The lenders held its last meet on Wednesday. After UK-based Liberty House has failed to make the upfront cash payment within the stipulated time for acquiring bankrupt Adhunik Metaliks (AML) under the Insolvency and Bankruptcy Code (IBC), lenders to the steelmaker are not opting for liquidation at this point of time as many companies have…
Three major insurance companies are suing PG&E over the billions of dollars in claims they expect to face from the Camp Fire. The lawsuits, by Allstate Insurance Co., State Farm and USAA, represent another potentially staggering blow to PG&E, which has already acknowledged that problems occurred on a high-voltage transmission tower near the spot where…
The former chief executive and owner of defunct airline Air Australia was closely involved in the operations of recently collapsed budget travel booking service Bestjet, documents reveal. Guardian Australia reported on Wednesday that the Queensland-based budget airfare company Bestjet and its subsidiaries, Wynyard Travel Pty Ltd and Brooklyn Travel Pty Ltd, went into voluntary administration…
Jaitley said had started receiving corporate insolvency cases by the end of 2016 and so far 1,322 cases have been admitted by it. Photo: Mint New Delhi: Finance Minister Arun Jaitley Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely…
Three major insurance companies are suing PG&E over the billions of dollars in claims they expect to face from the Camp Fire. The lawsuits, by Allstate Insurance Co., State Farm and USAA, represent another potentially staggering blow to PG&E, which has already acknowledged that problems occurred on a high-voltage transmission tower near the spot where…
Student-loan debt is a prevalent issue in the US, with more than 44 million borrowers owing $US1.5 trillion, Forbes reported last year. Here, a married man in his late 20s shares how he and his spouse are paying back her six-figure student-loan debt through real-estate investing. Instead of working to pay down the debt as…
NEW YORK, Jan. 3, 2019 /PRNewswire/ — FULLBEAUTY Brands Inc.(“FULLBEAUTY” or the “Company”), today announced that it has entered into a comprehensive Restructuring Support Agreement (the”RSA”) with key stakeholders, including its equity sponsors, Apax Partners and Charlesbank Capital Partners (collectively, the “Sponsors”), holders of 100% of its first-in, last-out term loan claims (collectively, the “FILO…
Cond Nast, the owner of glossy magazines including Vogue, Vanity Fair and GQ, has slumped to a 14m annual loss as it battles to reshape its business for the digital future. The high-end magazine publisher reported a pre-tax loss of 13.6m in 2017 a huge swing from the 6.6m profit recorded the previous year according…
Over the last four-and-a-half years, the Bharatiya Janata Party-led National Democratic Alliance government has done much to constrict Indias economy. Demonetisation hurt the smallest businesses: those of the self-employed. Their incomes are yet to return to pre-demonetisation levels. Many slightly bigger businesses, like small and medium enterprises in industrial clusters like Surat in Gujarat and…
NEW YORK–(BUSINESS WIRE)–Reissuing release dated January 2, 2019 to correct ticker symbol from YRCW to YRIV. The corrected release reads: EQUITY ALERT: ROSEN LAW FIRM FILES SECURITIES CLASS ACTION LAWSUIT AGAINST YANGTZE RIVER PORT AND LOGISTICS LIMITED YRIV Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit…