Nearly 32,000 people are affected by the NCLT order as they worry their savings given to the builder for their homes will go waste if the NCLT declares the company insolvent
and begins proceedings.
Across the whole of England and Wales 97,900 people were declared insolvent
in 2014, slightly fewer than the 99,696 who were declared insolvent
Early Delaware opinions on this topic suggested that creditors may have standing to bring derivative litigation while a corporation was in the "zone of insolvency," before the corporation was actually insolvent
. The Delaware Supreme Court has since rejected the concept of a zone of insolvency.
To look at how states in different fiscal situations behaved, we start by dividing them into three distinct groups: states that were never insolvent
, states that were insolvent
but managed to pay back their federal loans and did not incur the federal tax credit reduction, and states that became insolvent
and ended up incurring a federal tax credit reduction.
Therefore, in such cases the insolvency administrator of a judicially insolvent
debtor may claim repayment or request invalidation of security interests.
The bank said that it would not jump to the rescue of banks that found themselves insolvent
following fines to settle US tax evasion probes.
Regardless of how large and complex an insolvent
estate, the fact remains that each estate is a temporary assignment, and the mission of the receiver is to end that temporary assignment ASAP.
He said he had responded to the cause of insolvent
prisoners as it would give them a second chance in life.
2 August 2011 - Germany-based engineering group Siemens (ETR: SIE) announced yesterday it has received a regulatory approval to take over insolvent
US hearing care provider HearUSA for USD129m (EUR90.48m).
(ADPnews) - Jun 6, 2011 - Czech insolvent
lottery company Sazka said on Friday it had received a CZK 200 million (USD 12m/EUR 8m) loan to finance its operations.
(ADPnews) - May 12, 2011 - Insolvent
Austrian industrial holding company A-Tec Industries AG (WBAG:ATEC) reported a 57.1% annual increase in operating profit to EUR 25.3 million (USD 35.9m) for the first quarter of 2011.