AstiVita Limited (ASX: AIR) is an Australia registered company involved in the business of warehouse, distribution and importation of bathroom, solar and kitchen products to retailers, solar power dealers, hardware suppliers and plumbing merchants. It was officially listed on ASX in December 2009. On 31st May 2019, the company, by release, updated the market about…
This is to inform you that the 18th Meeting of Committee of Creditors (CoC) was held on 01st June, 2019. In the meeting, Authorised Representatives from SDPL and KDPL (Resolution Applicants) were invited for declaration of H 1 & H 2 bidder. On the basis of scoring as per the Evaluation matrix: Som Distilleries Private…
AsianScientist (Jun. 3, 2019) By Jeremy Chan Amidst uncertainties in the global economy whether they be caused by international tensions or digital disruption companies may suddenly find themselves facing financial hardship. Should debt exceed income for extended periods of time, the likelihood of defaulting on payments to creditors rises, and the shadow of insolvency looms…
Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt. Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported. Variety said that the home sold for even more than that, with a buyer agreeing to pay $5.5…
Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt. Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported. Camera IconPriscilla Presley and daughter Lisa Marie Presley.Picture: AP Variety said that the home sold for even more…
Tata Steel Saturday announced that it has completed the acquisition of debt-ridden Bhushan Energy Ltd. The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs 800 crore. “We wish to inform you that Tata Steel BSL Ltd has successfully completed the…
Philip Green has insisted that the 100m he has promised to Arcadias pension fund represents the best outcome, as his retail empire faces a make-or-break vote on its future next week. The creditors of Arcadia, whose chains include Topshop and Dorothy Perkins, have to decide next Wednesday whether to accept a restructuring that will see…
The fourth member of the group being pursued for damages by the Omagh bomb victims has been declared bankrupt. The 1998 Real IRA attack killed 29 people including a mother nine months pregnant with twins. Over 200 people were injured. Court A spokesman for the Belfast High Court confirmed that Seamus Daly was adjudged…
In the past couple of years, India has witnessed quick resolutions for tackling non-performing stressed assets (NPAs) and debts in India, including its restructuring thereof, by providing a powerful tool to the financial and operational creditors in the form of the Insolvency and Bankruptcy Code, 2016 (the IBC, 2016). The effective reforms in the IBC,…
The average student in debt has about $37,000 to pay. Its a more-than $1 trillion problem for the U.S. Congress could step in: There is a bill with bipartisan support that gives businesses a tax break if they help employees pay student loans. Some companies are awaiting the legislations passage to begin college debt repayment…