A mother who allegedly fled Queensland with her twin daughters and hid them from their father for four years has been granted Supreme Court bail. The 45-year-old was charged with two counts of child stealing after she was allegedly found with the girls, aged 11, in the NSW town of Taree two weeks ago. She’s…
Cisco Systems Inc. shares slipped in extended trading after the network-equipment makers fourth-quarter forecasts fell short of Wall Streets most optimistic projections. Before the company provided its outlook for the current period, the stock had surged 32 percent in a year, last week reaching the highest price in more than 17 years. While Cisco said…
Seeks termination of resolution process; if allowed, will be a first for cases being resolved under IBC. Binani Industries (BIL) on Wednesday moved the National Company Law Appellate Tribunal (NCLAT) offering to clear 100% of the claims of all creditors within two weeks if its subsidiary Binani Cement was brought out of the purview of…
Liquidators for failed reseller Warehouse1 have indicated that the company may have traded while insolvent as early as seven months before its collapse. Warehouse1 sank into liquidation in February after four years of operating an online IT retail store and brick-and-mortar location in Melbourne, appointing SV Partners to handle the liquidation. While SV Partners said its…
In this 12-part Cadence Investing Series, we discuss several aspects of the investment process and how it actually works in practice. Topics covered include market psychology and fundamental analysis, and aim to provide the reader with a first-hand view of how financial theory stacks up in real world situations. ———————————————————————————— This is the first of…
Billionaire Mukesh Ambanis prospects for bailing out his younger brothers phone company are fading after an Indian tribunal put his siblings Reliance Communications Ltd. into insolvency proceedings, which prohibit connected persons from acquiring assets of delinquent borrowers. Ambani is Indias richest man and the founder of upstart rival Reliance Jio Infocomm Ltd., which had agreed…
Groundwater being pumped from a highland aquifer, only to be whisked away in tankers and sold in little plastic bottles by a multinational corporation it’s a difficult concept for a small farming town to swallow. Just ask the residents of Stanley, Victoria, whose four-year court battle to stop a farmer bottling local groundwater for…
Small ways you can save To save in small ways, Tretina ditched cable and money-eating subscriptions like Netflix and Amazon. The money I spent on cable, I automatically applied that to my loans, she says. She also used coupons when she went grocery shopping and cooked most of her meals at home, which allows her…
THOUSANDS of new homeowners have been left without vital structural defects insurance after insurance carrier Alpha goes bust. Many homeowners who require the 10-year structural defects insurance will still be unaware that they have been left without cover. Alpha, who supplies the insurance new homes require to protect against structural defects, was declared insolvent in…
When the Insolvency (England and Wales) Rules 2016 (IR16) came into force on 6 April 2017 it was clear that significant amendments to the Practice Direction on Insolvency Proceedings were needed as it had been in force since 2014 and was based upon the Insolvency Rules 1986. A planned interim practice direction was never created,…