In continuation to our earlier letter dated 31st July, 2018, we are enclosing herewith the copy of order dated 31st July, 2018 as passed by Honble NCLT, Principal Bench, New Delhi approving the resolution plan as submitted by Mr. Deepak Chaganlal Choudhari and Mr. Jitendra Kumar Chopra being the Resolution Applicants for Amit Spinning Industries…
Scroll back a few months, to October last year. Monarch, one of the UKs biggest holiday airlines, went bust. For a few days there was chaos: 110,000 people were stranded abroad; hundreds of thousands more, who had booked and paid for future departures, were left without tickets. The CAA, to its credit, and at a…
One customer was a debt collector that threatened to jail people if they didn’t pay back loans that they never took out. Another was an offshore gambling operation that hid bets behind innocuous-sounding websites, including one dedicated to orange cats. A third was a phone-sex business catering to men with diaper fetishes or fantasies of…
After making a decision on whether bankruptcy is the right option, there are forms and fees to submit. It costs a total of £680 to apply to go bankrupt, and this is non-refundable unless the application is cancelled before being submitted. Citizens Advice suggest withdrawing money for living costs before submitting the final application. Once…
Implats now employs 40,000 people to produce 750,000oz of platinum a year. Implats has already started the restructuring process and reduced its workforce from 42,300 in 2017. At 520,000oz it will fall below equally troubled Lonmin, which produces about 650,000oz of platinum a year. Lonmin, which is the takeover target of Sibanye-Stillwater, is in the…
Student debt is a $1.48 trillion burden that financially hobbles millions of Americans, especially young ones, as they try to save for retirement and make major purchases likes homes or cars. But a nascent movement is underway in some corners of Corporate America to help workers carrying that burden. For instance, Abbott Laboratories plans next month…
Disclosure of information- Reg. 30 of SEBI (LODR) Regulations, 2015 Further to our earlier intimation, please be informed that yesterday i.e., on 1st August 2018 Company has received certified copy of NCLT order dated 25th July 2018. Pursuant to said order, Mr. Jitendra Kumar Yadav having address at 11, Singh House, 28th Floor, 23 Ambalal…
David White STUFF.CO.NZ Workers turned up to a new Ebert Construction site on Wednesday to find they were locked out. Collapsed construction company Ebert has links to another bust building company. Ebert Construction was placed into receivership on Wednesday, owing potentially $40 million, according to the receivers PwC. The company was working on 15 projects, i……
The bill aims to help over-indebted poor people who dont have the same options as wealthier debtors in distress. CAPE TOWN – Parliaments Trade and Industry Committee has removed a controversial clause from the National Credit Amendment Bill it is working on, that would have given the minister, Rob Davies, broad powers to…