LINCOLN, Neb., June 23, 2017 (GLOBE NEWSWIRE) — Crossroads Capital, Inc. (the Company) announced the results of its reconvened special meeting held on June 23, 2017. The Companys special meeting of stockholders was convened on June 2, 2017. Shareholders approved the Companys withdrawal of its election to be regulated as a business development company under…
By: ENS Economic Bureau | Mumbai | Published:June 24, 2017 2:03 am On Thursday, banks had decided to take Bhushan Steel, Essar Steel and Electrosteel Steels to NCLT for insolvency proceedings. Lenders, led by Punjab National Bank, on Friday decided to initiate proceedings against Bhushan Power & Steel under the Insolvency and Bankruptcy Code. Banks…
MUMBAI: A consortium of lenders has given Punjab National Bank (PNB) the mandate to begin bankruptcy proceedings against Bhushan Power and Steel, one of the largest defaulters among the 12 companies identified by the Reserve Bank of India. The company, promoted by Sanjay Singhal, has outstanding loans of more than Rs 55,000 crore and is…
The Finance Ministry obligates itselfstarting next yearto fund the pensions of 9,000 Holocaust survivors who have so far received it from the Company for Location and Restitution of Holocaust Victims Assets, the amount of which is estimated to be about NIS 100 million annually. In anticipation of the…
You thought you did everything right: got into a good college, netted that degree, and joined the working world. To put the cherry on top of your adulting sundae, you decided to streamline your student debt with some professional help thinking that, for only a couple hundred bucks, a reputable company would get your loans…
London: Former German tennis star Boris Becker has been declared bankrupt by a court in London after failing to pay a “substantial” long-standing debt since 2015. Laywers for the the three-time Wimbledon champion pleaded with a Bankruptcy Court registrar today to allow Becker a “last chance” to pay off the debt. But Registrar Christine Derrett,…
A “greedy” ex-footballer stole more than £15,000 from a Cardiff high school to pay off hefty gambling debts after losing his career earnings, a court heard. Cortez Belle, 33, who has played for teams including Port Talbot Town, Carmarthen and Merthyr, previously pleaded guilty to two counts of fraud by abuse of position and one…
Mumbai: Lenders led by the State Bank of India on Thursday decided to begin insolvency proceedings against Bhushan Steel, Essar Steel and Electrosteel Steels by referring them to the NCLT for recovery under the Insolvency and Bankruptcy Code (IBC). The decision was taken at a marathon meeting chaired by the SBI. While Bhushan Steel is…