environment Insolvency documents for fossil-mining company Plaman Resources show there aremillions in the bank and few current liabilities. The offshore company, which had plans to mine a fossil-laden maar in Middlemarch for diatomite, quietly went into receivership late last week. When information from a leaked Goldman Sachs report hit the press, local support for the…
Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective. Over 16 years, writer Laura Dunn racked up $US23,000 of credit card debt. For years, she didnt realise…
The Insolvency Resolution Professional (IRP) appointed by the National Company Law Tribunal (NCLT) has told the pilots and staff of Jet Airways that their salary dues may not be settled fully as the company is undergoing the insolvency process. In a meeting with the Jet management the IRP, Ashish Chhawchharia, Partner, Grant Thorton, charted out…
New Delhi: Insolvency proceedings have been initiated against debt-ridden Jet Airways, which formally stopped flying on 17 April and saw lenders voting for bankruptcy earlier this month. The cash-strapped company became the first domestic airliner to go into bankruptcy after the Mumbai bench of the National Company Law Tribunal (NCLT) admitted an insolvency petition filed…
A national watchdog has launched its new strategy to reduce gambling harm in Scotland with a shift in emphasis away from the customer towards the industry taking greater responsibility. The Gambling Commission, which regulates commercial gambling for the whole of the UK, will work closely with health bodies, charities, regulators and businesses with a three-year…
Days after the National Company Law Tribunal initiated insolvency process against Jet Airways, its employees have received the first letter from Resolution Professional Ashish Chhawchharia. The letter, issued on June 20, states the Corporate Insolvency Resolution Process (CIRP) has started the insolvency process under the Insolvency and Bankruptcy Code (IBC). The bankruptcy tribunal has ordered…