IFCI has filed the petition against the Kolkata-based company under Section 7 of the Insolvency and Bankruptcy Code (IBC). State-run lender IFCI has filed an insolvency petition against Jai Balaji Industries (JBIL) at the Kolkata bench of the National Company Law Tribunal (NCLT), seeking the initiation of corporate insolvency process against the steelmaker over unpaid…
Malcolm Roberts’ hopes of replacing himself in the Senate appear doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy. Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal. The move comes after Mr Anning struck a confidential…
As authorities pick apart the life of Las Vegas shooter Stephen Paddock, they have come across one major thread of suspicious behavior: how he handled his money. Paddocks recent financial transactions have become a key focus for investigators looking to learn more about the Nevada man and why he launched the deadliest mass shooting in…
The previous time Ireland experienced this much excitement about an international Bale out, the year was 2010, the IMF were in town and the country was officially declared bankrupt. Now its the Welsh who are seeking assistance after their worst fears were realised yesterday when it emerged that Gareth Bale, their best player, has been…
An ad for an online bingo site has been banned for suggesting that gambling could provide an escape from depression and a way of paying off debt and medical bills. The Gala Bingo ad, seen on the 365dailynews website, was in the form of an article with the headline: “On their wedding night he delivered…
BLOOMINGTON State Farm plans to let some local employees go, but will continue to have the same number of workers in Bloomington-Normal while restructuring its information technology department over the next year. “Job reductions will begin by offering a severance payment to certain employees who voluntarily elect to leave the company. We are uncertain how…
US President Donald Trump has told struggling Puerto Ricans to be very proud of the relatively low death toll, while suggesting its recovery after devastating Hurricane Maria has put his budget a little out of whack. One of the first people Mr Trump met when he and his wife, Melania, touched down in San Juan on Tuesday…
APPLETON, Wis., Oct. 3, 2017 /PRNewswire/ — Appvion, Inc. (the “Company”) today announced that it has received approval from the United States Bankruptcy Court for the District of Delaware of all of the first day motions related to its Chapter 11 filing. Collectively, the orders issued by the Bankruptcy Court will help ensure that the Company continues…
Canadian debt issuance climbed 12 per cent to a record in the first nine months of 2017, helped by deals from Canada Housing Trust and a major maple bond from Apple Inc (AAPL.O), bucking a weak trend in M&A and equity deals as Canadian companies slowed the pace of their outbound dealmaking. Debt deal volumes…
“We remain focused on operating our business as usual and serving our customers’ needs as we continue constructive discussions with our lenders on an expedited restructuring and emergence,” said Kevin Gilligan, Chief Executive Officer of Appvion. “The approval of our first day motions transitions us smoothly into our restructuring process, from which we expect to…