As many as 12,000 cases have been filed since the implementation of the insolvency law and setting of National Company Law Tribunal (NCLT), a senior government official said Monday. Asserting that the Insolvency and Bankruptcy Code (IBC) should be the last resort, Corporate Affairs Secretary Injeti Srinivas said the NCLT has been very expeditious in…
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain…
One of the biggest obstacles for young professionals who want to start setting aside cash for investment is student loan debt. It can be difficult for younger professionals to make forward-looking business decisions while still contending with past financial burdens. And professionals of any age must learn to balance debt reduction with saving for the…
Inevitably, a project of this scale, its complexity, its risk, is going to suffer the odd setback and criticism but I have a sense that China, as the main architect of the Belt and Road along with many of the other participants, are learning from this as they translate it into reality. Chinas Belt and…
New Delhi: As Jet Airways battles acute financial woes, a senior government official Monday said a “good outcome” from the negotiations between the creditors and the company would be better than moving for proceedings under the insolvency law. “I think creditors and the debtor are in discussion. That is the best process,” Corporate Affairs Secretary…