Bankruptcy

Bankruptcy law will be learning experience for at least 2-3 years: Bahram Vakil, founding partner, AZB & Partners

Bahram Vakil, the founding partner of leading law firm AZB & Partners, is reckoned among the country’s foremost infrastructure and project finance attorneys. He has worked on several committees that introduced major policy changes in the country. Among them are the U K Sinha Committee— working group on foreign investment in India; SEBI sub-group on regulatory guidelines for redeemable non – convertible preference shares, and the Viswanathan Committee on bankruptcy law reform.  He also played a vital role in drafting the new…

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Diplomatic immunity claims in Central African Republic

THREE-TIME Wimbledon champion Boris Becker has said he is claiming diplomatic immunity from bankruptcy proceedings in Britain as an ambassador for the Central African Republic. Lawyers for the 50-year-old tennis player, a former world number one, lodged a claim Thursday in the High Court asserting immunity after he was appointed a sports attache for the Central African Republic in April. Becker — who won six Grand Slams in the 1980s and 90s — was declared bankrupt by a London court…

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Boris Becker bankruptcy: Diplomatic immunity claims in Central African Republic

THREE-TIME Wimbledon champion Boris Becker has said he is claiming diplomatic immunity from bankruptcy proceedings in Britain as an ambassador for the Central African Republic. Lawyers for the 50-year-old tennis player, a former world number one, lodged a claim Thursday in the High Court asserting immunity after he was appointed a sports attache for the Central African Republic in April. Becker — who won six Grand Slams in the 1980s and 90s — was declared bankrupt by a London court…

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Teresa, Joe Giudice’s Bankruptcy Case Dismissed

A load off their shoulders. Teresa and Joe Giudice’s bankruptcy case has been dismissed, Us Weekly can confirm. Celebrity Mugshots The case was dismissed on Friday, June 15, according to New Jersey court documents obtained by Us. Though this is a big step for the reality TV couple, they are not yet completely out of debt. The documents note that Teresa and Joe still owe money to the IRS and the New Jersey Department of Treasury, but they have already…

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Insolvency process: Adani Power, JSW Energy submit EoIs for Monnet Power

JSW Energy and Adani Power have submitted separate Expression of Interests (EoIs) to acquire stressed asset firm Monnet Power, a source told Business Standard. This is the second company of Sandeep Jajodia to undergo insolvency proceedings. Spokespersons for Adani Power and JSW Energy declined to comment. Monnet Ispat and Energy, flagship firm in Monnet Industries, is also undergoing insolvency proceedings wherein JSW Steel and AION Capital have together sought to acquire the firm for…

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‘RHONJ’ stars Teresa and Joe Giudice almost in the clear in bankruptcy case

Modal Trigger Teresa Giudice and husband Joe Giudice of “The Real Housewives of New Jersey” leave US District Court in Newark, NJ, after pleading guilty to charges of fraud on March 4, 2014. London Ent. /Splash News Teresa and Joe Giudice’s bankruptcy case is finally ending. A United States bankruptcy judge dismissed their 2009 case on Friday, per court documents obtained by Page Six. They aren’t totally in the clear yet, though, as they still need to pay back the…

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CarePredict Set to Buy IP of San Antonio’s WiseWear From Bankruptcy

San Antonio—The intellectual property of WiseWear, the bankrupt company that sold fashionable wearable devices, may be sold to the new employer of WiseWear founder Jerry Wilmink. CarePredict, a Plantation, FL-based business that sells wearable devices and software to assisted living facilities for monitoring residents, bid $110,000 to buy the intellectual property assets of WiseWear, according to a June 8 court filing. WiseWear filed a motion to have the bid approved, and the bankruptcy court in the western district of Texas…

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Boris Becker claims bankruptcy immunity with Africa envoy role

Tennis legend Boris Becker is claiming diplomatic immunity from bankruptcy proceedings in the UK. Mr Becker has been appointed as sports attache to the Central African Republic. Last year bankruptcy proceedings were brought against the former tennis ace over money he allegedly owes to a London-based private bank, Arbuthnot, Latham and Co. An application to the High Court had been made to prolong Mr Becker’s period of bankruptcy in order to release more assets. But Mr Becker’s lawyers have told…

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Boris Becker claims diplomatic immunity in bid to wriggle out of bankruptcy

Three-time Wimbledon champion Boris Becker has claimed diplomatic immunity from bankruptcy proceedings against him by taking up a role with the Central African Republic as a sports envoy. Becker, 50, was declared bankrupt by a British court in 2017 in connection to a debt to private bankers Arbuthnot Latham & Co. He has recently been pursued for “further assets”, according to a statement by his lawyers. The German former world number 1 lodged a claim at the High Court in…

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Boris Becker claims diplomatic immunity to fend off bankruptcy case

LONDON (Reuters) – Former tennis champion Boris Becker has claimed diplomatic immunity from bankruptcy proceedings against him by taking up a role with the Central African Republic as a sports envoy. Tennis – ATP – Monte Carlo Masters – Monte-Carlo Country Club, Monte Carlo, Monaco – April 19, 2018 Boris Becker is awarded with the international tennis hall of fame ring to honour his career REUTERS/Eric Gaillard Becker, 50, was declared bankrupt by a British court in 2017 in connection…

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Becker claims immunity from bankruptcy

Former world tennis number one Boris Becker has claimed diplomatic immunity from bankruptcy proceedings in the UK – citing his role as a sports attache to the Central African Republic. Becker, who is a three-time Wimbledon champion, was appointed to the role in April and lawyers for the 50-year-old German lodged a claim asserting immunity in the UK High Court on Thursday. His position as attache to the European Union on sporting, cultural and humanitarian affairs is covered by the…

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ICICI Bank files insolvency petition against Punj Lloyd

ICICI Bank Limited filed an insolvency petition under the Insolvency and Bankruptcy Code, 2016 against Punj Lloyd Limited before the NCLT Principal Bench, New Delhi on 28 May 2018. On June 14, 2018, the NCLT issued notice to Punj Lloyd Limited to file their reply within 2 weeks. The petition has been filed in the ordinary course of business against a defaulting borrower and has been determined to not be material to ICICI Bank. Shares of ICICI BANK LTD. was…

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Boris Becker claims diplomatic immunity to avoid bankruptcy

Former world tennis number one Boris Becker has claimed diplomatic immunity from bankruptcy proceedings – citing his role as a sports attache to the Central African Republic. Becker, who is a three-time Wimbledon champion, was appointed to the role in April and lawyers for the 50-year-old German lodged a claim asserting immunity in the High Court. His position as attache to the European Union on sporting, cultural and humanitarian affairs is covered by the 1961 Vienna Convention on Diplomatic Relations.…

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‘Immensely proud ambassador’ Boris Becker aces creditors

Any legal action would require the agreement of Boris Johnson, the Foreign Secretary, as well as the Central African Republic’s foreign minister. Experts said that anyone could become a foreign diplomat if invited to do so by the country. Britain’s Prince Charles, right, speaks to German tennis legend Boris Becker at a reception and dinner for The British Asian Trust at Guildhall in London in 2017. Photo: AP Becker’s decision to become a diplomat could mean that none of the…

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Court declares Admiral Boats bankruptcy

The District Court in Gdańsk declared the bankruptcy of Admiral Boats, the company said on Thursday. At the same time, the court dismissed an application to approve terms of Admiral Boats sale in the course of the liquidation procedure. The Management Board of Admiral Boats filed an application for bankruptcy in April 2017…. This content is for Silver 6 months, Gold 1 Year and Bronze 2 weeks members only.Log In Buy Subscription Source link

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