NEW DELHI: A former Air India pilot has dragged the national carrier to the National Complany Law Tribunal (NCLT) seeking initiation of insolvency proceedings against it, saying the airline has been unable to clear his dues. Captain Subodh Kumar, who served Air India (AI) for 28 years, has sought the settlement of his claims of…
Controversial property developer Salim Mehajer has been granted bail despite a Sydney court hearing he could try to flee the country – and a suggestion that there was a plane waiting for him in Queensland. The 31-year-old was successful on his fourth attempt on Thursday in the NSW Supreme Court, on condition of a $200,000…
Gambling company The Star Entertainment Group will raise $490 million from its Hong Kong-based partners as part of a tie-up that will reduce its exposure to the cost of new casinos and hotels and allow a dividend boost to investors. The company said on Thursday that leisure conglomerate Chow Tai Fook and developers Far East…
When you see your outstanding debts swallow your business gradually, you can feel anxious and distraught. You may even feel that your business is suffering days on end without lifeblood. Just a little cash adjustment might be all you desire to free up your investment avenues. This can be possible through credit counseling for some…
Analysts at NAB remained concerned about the buildup of excessive leverage in Chinas opaque financial system. In particular, they said a troubling debt buildup at the local government level leaves China particularly exposed to any property downturn. NAB said the issue has been lingering since 2013, after local governments used debt to carry out an…
Browne Craine & Co – Craig Mitchell Whenever a business, whether it be here on the Isle of Man or on the adjacent island, hits the headlines for going into liquidation, directors and officers of all types of companies would be well advised to take note. Whatever the size of your company, its liquidation is…
Componenta Corporation Stock Exchange Release on 29 March 2018 at 8.00 The information presented in this financial statement release relates to the continued operations of Componenta Group in the January December period in 2017 and in the corresponding period in 2016, unless otherwise stated. Continued operations in the review period were the foundry operations in Pori and Karkkila,…
Browne Craine & Co – Craig Mitchell Whenever a business, whether it be here on the Isle of Man or on the adjacent island, hits the headlines for going into liquidation, directors and officers of all types of companies would be well advised to take note. Whatever the size of your company, its liquidation is…
An attempt to sell insolvent KVV Liepajas Metalurgs companys electric steel casting plant along with its equipment failed today as the auction drew no bidders, the companys insolvency administrator Vita Dika told LETA. At two other auctions selling the steel companys property, EUR 82,000 were raised by selling a property in Liepaja at 100B Brivibas…