A seized $47 million stake in gold miner Tribune Resources is finally on the market, with investment bank Morgan Stanley mandated to offload the shares inside six months. Interest in the stock, however, is uncertain given governance issues around Tribune and the companys liquidation of its large gold inventory last year to support a special…
A new analysis of surveys among clients on track record / engagement satisfaction and management consultants on reputation has identified Brazils top consulting firms for restructuring and turnaround services. Companies in Brazil facing financial and operational difficulties, including rapidly deteriorating commercial performance, liquidity concerns, loss of key management / clients or refinancing risk, can according…
With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing. Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt. 1. University of Pittsburgh The University of Pittsburgh is offering…
The outcome of the 17th CoC meeting is summarized as herein below: 1. An updated list of creditors- version 5 as on 19th November 2018 was prepared and submitted to NCLT and uploaded on the website of the Company on 28 November 2018. The same was also circulated to the CoC members via email dated…
With collective U.S. student loan debt nearing $1.5 trillion, some colleges are testing innovative solutions to help reduce student borrowing. Using no-strings-attached student loan payoff-assistance programs, college loan alternatives and annual student debt letters, these three universities are doing their part to curb college debt. 1. University of Pittsburgh The University of Pittsburgh is offering…
By Press Association Published: 22:54 AEDT, 23 January 2019 | Updated: 02:55 AEDT, 24 January 2019 The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third…
At one point, Calvin Zhao, who was a 23-year-old graduate student at San Francisco State University, was deep in gambling debt. He managed to find a way out of debt and out of the casinos. Now, he and another man are passing knowledge forward by talking to Asian-American students about gambling debts, and how to…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Ahmedabad bench of National Company Law Tribunal (NCLT) to pass appropriate orders in the Essar Steel insolvency case by January 31, failing which the appellate tribunal would take up the matter and pass orders in the case on February 4, when…
The RSA will enable the Company to emerge as a fully integrated Independent Power Producer focused on maximizing the operating and financial synergies of its retail, nuclear and fossil generating assets. The Company will continue operating its nuclear and fossil generation until their previously announced deactivation dates, with a possibility of running the units for…
We refer to the intimation made on January 21, 2019 for 14th Meeting of Committee of Creditors (COC) and would further like to inform you that the said meeting was conducted on 22nd January, 2019 to provide business and Corporate Insolvency Resolution Process (CIRP) updates and discussion was held between CoC members and the Resolution…