In another setback for Essar Steel, the Ahmedabad bench of National Company Law Tribunal (NCLT) on Wednesday admitted the insolvency petition against the defaulter company filed by lenders State Bank of India (SBI) and Standard Chartered Bank (SCB) in a common order. Through the order, the NCLT bench rejected Essar Steel’s…
A man was sentenced Monday for his role as an enforcer in a violent gambling organization run by a former University of Southern California (USC) football player. Jack Rissell, 51, was convicted of extortion and sentenced to 24 months in prison, according to the U.S. Attorney’s office. A USC football player, Owen Hanson, was in…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
The Reserve Bank of India (RBI) is understood to be almost ready with a second list of companies that banks can refer to the National Company Law Tribunal (NCLT). (PTI) Now that a resolution for eight stressed companies can be attempted via the Insolvency and Bankruptcy Code, a new list of companies from whom bankers…
Contrary to what you may believe, investing isn’t only a rich man’s game. Here’s how you can grow your wealth with just R500 per month You might think youre too broke to start investing your money, but the reality is that you can actually start with as little as R100 a month. However, since the…
New Delhi, Jul 31 ()Inox Wind today said National Company Law Appellate Tribunal(NCLAT) has released the company from the rigour of law and allowed it to function independently through its board of directors with immediate effect. NCLAT has also directed National Company Law Tribunal (NCLT) to close the Corporate Insolvency Resolution Process (CIRP)initiated against the…
Justin Shaw signed up to work as a police prosecutor because he wanted to make the community safer. But too often he just felt like a debt collector for a private company. The constant prosecution of toll road infringements weighed on his conscience. Play Video Don’t Play Government sticking to its plan Play Video Don’t…
The Legislature has a busy day ahead with solar, student debt relief and hands-free driving bills on the agenda. Lawmakers are set to return for their final day of session to deal with bills, vetoes and bonds. Republican Gov. Paul LePage has voiced support for a $40 million bond for student d… Read the full…
UPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…
UPDATE 7pm: AFTER months of uncertainty an embattled central Queensland miner and part-owner of Wiggins Island Coal Export Terminal was placed into liquidation today. Administrators PPB Advisory confirmed this afternoon creditors voted that all five companies in the Caledon Coal Group (Caledon Coal Pty Ltd, CC Pty Ltd, Guangdong Rising (Australia) Pty Ltd, Blackwater Coal…