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…
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 quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…
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 quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…
The cross-border insolvency framework released for discussions encompasses authorities across jurisdictions pertaining to insolvency proceedings of any single corporate debtor. Currently several multinational companies (MNCs) hold their assets in foreign jurisdictions through subsidiaries which are distinct legal entities. Consequently, the commencement of insolvency proceedings for any single company cannot be extended to all its group…
Amlak Finance, a Dubai-based Sharia-complaint home financier, initiated talks with creditors to restructure debt, which the company restructured previously. The company had restructured its Dh10.2 billion investment deposits and settled Dh2.8bn in cash with financiers in 2014 and subsequently revised the terms of the 12-year restructuring deal in 2016, the company said in a statement…
The iHeart Media headquarters is shown Thursday, March 15, 2018, in Phoenix. AP Photo/Matt York iHeartMedia on Monday announced that the United States Bankruptcy Court for the Southern District of Texas has confirmed the Companys Plan of Reorganization. The Company expects to complete its restructuring process in the first half of 2019. Under the terms…
Dear Sir / Madam, We would like to inform you that 10th meeting of Committee of Creditors of Sterling Biotech Limited was held on Tuesday, 22nd January 2019 at 02.00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…