In many ways, it makes so much sense for Digit to enter this territory. The app has had great success in helping its users save: In the three years since it rolled out, Digit has helped users save a collective $1 billion. This interest in alleviating credit card debt is unique to Digit Pay and…
Soon there may be a provision to withdraw the application for initiating Corporate Insolvency Resolution Process (CIRP), post admission. This is part of the proposed changes that the government is contemplating for the Insolvency and Bankruptcy Code (IBC) through the Ordinance route. The Union Cabinet will most likely consider an Ordinance for this purpose at…
The Kolkata Bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The Division Bench completed hearing all petitions excepting the one filed by the Resolution Professional (RP) alleging fraudulent transactions involving the promoters of Binani Cement. A total of 14 petitions were…
JAMIE Oliver’s business woes have deepened with his Australian restaurant group falling into voluntary administration. The celebrity chef’s UK restaurants have been in financial strife amid rising costs and consumer caution, partly as a result of the Brexit vote, and his Canberra venue has now been closed. The Jamie Oliver Restaurant Group Australia, which operated…
NorthCapital Holding ApS is an international investment company with its registered office in Copenhagen, Denmark. It is primarily active in the fields of gemstones, oil and gas. However, the company also invests in companies of the financial and production sector. Thus, within the scope of its merger & acquisition strategy, the company today acquired Starz…
Controversial property developer Salim Mehajer has been found guilty of intimidating his ex-wife when he emailed and messaged her in 2017. Magistrate Jacqueline Trad on Tuesday rejected Mehajer’s “confusing” and “self- serving” evidence that he hadn’t sent certain emails and an Instagram message to ex-wife Aysha Learmonth. Play Video Don’t Play North Shore rapist denies…
The Kolkata bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The Division Bench completed hearing all petitions excepting the one filed by the Resolution Professional (RP) alleging fraudulent transactions involving the promoters of Binani Cement. The 270-days moratorium period for Binani…
Expressions of interest (EoI) for the assets of bankrupt Moser Baer Solar are likely to be invited this week, resolution professional Arvind Garg announced. The company owes over Rs 1,000 crore to a number of lenders. April 24, 2018pv magazine In November 2017, the Indian manufacturer and EPC contractor was taken to the New Delhi…
International law firm Hogan Lovells announced that bankruptcy lawyers Richard Wynne, Bennett Spiegel, and Erin Brady have joined the firms Business Restructuring and Insolvency (BRI) practice as partners in Los Angeles. All three are recognized leaders in their practice, with significant experience advising debtors, creditors, creditors’ committees, bondholders, trustees, and buyers across a wide range…
ROHNERT PARK, Calif., April 24, 2018 /PRNewswire/ — Columbia University’s medical school announced recently that the school is implementing a new scholarship program that would replace loans with scholarship funds for students who qualify for financial aid. This new effort to reduce loans will likely be welcome by many medical students attending Columbia since medical…