyod announced that taking cognizance of the fact that the company is in corporate insolvency resolution process (CIRP), CARE has withdrawn the rating of CARE D; issuer not cooperating , assigned to the NCD issue and bank facilities of the Company with immediate effect.
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Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive comm ....

Punj Llyod , Capital Market , Bank Facilities , மூலதனம் சந்தை , வங்கி வசதிகள் ,

A significant leap forward in Australia's insolvency regime

A significant leap forward in Australia s insolvency regime
By Olvera First|10 January 2021
Promoted by Olvera First
Insolvency law has long been a blunt instrument for resolving the financial pitfalls of small business. Lacking the resources, knowhow and sheer resilience of their larger cousins, small businesses are ill-equipped to survive the insolvency process, often leading to sub-optimal outcomes for both owners and creditors.
Thankfully, change is here. The federal government has passed through the most wide-ranging reforms of Australia s insolvency framework in at least 30 years. While the changes are a direct response to the coronavirus pandemic – a catastrophe that has disproportionately affected small businesses – they re a long overdue reimagining of how debt restructuring can work for those with liabilities of less than $1 million. ....

Small Business Restructuring Process , Small Business Restructuring Practitioner , Solvera Advisors , சிறிய வணிக மறுசீரமைப்பு ப்ரோஸெஸ் , சிறிய வணிக மறுசீரமைப்பு ப்ர்யாக்டிஶநர் ,