Malaysian offshore vessel builder and owner Nam Cheong is the latest Singapore-listed offshore firm to seek restructuring. In a statement to the Singapore Exchange Nam Cheong said it had taken steps to review options to restructure its business, which were part of ongoing measures to ride out the challenging market. Nam Cheong said it was…
A few years passed by and just when the exasperated lenders were struggling hard to make the resort pay back came the Insolvency and Bankruptcy Code (IBC) 2016. A well-known resort in Assam owed its corporate lenders just around Rs 30 lakh and didnt bother to repay even the relatively small amount despite several reminders.…
Bankrupt mining magnate Joseph Gutnick’s wife has told an investigation into his financial affairs she knew little of his business interests but was “always signing things”. “I remember signing secretary a lot,” Stera Gutnick told an examination in the Federal Court on Monday. Mrs Gutnick and her son Mordechai are being questioned in the witness…
The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft norms in this regard. The proposal is to…
Barely two years after he was engulfed in a scandal over a Malaysia state fund, Prime Minister Najib Razak is set to clear another hurdle to putting the furor behind him and calling an early election. Malaysia is said to have agreed to pay Abu Dhabi $2.5 billion as a partial debt settlement for 1Malaysia Development…
New Delhi: The government plans to put in place a fasttrack resolution process for start-ups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft norms in this regard. The proposal…
Debt payment is a oftentimes a stressful process for consumers and National Debt Relief shared in an article published April 4, 2017 some tips to help people in Las Vegas deal with their debt payment problems. The article titled “How to Ditch Debt in Las Vegas” takes a look at some of the ways on…
NationalDebtRelief.com debt has become synonymous with spending power Past News Releases RSS Minneapolis, MN (PRWEB) April 23, 2017 Debt payment is a oftentimes a stressful process for consumers and National Debt Relief shared in an article published April 4, 2017 some tips to help people in Las Vegas deal with their debt payment problems.…
NEW DELHI: The government plans to put in place a fast-track resolution process for startups and small companies under the Insolvency and Bankruptcy Code. Looking to provide a faster exit mechanism for certain class of entities, the Insolvency and Bankruptcy Board of India (IBBI) has come out with draft norms in this regard. The proposal…