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Headlines
SBI Flags Reliance Telecom Loan as Fraud Amid Ongoing Insolvency Process
Reliance Communications Limited has disclosed that its subsidiary, Reliance Telecom Limited, has had its loan account classified as fraudulent by State Bank of India following a decision by the bank’s fraud identification…
Judge Blocks MFS CEO’s Pick to Oversee Unit of Failed Lender
A London court blocked a bid by the chief executive officer of collapsed property lender Market Financial Solutions Ltd. to have his preferred officials oversee the insolvency of one of the group’s entities. On Friday, Judge…
PipeHawk Moves to Wind Up Insolvent Subsidiary Adien
PipeHawk plc has disclosed that its subsidiary Adien Ltd has been deemed insolvent by Adien’s board, which has called a general meeting of shareholders to pass a special resolution to wind up the company, TheGlobeandMail.com…