image sourceGetty Imagesimage captionFlutter’s Paddy Power betting shops were closed during the Covid lockdowns Paddy Power-owner Flutter has said its UK betting shop revenue has jumped higher than pre-Covid levels. Betting shops were closed during lockdowns but since reopening in June, Flutter said UK retail revenue rose 7% ahead of sales before the pandemic. Like…
The federal government has sent more than 11,000 people Centrelink debt letters worth a total of $32m claiming they were overpaid due to jobkeeper, while resisting calls to claw back money from businesses who got the wage subsidy and then made a profit. Services Australia has told Senate estimates 11,771 people have had a debt…
MUMBAI: The National Company Law Tribunal (NCLT) Mumbai on August 6 dismissed an application seeking the closure of Rolta Indias Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code (IBC).A consortium of lenders to Rolta represented by advocates Rohit Gupta and Nausher Kohli had opposed a plea for closure of the process, saying that…
This issue includes the latest bulletins from HMRC, new Defence Against Money Laundering guidance for insolvency practitioners and a consultation regarding SIP 3.1 (Individual Voluntary Arrangements). In this issue SIP 3.1 consultation The Joint Insolvency Committee (JIC) is consulting on changes to Statement of Insolvency Practice 3.1 – Individual Voluntary Arrangements. JIC undertook a consultation…
By November 1st the UK governments furlough scheme will end, spelling fresh challenges and opportunities for the banking sector, writes Daniel Lanyon. The UK could see a wave of consumers and SMEs entering into financial difficulties in Q4 2020 following the end of the governments furlough scheme. What does it mean for banking investors? While…
A gambling addict who wasasked to be banned from Melbournes Crown Casino due to extensive debt is now suing the casino for more than AU$4.5m (US$3.30m) he lost, after the Crown continued to encourage betting, The Sydney Morning Herald reports. In a statement of claim filed with the Federal Court, Ahmed Hasna -who says he…
The Viking-inspired livery to be used by Norse Atlantic Airways on its Boeing Dreamliner aircraft. Norse Atlantic Airways Startup Scandinavian airline Norse Atlantic Airways has revealed more details on its much-anticipated launch plan, including its stylish Viking-inspired branding, first destinations and new website. The Norway-based low-cost long-haul airline will seek to fill the shoes of…
The National Company Law Appellate Tribunal (NCLAT)s April 13 order in the Aircel matter has precipitated various issues which will have implications on financing of assets such as telecom spectrum and restructuring of corporate debtors entitled to use said assets. The case has added relevance at this point of time as Vodafone Idea battles for…
The Mount Gambier Private Hospital will cease to operate in late August and instead will dissolve into the public service where it is co-locatedafter a decision yesterday during a meeting with creditors and administrators. Key points: The co-located private service will cease operations entirely on August 21 Hospital directors decided the hospital was no longer…