A Grantham man who threw packages of drugs over the wall into Lincoln Prison has himself been jailed for two years. Charles Smith was caught on CCTV security cameras as he threw two packages containing cocaine, ecstasy and synthetic cannabis. Andrew Scott, prosecuting, told Lincoln Crown Court that one of the packages was found by…
ADVISORS at Wiltshire Citizens Advice expect January 31 to be the years busiest day for debt advice. They say that people seeking help with their debts generally call for help on the last day of January. Locally, Wiltshire Citizens Advice is expecting 300 people to seek advice on debt this month. Suzanne Wigmore, Chief Officer…
MUMBAI: The Reserve Bank of India has ordered banks not to initiate bankruptcy proceedings against Jaiprakash Associates, possibly in anticipation of legal complications after a Supreme Court ruling barred its promoters from selling or transferring assets, said bank executives. The ruling was aimed at safeguarding the interests of buyers of homes being built by the…
London-based Foresight Solar Fund has followed through on plans to acquire three solar projects under construction in Queensland after sealing a $55 million debt facility from the Clean Energy Finance Corporation thanks to the inclusion of innovative forecasting technology. The acquisition of the three solar farms from Canadian Solar will expand Foresight’s portfolio in Australia to 252 megawatts,…
A man withdraws money from an ATM at a branch of Vietnam Prosperity Joint Stock Commercial Bank (VPBank) in Hanoi, Vietnam Nov 15, 2017. (Reuters photo) HANOI: Vietnams national assembly on Monday gave authorities the ability to declare troubled banks bankrupt, through an amendment to a law on the operation of credit organisations, the government…
January 4 2018, 12:01am, The Times Ross Maguire Once lawyers get hold of a system there will inevitably be unnecessary delays and expenses The new personal insolvency system had some spectacular successes last year. It was set up to deal with unsustainable personal debt in Ireland, which in the main means mortgage debt, particularly on family…
The insolvency regulator has amended regulations to allay creditor concern on valuation of bids for insolvent companies. The Insolvency and Bankruptcy Board of India (IBBI) has also cleared the confusion over what constitutes a dissenting lender. Amendments to the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations say liquidation value to be paid…
MUMBAI: Kolkata-based Adhunik Group has received about 15 to 20 separate expressions of interest (EoIs) collectively for its four struggling resources and metals companies that now await the resolution of Rs 5,000 crore in debt and claims at dedicated insolvency courts. Adhunik Alloys and Power, Adhunik Metaliks, Zion Steel, and Orissa Manganese and Minerals await…
Spotify wants to sell its shares to public investors this spring. And as part of its prep plans, the streaming music company has cleaned up a sticky debt deal, with the help of a big Chinese tech company. The short version: TPG and Dragoneer Investment Group, who had led a debt round that lent $1…