New Delhi: Bamnipal Steel Ltd (BNPL), a wholly-owned subsidiary of Tata Steel, has successfully completed the acquisition of controlling stake of 72.65 percent in Bhushan Steel Ltd (BSL). Tata Steel Ltd had won the bid to acquire debt-laden Bhushan Steel Ltd (BSL) in an insolvency auction. The bankrupt firm was among the 12 stressed assets…
Devendra Jain, a veteran insolvency professional recently faced a tough time when he was kidnapped from a Mumbai suburb. A group of investors, attempting to derail insolvency proceedings, mistook him for a company official in relation to a ponzi-scheme case. Jain, who is also the founder-chairman and managing director of NPAsource.com, an NPA-listing portal for…
Launched by Alana Pallister only a year ago, I.AM.GIA is certainly a racy label, with lots of exposed flesh, though much of the Australian fashion media are disdainful of the designs, or “cringeworthy” as one fashion stylist whispered to me. And yet the label has become a huge social media success internationally, especially after supermodel…
The Big Four accountancy firms have lived a charmed life. Despite repeated audit scandals their profitable oligopoly has survived intact. Now, in the light of this weeks damning parliamentary report on the collapse of UK government contractor Carillion, an overdue reckoning may be imminent. The case of Carillion perfectly illustrates the lack of competition and…
A woman has revealed her she discovered she owes an astonishing amount of money – despite not “frivolously” shopping at school or gambling. The 22-year-old, who owes more than £53,000, says the amount will continue to rise each year due to interest. Bronte Howard, who works as a Wales Online reporter, only found out after…
© Anthony Harvey / Getty Images Former Geordie Shore star Chantelle Connelly has filed for bankruptcy. The 28-year-old, who quit the show in November 2016, is now unemployed and was declared bankrupt on May 10. “I don’t want to speak about it,” she told ChronicleLive when it contacted her for comment. The TV star’s bank…
Franchised Mothercare stores across the Middle East and North Africa (Mena) will not be affected by the roots-and-branch restructuring of the UK parent company announced on Thursday. The announcement from Mothercare in the UK has no impact on stores in the Middle East, said a spokesperson for Kuwait-based Alshaya Group, which operates the Mothercare franchise…
In a development that could prop up the value of embattled real estate firm Jaypee Infratech, the Allahabad bench of the National Company Law Tribunal has ordered that 759 acres of land given to its holding company Jaiprakash Associates be returned to it as the transfer was fraudulent, preferential and undervalued. This will be a…
May 18, 2018 Print this page Now that the Insolvency Service and business and work and pensions committee are united in their denunciation of the Carillion board ( Carillion board and auditors savaged in scathing report , May 16) and the roles and ethics of its auditors, it is time to grasp a golden opportunity.…
Componenta Corporation Stock Exchange Release on 18 May 2018 at 8.00 Net sales and operating result increased from last year for current continued operations. The information pres… Read the full article at: https://globenewswire.com/news-release/2018/05/18/1508612/0/en/Componenta-Corporation-Business-Review-January-March-2018.html