The job of an insolvency resolution professional (IRP) is not all about exercising power just because he or she is is empowered, said Ashish Chhawchharia , partner restructuring services, Grant Thornton Advisory , which is now engaged in supporting ongoing insolvency proceedings at many firms including two of the large dirty dozen cases -Alok Industries…
Catching up with online surfwear retailer Surfstitch.com recently was an eye opener to what the business has been going through following the recent announcement that its holding companies had gone into voluntary administration. On 24th August 2017, SurfStitch Group Ltd announced it had gone into voluntary administration having been beleaguered with several legal issues, including…
A Moray engineering company has gone into liquidation with the loss of more than 30 jobs. Brown Engineering of Fochabers was established in the 1970s. It specialised in the manufacture, installation and maintenance of plant and machinery and pipework for the distilling and malting and oil and gas industries. Liquidators KPMG said 32 of the…
By JAINDI KISEROMore by this Author I am well aware that the obsession of the moment in this country right now is politics. But I have decided to return to the issue of the government-backed bailout of Uchumi Supermarkets Ltd. I am compelled to do so in reaction to comments and inquiries by suppliers and…
Related Story: Alleged mastermind behind tax-evasion scheme ordered to pay $8.5m Related Story: ‘Too many to count’: Controversial finance adviser’s alleged crimes laid bare An elderly Queensland couple face losing their home and business after falling victim to the alleged mastermind of a massive tax-evasion scheme, in a case…
(Reuters) – American International Group Inc (AIG.N) said on Monday it will reorganize into three new units and will no longer have separate commercial and consumer businesses, marking the first major strategic move by new Chief Executive Officer Brian Duperreault. Under the new structure, AIG will have a general insurance business, a life and retirement…
IU will provide one-stop shop for details on all financial transactions Mumbai, September 26: Indias first information utility (IU), a one-stop shop for details on all financial transactions of lenders, information utilities under the insolvency and bankruptcy, has got a go-ahead. On Tuesday, the Insolvency and Bankruptcy Board of India (IBBI) granted it a renewal…
FEDERAL MP David Littleproud has called out the region’s CSG companies, demanding they outline to him their local procurement practices and employee recruitment. Mr Littleproud has taken the hardline stance because he does not want the Maranoa to be seen as the hub for fly-in, fly-out (FIFO) gas workers and has called for greater transparency.…
FRANKFURT/DUESSELDORF (Reuters) – Thyssenkrupp raised almost 1.4 billion euros ($1.7 billion) in a share placing on Tuesday to help fund the industrial goods businesses that will stay with the firm after the planned merger of its steel operations with Tata Steel next year. The German steel-to-elevators group needs to strengthen its balance sheet, part of…
Hurrah for the Alexandra Blossom Festival. Every year the colourful pink and white blossom adorn the fruit trees of the district, heralding longer days, warmer times and bounty on the branches. Every year, too, for 61 occasions, Alexandra has celebrated its blossom festival. Last year, when the 60th was marked, bumper crowds turned out and…