NEW DELHI: The government has further revised the ordinance it proposes to move to make changes to the Insolvency and Bankruptcy Code (IBC). The updated note that will be sent to cabinet for approval is likely to restrict the wide exemption proposed earlier for micro, small and medium enterprises (MSMEs) from the provisions of Section…
Related Story: Gas company ‘knew it was causing damage but allowed it to continue’ A gas company has been convicted and fined a record $4.5 million for causing serious environmental harm at its underground coal gasification plant on Queensland’s western Darling Downs. Linc Energy was found guilty by a District Court…
From the beginning, Danny and Betty Robersons love was steeped in their faith. I married her on top of a mountain in Colorado 16 years ago, as close to God as I could get her, Danny said. Danny decided to donate $10,000 to RIP Medical Debt in Betty’s memory, which will forgive $1 million in…
The amount lawsuits against Steinhoff reflects a company “heading towards liquidation, says prominent stock broker Petri Redelinghuys. In a note to shareholders, Steinhoff says it it is facing at least four lawsuits totalling over R60 billion. Redelinghuys says shareholders sue to ensure that jump the line of debtors a company has to pay. Steinhoffs latest note…
HUNDREDS of gamers have been left out of pocket as popular but controversial UK online store Gameseek has gone bust. Customers got a letter out of the blue from an insolvency firm informing them that the firm was to be liquidated. Pre-order offers had been a mainstay of Gameseek’s business Gameseek had previously attracted criticism…
Conglomerate Dalmia Bharat, with presence in cement, on Tuesday wrote to the bankruptcy resolution professional (RP) and committee of creditors (CoC) of debt-laden Binani Cement that the latters parent, Binani Industries, was acting in concert with UltraTech Cement for takeover of the insolvent firm. The letter was written on the same day Dalmia Bharat appealed…
Tory benefits minister Esther McVey is protesting against a campaign to regulate crack cocaine gambling machines. The controversial Liverpool-born MP strongly objected to plans to limit the maximum stakes on Fixed Odds Betting Terminals (FOBT) to £2, according to the Times . The Work and Pensions Secretary made her views known in the face of…
May 10, 2018 06:21 ET | Source: Baltic Dairy Board multilang-release We would like to inform you that on May 9, 2018, the Zemgale District Court in Bauska has filed an application for insolvency of Z / S “Jumis” to SIA Baltic Dairy Board. SIA Baltic Dairy Board (hereinafter – the Company)…
Cheshire-based online video game shop Gameseek has gone into liquidation – leaving angry customers out of pocket. The letter sent to Gameseek customers today. Gameseek’s website is currently offline, and emails to staff return “address not found” messages. Emails and calls to CEO Stephen Staley went unanswered at the time of publication. Gameseek’s closure has…
Jaiprakash Associates and its subsidiary Jaypee Infratech on Wednesday filed an appeal in the Supreme Court to restrain the Allahabad bench of the National Company Law Tribunal from passing any order of liquidation or issuing any direction against the latter without seeking the Courts approval, according to a copy of the application seen by Moneycontrol.…