Aug 29, 2017 08:39 PM IST | Source: CNBC-TV18 The Reserve Bank of India has sent the second list of over 40 large corporate defaulters that include Videocon, JP Associates, IVRCL and Visa Steel, among others, to be referred to the National Company Law Tribunal (NCLT), reports CNBC-TV18 quoting sources. The Reserve Bank of India…
The fall out continues after the shock announcement by Western Downs based construction company Ostwald Brothers that they have been placed into Voluntary Administration. After the announcement was made yesterday, all staff were stood down for 48 hours while the administrators, Price Waterhouse Coopers who have been called in to take over the running of…
Boris Becker was supposed to be commentating on the US Open for Eurosport The tennis legend has not made it to America due to issues with his visa He denied rumours that the problems are related to recent bankruptcy hearings By Mike Dickson for MailOnline Published: 10:23 +10:00, 30 August 2017 | Updated: 10:50 +10:00,…
One in five people struggling with debts has seen their credit card limit automatically increased – a higher proportion than for cardholders in general, a charity has claimed. Citizens Advice said 18% of those struggling financially had seen the limit increased without request, compared with 12% overall. It wants a ban on increases without a…
Retired Dublin solicitor and former property tycoon Brian ODonnell exited bankruptcy yesterday, The Irish Times reports. Ms Justice Costello formally discharged him from bankruptcy at a sitting of the High Court yesterday. Mr ODonnell and his wife, Mary Patricia, were judged bankrupt by the High Court in August 2013 in a finding confirmed by the…
Before we begin, let us all stipulate to two facts: 1) Senate Majority Leader Mitch McConnell is good at one thing and one thing only: obstructing a Democratic president; and 2) Speaker of the House Paul Ryan, the zombie-eyed granny starver from the state of Wisconsin, is a truly terrible politician on almost every level…
SINGAPORE (Reuters) – Asia’s second-biggest aircraft lessor, BOC Aviation Ltd (2588.HK), posted a 13 percent rise in half-year net profit but its CEO warned of a potential fall in industry yields from next year as lessors globally absorb more aircraft deliveries. There is going to be some downward pressure,” Chief Executive Robert Martin said in…
Neal Simpson The Patriot Ledger @nsimpson_ledger BOSTON – Three men accused of helping run an illegal gambling operation have been charged with kidnapping a man in Quincy last year to try to get him to repay nearly $40,000 in gambling debts. Vinh Huynh and Kim Nguyen of Dorchester, and Quang Le, of Rockland, were…
Shareholders have approved Lotte Groups plan to set up a holding company by splitting and then merging its four affiliated units, in a move the South Korean conglomerate says is aimed at simplifying its complex ownership structure. Investors in the retail groups four units Lotte Shopping, Lotte Confectionery, Lotte Chilsung Beverage and Lotte Food approved…
ONE of Dalby’s largest employers Ostwald Bros., announced this morning they are placing themselves into voluntary administration. In a statement this morning, Managing Director, Brendand Ostwald said a “downturn in mining and infrastructure” lead to the decision. “It is with deep regret we announce, we are placing Ostwald Bros Group and Ostwald Construction Materials into…