Calcutta: The corporate insolvency resolution process initiated against bankrupt Binani Cement is set to miss the 270-day deadline stipulated under the Insolvency & Bankruptcy Code, 2016 as challenges thrown at the resolution plan from several quarters, including UltraTech Cement, continue to be heard by the Calcutta bench of the National Company Law Tribunal. Judicial members…
This week, Jacqueline McDowall became the human face of the the malpractice of Australias financial services industry, as she tearfully recounted the woeful advice she was given by Westpac that cost her her house, and most of her superannuation. The nurse and her husband hoped to buy and run a bed and breakfast, so she…
Fri, Apr 20, 2018 – 8:59 AM GOLDILOCKS Investment Company on Friday said it is working on an alternative restructuring plan for Noble Group with other investors, and called on shareholders to repopulate the Noble board in support of its initiatives. “Goldilocks and a consortium of like-minded investors are prepared to provide Noble with working…
NEW YORK (WABC) — From everyday shopping to charging student loans, medical bills and all those unforeseen expenses — credit card debt has ballooned. Most Americans carry at least $5,500 on plastic, and the fees are keeping us in a revolving door of debt. “If you have multiple high-interest credit cards, it’s going to become…
Bon-Ton Stores, parent company of Herbergers, announced Tuesday that a winning bid of $775.5 million was made by liquidators Great American Group and Tiger Capital Group and a group of Bon-Tons debt holders. While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going…
Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating “only God” has the power to declare him insolvent. A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded an…
TWO DROITWICH companies have gone into liquidation leaving 34 staff members redundant, writes Anu Shukla. Flood Angel and UK Flood Barriers operated together as a company under the umbrella business Global Flood Defence Holdings. Many of the employees, some who had worked for the company over the last seven years, said they expected their wages…
Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating “only God” has the power to declare him insolvent. A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded an…
Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now. New Delhi: ArcelorMittal and Nu Metal will get another chance to prove their credentials to take over Essar Steel, facing insolvency proceedings in bankruptcy court. The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Thursday…
By Joanna Crawley For Mailonline Published: 19:52 AEST, 20 April 2018 | Updated: 20:14 AEST, 20 April 2018 e-mail 125 View comments She’s worked hard on an incredible health overhaul this year. And Kerry Katona showed off the results of her two stone weight loss during a sunny day at the park in Tonbridge Wells on…