Coimbatore: The Chennai bench of the National Company Law Tribunal (NCLT) has initiated the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) against a company based on a petition by an office assistant for non-payment of salary dues amounting to Rs 3.2 lakh. Pradeep M R, the office assistant, classified as an…
The Natrona County Sheriff’s Office has arrested a man for allegedly forging 35 checks on an elderly woman’s account and siphoning over $15,000 from her over the course of a year. Roy Davis, 45, was booked into jail on recommended charges of abuse of a vulnerable adult as well as 35 counts of forgery. He will…
LONDON (AFP) – Bankrupt former tennis star Boris Becker on Wednesday (Jan 24) appealed for help in tracking down five missing Grand Slam trophies which he needs to sell to help pay off his debts. The German shook up the tennis world at Wimbledon in 1985 when, as an unseeded player, he became the then…
Rob Sussman, Integr8’s joint-CEO. BCX-owned ICT management and managed services company Integr8 is restructuring its operating model. In a short statement to ITWeb this morning, Telkom subsidiary BCX said: “To increase sustainability and profitability, the current Integr8 operating model is being restructured to align with the current BCX operating model.” According to BCX, the purpose…
General Electric warned on Wednesday that 2018 will be another challenging period for GE Power and could shape up to be an even worse year than expected for the embattled business unit. GE’s power unit, which focuses on selling and servicing equipment to power plants, is one of three units the conglomerate is focusing on…
Natural Light is making a new appeal to cheap beer fans by offering some student debt relief. The Anheuser-Busch InBev economy brand will run a Super Bowl spot in 10 local markets to plug a new program in which it’s giving away $1 million to help people pay off student loans. Because this is marketing,…
Image copyright Getty Images The number of personal insolvencies rose in Scotland in the last quarter of 2017, according to official figures. Accountant in Bankruptcy (AiB) reported 2,691 bankruptcies and protected trust deeds (PTDs) between October and December – a year-on-year rise of 2.1%. The number of bankruptcies fell by 4.2% to 1,089, while PTDs…
Patrick Jenkins, Financial Editor January 24, 2018 Senior City of London figures have issued an impassioned plea that the collapse of Carillion and the crisis of confidence in public-sector outsourcing it has caused should not spell the end of collaboration between government and business through the private finance initiative. Carillion was put into liquidation last…
The cash-splashing director of a nuisance call biz has been struck off for 12 years after breaking telemarketing rules and trading while insolvent. Tony Abbott was the sole director of Reactiv Media, which used its large database of UK customers to make unsolicited direct marketing calls for a range of businesses. However, the biz went…
Boris Becker was declared bankrupt in June last year over a £3.3million debt The tennis star is said to have earned about £100million throughout his career Mr Becker and bankruptcy trustees are appealing for help finding his trophies The former Wimbledon great says he cannot remember where the items are By Julian Robinson for MailOnline…