Supreme Court has stayed the insolvency proceedings against real estate firm Jaypee Infratech New Delhi: The Supreme Court today stayed the insolvency proceedings against real estate firm Jaypee Infratech at National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to embattled firm and others on a plea…
Ten Network’s secured creditors and staff will be paid out in full under the restructuring plan to sell the company to the US broadcasting giant CBS. But key content providers such as production houses on contract to Ten will only receive 100 cents in the dollar if they remain with the network. In a…
The Supreme Court stayed on Monday the insolvency proceedings against real estate firm Jaypee Infratech at National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to embattled firm and others on a plea filed by homebuyers who have not yet received possession of their dream flats booked…
Murdoch-controlled 21st Century Fox faces getting close to nothing in the payout of Network Ten creditors if it does not come to a new content supply agreement with the free-to-air broadcaster’s likely new owner CBS. Ten administrators KordaMentha assessed the debt claim for the US studio, of which Lachlan Murdoch is executive chairman, to be…
The Supreme Court on Monday stayed an order passed by the Allahabad bench of the National Company Law Tribunal (NCLT) on Jaypee Infratech. The Allahabad bench of the tribunal had accepted IDBI Bank’s plea and classified Jaypee Infratech as insolvent. A bench headed by chief justice of India (CJI) Dipak Misra was hearing a public…
US Treasury Secretary Steven Mnuchin on Sunday challenged Congress to raise the governments debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said had caused up to $180bn (£138bn) in damage. Harvey, which came ashore on 25 August as the most powerful hurricane to hit…
Business and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Manchester-based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues. The only provider of simultaneous, real-time access to multiple sources…
New Delhi, Sept 4: The Supreme Court today stayed the insolvency proceedings against real estate firm Jaypee infratech at the National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to the embattled firm and others on a plea filed by homebuyers who have not yet received possession…
(Adds details, shares) Sept 4 (Reuters) – Avocet Mining said on Monday its subsidiary Societe des Mines de Belahouro (SMB), which operates the Inata gold mine in Burkina Faso, may file for insolvency after a loan repayment freeze with its creditors expired. The boards of SMB and Avocet will meet on Sept. 8 to consider…
By: Express Web Desk | New Delhi | Published:September 4, 2017 1:45 pm Buyers protest against Jaypee over delay in handing over flats Related News On a petition by home buyers, the Supreme Court on Monday stayed the order passed by National Company Law Tribunal (NCLT) which had declared Jaypee Infratech as insolvent. The court also…