NCLT clears liquidation of Gupta Coal India; had debt of Rs 2580 cr – Financial Express

The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India.(Representational image) The Mumbai bench of the National Company Law Tribunal (NCLT) has approved the liquidation of Gupta Coal India, sources aware of the development told FE. The Nagpur-based firm had filed a petition for the initiation of…

Zebra Technologies Completes Comprehensive Debt Restructuring … – Business Wire (press release)

LINCOLNSHIRE, Ill.–(BUSINESS WIRE)–Zebra Technologies Corporation (NASDAQ: ZBRA), the market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, announced that today it has completed the comprehensive plan to restructure its debt, which was initiated in July 2017. Today, the company redeemed the remaining $300…

Pittsfield: Micro-grants help BCC students reduce debt – Berkshire Eagle

PITTSFIELD Berkshire Community College, with sponsorship from Guardian Life Insurance Company of America, is offering select students micro-grants to help them pay their past-due debts and stay on track to graduate. The program is called the “Guardian Value Scholarship,” which identifies students who are in good academic standing but unable to re-enroll due to college…

Professionals knock NCLT doors to keep cos under insolvency running – Times of India

Coimbatore: Operational hurdles, including that from non-cooperative promoters and staff of company under insolvency process is forcing interim resolution professionals (IRPs) to move National Company Law Tribunal (NCLT). In a recent case involving ABG Shipyard, Sundaresh Bhat, the IRP, moved the Ahmedabad bench of the NCLT to stop an electricity company from disconnecting power supply…

European Stability Mechanism Implements Short-Term Debt Relief Measures For Greece – Exchange News Direct

The European Stability Mechanism (ESM) has successfully implemented the short-term debt relief measures for Greece over the course of 2017. The package is intended to reduce the interest rate risk on Greeces outstanding loans with the European Financial Stability Facility (EFSF) and ESM. It is expected to substantially reduce the countrys debt burden over the…