We hereby intimate you that CIRP has been initiated in respect of Silveroak Commercials Limited (the company) under the provisions of Insolvency and code 2016 (IBC) by an order of National Company Law Tribunal with effect from 2nd May 2019.As per section 17 of IBC 2016, the powers of the board of directors stands suspended,…
A vulture fund objected to a financial rescue plan for a heavily indebted Co Offaly firefighter, arguing that he could pay more off his mortgage from his familys child benefits. The High Court overruled the objections of Promontoria, owned by US private equity giant Cerberus, on Monday, approving a 75,000 write-down on the debts of…
A vulture fund objected to a financial rescue plan for a heavily indebted Co Offaly firefighter, arguing that he could pay more off his mortgage from his familys child benefits. The High Court overruled the objections of Promontoria, owned by US private equity giant Cerberus, on Monday, approving a 75,000 write-down on the debts of…
CFO Ralph Khoury FCPA is based in Dubai, where he runs the ruler over the numbers and strategies for the Middle East media and advertising operations of Omnicom Media Group and TBWARAAD. Fact file Joined Omnicom Inc in August 2008 as the CFO of TBWARAAD Middle East, which was later expanded to the role…
THE CASE of Mr Ke, a carpenter from the eastern city of Taizhou who fell deep into debt, may one day be noted in histories of Chinas financial evolution. On May 9th a local court announced that it had arranged for Mr Kes liabilities to be written off. This was made possible by what state…
What are the consequences of bankruptcy? Stephanie McGrath looks at the effects on pharmacy owners On 18 February 2019 AJP reported that the National Health Amendment (Pharmaceutical Benefits) Bill 2019 would enable PBS medicines supply to continue when a pharmacy owner enters bankruptcy. The Bill lapsed at dissolution on 11 April 2019 and is not…
Law firm OSM Partners has appointed Andrew Croughan as new partner and head of personal insolvency, and Raymond Lambe as new partner in the corporate and commercial litigation department. Andrew Croughan brings more than 10 years experience in commercial litigation, dispute resolution and insolvency and has acted in cases before all courts including the Supreme…
Gamban Managing Director Daniel Umfleet shares his views exclusively with Gambling Insider on whether or not credit card gambling should remain legal in Great Britain. Last year, the Gambling Commission claimed nearly 20% of deposits on gambling sites were used through credit cards; do you think credit card gambling should still be allowed? Theres not…
DALLAS, May 30, 2019 (GLOBE NEWSWIRE) — via OTC PR WIRE — Alternet Systems, Inc. (USOTC: ALYI) (ALYI) today published a management update highlighting the companys management restructuring plan within a strategic partnership designed to trigger 1000% revenue growth. The company has recently announced a number of developments regarding major business developments to advance its…
A new startup aims to help you get your student loans under control. Today, an app called Pillar, backed by $5.5 million in seed funding led by Kleiner Perkins, is launching a simpler way for consumers to better understand their student loan debt and even pay it off early. To do so, the app connects…