A recent ordinance introducing Section 29A in the Insolvency and Bankruptcy Code (IBC) debars promoters declared wilful defaulters of companies facing bankruptcy proceedings to bid for the stressed assets. This legal initiative has come not a day too soon. Clever operators who had stripped their companies and misused loans have been regaining control through legal…
NEW YORK, Dec 3 (Reuters) – Energy Transfer Partners , an oil and gas pipeline company, may see its value rise given strong business prospects and a potential change to its governance, financial publication Barrons reported. Energy Transfer, a master-limited partnership, has underperformed its peers and the value of its units are down about 31…
Management at the Royal Bank of Scotland (RBS) were aware of failings in its small business restructuring group, but turned a blind eye, according to a leaked report seen by the Mail on Sunday. The Financial Conduct Authority (FCA) investigated RBS‘s Global Restructuring Group (GRG) after small businesses claimed they were wrongly and to their…
Other peoples cat and mouse tactics set Jarrod Conroy on the path to commercial solar, the founder of Victoria and NSW business Roycon tells EcoGeneration. How long have you been installing solar? I was doing it as an apprentice back in 2011. Systems were pretty much free with the rebates at the time. It was…
Oroton stores will operate as usual after the 79-year-old Australian luxury handbag retailer collapsed into voluntary administration. The company says it has been unable to find a viable option for recapitalising or selling the business following a seven-month strategic review. Interim chief executive Ross Lane, the grandson of Oroton founder Boyd Lane, said there was…
York Regional Police are hunting a suspect after a man was seriously injured at an illegal gambling den in Richmond Hill. Officers were called to a plaza at 9005 Leslie St., near Hwy. 7, on June 9 around 2 p.m. for a report of an assault. They found a 23-year-old man suffering from serious injuries…