Solving the challenges facing this diverse group of nations, which are home to 3 out of 4 people, is critical to putting the world on a more sustainable and inclusive post-COVID-19 development path. Middle-income countries (MICs) are home to 62% of the worlds poor, but the challenges they face are often overlooked or seen as…
OXLEY HOLDINGS LIMITED (Incorporated in the Republic of Singapore under Registration No. 201005612G) UPDATE ON SUBSIDIARIES UNDER VOLUNTARY ADMINISTRATION IN AUSTRALIA The Board of Directors of Oxley Holdings Limited (the “Company“, and together with its subsidiaries, the “Group“) refers to the announcement on 18 May 2021 relating to the appointment of voluntary administrators by the…
The swift spread of coronavirus needed an equally rapid response from government, but with business coming back to life its time for the economy to stand on its own again, says the Insolvency Services Paul Bannister. The sudden beginning of the pandemic and the imposition of the first lockdown brought about an economic scenario we’ve…
Ontarios government watchdog on Wednesday announced it will investigate cuts to French-language programs at Laurentian University. The investigation comes after Ontarios ombudsman received 60 complaints about the transparency and fairness of the process by which the programs were shelved after the northern Ontario university sought creditor protection and declared itself insolvent in February. The university…
Mantra Properties & Developers and Solitaire group are among the three companies which have submitted their bids to acquire Pune-based listed realty firm D S Kulkarni Developers through the insolvency process. In September 2019, the National Company Law Tribunal (NCLT), Mumbai Bench ordered the commencement of corporate insolvency resolution process (CIRP) in respect of D…
Around 200 applications for resolution of stressed assets have been filed under the insolvency law since the suspension of fresh proceedings ended on March 24, according to IBBI. Amid the coronavirus pandemic that had significantly impacted economic activities, certain provisions under the Insolvency and Bankruptcy Code (IBC) were suspended with effect from March 25, 2020.…
Bankruptcy tribunal NCLT has raised doubts over “confidentiality” of the liquidation valuation of the assets of Videocon Industries and its 12 group companies during the insolvency process. The tribunal has asked the Insolvency and Bankruptcy Board of India (IBBI) “to examine this issue in depth” to ensure that the confidentiality clause is followed without any…
Bankruptcy tribunal NCLT has raised doubts over “confidentiality” of the liquidation valuation of the assets of Videocon Industries and its 12 group companies during the insolvency process. The tribunal has asked the Insolvency and Bankruptcy Board of India (IBBI) “to examine this issue in depth” to ensure that the confidentiality clause is followed without any…
Thai Airways aircraft are parked on the tarmac at Bangkok’s Suvarnabhumi International Airport March 27, 2015. REUTERS/Athit Perawongmetha/File Photo BANGKOK, June 16 (Reuters) – Thai Airways International Pcl (THAI.BK) on Wednesday said that its acting chief executive officer, Chansin Treenuchagron, had resigned. The airline’s chief of human resources, Suvadhana Sibunruang, will take over as acting…
article A debt consolidation loan can be an effective tool to help you pay off high-interest debt, but its not right for everyone. Make sure to weigh the pros and cons and consider alternative strategies. (iStock) A debt consolidation loan is a borrowing tool that allows you to combine existing unsecured debts into a single…