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UK INSOLVENCIES
Bank of Baroda settles NMC Health dispute for $600 million; Q1 credit grows 17%Bank of Baroda has settled a significant legal dispute with NMC Health entities for USD 600 million, resolving claims under UAE and UK regu...- Morgan Stanley was among first global banks to back MFS before boom and bustMorgan Stanley initially backed British private credit firm Market Financial Solutions (MFS) before its collapse under $2.4 billion in debt...
- Sunbird Dispute: HC asks SpiceJet to disclose its assetsSpiceJet must reveal its assets to Sunbird France. The lessor seeks payment for unpaid lease rentals and engine maintenance. A UK court ord...
- Manager of Indian restaurant in UK banned for 5 years over illegal workersMasoom Khan, manager of an Indian restaurant in Herefordshire, has been banned as a company director for five years after employing two ill...
- UK insolvencies surge as rising rates and energy bills take tollThe total surged to 2,457 in March, a 16% increase on a year earlier, according to the government's Insolvency Service.
- UK races to minimise damage from Silicon Valley Bank collapseThe government is trying to limit the damage to British tech companies resulting from the chaos engulfing the UK arm of the lender.
- UK races to minimise damage from Silicon Valley Bank collapseMore than 250 UK tech firm chief executives signed a letter addressed to Hunt on Saturday calling for government intervention, a copy seen ...
- UK races to minimise damage from Silicon Valley Bank collapseUK races to minimise damage from Silicon Valley Bank collapse
- Amid fuel price hike, Wales and England insolvencies rise by 43%. Read detailsThe percentage of insolvent companies in Wales and England has increased by 43%. Economists suggest consumers will spend less and businesse...
- Sanjeev Gupta's Liberty Steel to restart operations, in talks with British governmentGupta's conglomerate GFG Alliance said earlier this month it was in talks with administrators of Greensill over a standstill agreement. On ...
- Director of Indian restaurant in UK banned for tax dodgeThe director of an Indian restaurant company in Brighton on the south coast of England has been banned for six years after an investigation...
- Jet Airways hits upper circuit after CoC approves resolution plan“The resolution submitted by Murali Lal Jalan and Florian Fritsch has been duly approved by the CoC under Section 30(4) of the Code as the ...
- Vijay Mallya cannot use pendency of plea to stall insolvency proceedings against him: SCA bench headed by Chief Justice SA Bobde passed the order after the Centre told the top court that Mallya used pendency of his plea to stal...
- NCLAT upholds NCLT order to initiate insolvency against Aditya EstatesThe appellate tribunal said that Aditya Estates in a debt asset swap agreement had undertaken obligation to repay the loans availed by Assa...
- Liberty House may be left out of bidding for bankrupt companiesAmtek Auto’s lenders and the insolvency professional are planning to seek NCLT’s view on Liberty House’s standing, according to two people ...
- Wipro says Q4 profit may be impacted by telecom client's insolvency proceedingsWithout naming the client, Wipro said it had signed a multi-year outsourcing services agreement with a telecom services provider.
- TRC, FRP join hands to offer advisory services for Insolvency and Bankruptcy Code in IndiaThe Insolvency and Bankruptcy code which came into effect last year seeks to consolidate the existing framework by creating a single law fo...
- Some insolvency rules need to be more stringent: Stephen Cork, Cork GullyThe direction is to go with the debtor-led approach away from the influence the bank has had in the UK.
- India, UK CEOs decide to set up Advanced Manufacturing Technology CentreThe centre will be established with equal participation from both the governments, industry members and the academia.
- Proposed insolvency law is adequate: Sumant BatraSumant Batra, president of UK-based International Association of Restructuring and Insolvency Professionals (INSOL), which has been assisti...
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