Palmali to fight court ruling on bankruptcy of Russian arm – Hellenic Shipping News Worldwide

Palmali, one of the biggest players in Russias river-to-sea cargo market, plans to appeal against a court decision declaring its Russian business bankrupt and effectively handing its fleet over to Sberbank, the shipping firms owner said. Last month, a court in Rostov-on-Don in southern Russia declared the Palmali unit bankrupt. The unit owes $180 million…

Ang Industries Limited – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

(The Company is under Corporate Insolvency Resolution Process vide order of NCLT dated 31st August, 2017) BSE LISTING CENTRE Dear Sir,Sub : Liquidation approved by Committee of Creditors As already informed you that Corporate Debtor i.e. ANG Industries is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) vide order…

DOE complies with order to forgive $150 million in loans for students of for-profit colleges – Bankrate.com

SAUL LOEB / Getty Images The Department of Education (DOE), complying with a federal judges ruling,announced a massive victory for students victimized by now-closed for-profit colleges: their loans will be canceled. Around 15,000 students will have an estimated $150 million in debt erased. The students granted forgiveness are those who were attended for-profit schools that…