A first-round American baseball draft pick has surprised his parents witha big Christmas gift -usingthe money from his new job to pay off all of their debt. Brady Singer, a 22-year-old player with the Kansas City Royals, posted a video on Tuesday of his parents as they read a note from him announcing the gift,…
The jury is still out on Section 74 of the Insolvency and Bankruptcy Code (IBC), which details provisions for punishment of company officials who breach the moratorium or terms of the resolution plan approved by the committee of creditors as well as the adjudicating authority. While some experts say that invoking the…
Chinas second largest e-commerce player, JD.com, has announced a restructuring of its main shopping site and the creation of an office of the chief executive to better serve its customer-centricstrategy and allay investor concerns amid rapid changes in the countrys online shopping industry. The overhaul will divide JD Mall, the companys main revenue driver, into…
Challenges of a liquidator include wading through complicated land ownership patterns of the corporate debtor. Photo: Bloomberg When Santanu T. Ray, a resolution professional, learnt that Conros Steel Pvt. Ltd will have to be liquidated, the first thing he did was to approach the committee of creditors (CoC) and requested all lenders to relinquish control…
Helping UAE residents resolve their debt issues has been the mission of The Debt Panel from its launch in April 2016. Our experts have offered financial advice to more than 130 debtors, to help those struggling with chronic liabilities find a way out of their financial mess. But what happens after the advice is delivered?…
Updated List of Creditors of SRS Limited displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 pursuant to Regulation 30 read with Clause 16(e) of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 Pdf Link: SRS LTD. – Corporate Insolvency Resolution…