Silchar: The National Company Law Tribunal (NCLT) has ordered commencement of a corporate insolvency resolution process against Hindustan Paper Corporation Limited (HPCL), apparently putting thousands of workers of the two paper mills in Assam, including those of Cachar Paper Mill in Barak Valley, in dire straits. The tribunal, a quasi-judicial body under the Centre, adjudicates…
THIS should have been one of the very darkest weeks in the history of General Electric (GE). The firm founded by Thomas Edison has been a member of the Dow Jones Industrial Average, a stockmarket index composed of leading American companies, for over a century. Alas, mismanagement and a failure to move with the times…
Vadodara: The National Company Law Tribunal (NCLT), Mumbai bench has given an order to commence corporate insolvency process against city-based Sterling Biotech Ltd (SBL) that had defaulted on loans taken from Andhra Bank. The order to commence insolvency was given on June 11 and made public on June 26. The CBI had in October last…
BERLIN The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close. Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greeces European creditors and the International Monetary Fund agreed on…
The Supreme Court of Singapores Justice Aedit Abdullah discusses the countrys recent overhaul of its restructuring and insolvency framework In May 2017 Singapore implemented a major overhaul and update of its restructuring and insolvency (R&I) regime via amendments to the Singapore Companies Act. The new framework aims at nothing less than to…
Barbados is the latest popular holiday destination to introduce a tax on tourists, which could see families forced to pay more than £200 extra for a fortnights stay. However, while many countries and resorts impose visitor levies to mitigate the environmental impact of mass tourism, the Caribbean island is doing so to raise money to…
Fri, Jun 29, 2018 – 8:40 PM A UNIT of PEC has been placed under creditors’ voluntary liquidation starting June 28, the plant and terminal engineering specialist said in a Singapore Exchange filing. This followed a resolution passed at the extraordinary general meeting of that subsidiary, Enerz Engineering, and confirmation by the creditors, both of which took…
BERLIN (AP) The German parliament has approved a debt relief package for Greece that is meant to help wean the country off its rescue loans as its eight-year bailout program comes to a close. Lawmakers in Berlin voted 410-226 on Friday to support the package, which Greece’s European creditors and the International Monetary Fund agreed…
SHENYANG, China–Chinese authorities are urging unlucky gamblers to remain calm, as the string of upsets in the 2020 FIFA World Cup is raising concerns that they are driving big losers into doing something rash. Chinese media have reported a number of people going bust tied to the betting, including one losing gambler attempting suicide. Another…
When I started gambling I had no idea Id end up like this, says 29-year-old reformed gambler Wah, who does not want to disclose his full name. I thought Id be able to control it. Were in a room at Wan Chais Tung Wah Even Centre, a counselling and treatment service for problem and pathological…