CWT, a company that arranges business travel and meetings that was hit hard by the pandemic, reached a restructuring agreement with creditors that would allow it to shed around $900 million of debt and receive an equity infusion from existing investors. The plan, which is being supported by holders of 90% of the companys debt,…
Telstra took the opportunity on Thursday to lay out its T25 future strategy as its approaches the end of its T22 strategy, which kicked off in 2018. “If T22 was a strategy of necessity, T25 is a strategy for growth,” Telstra CEO Andy Penn said. But one of the most significant changes to the company…
The Supreme Court on Wednesday said that principal object of the Insolvency and Bankruptcy Code (IBC) is revival of corporate debtor and to make it a going concern and every attempt should be made to revive it with liquidation being the last resort. The top court dismissed an appeal filed by an ex-employee of a…
STATE HOUSE NEWS SERVICE A FEDERAL JUDGE sentenced former Rep. David Nangle to 15 months in prison on Wednesday after the Lowell Democrat pleaded guilty earlier this year to illegally using campaign funds to fund a lifestyle that included golf club memberships and casino trips to Connecticut, and lying to banks about his debt to…
corruption Former Top Dem in Mass. House Sentenced to 15 Months in Prison Prosecutors said that, during the period covered by their investigation, Nangle was heavily in debt and gambling at various New England casinos By Matt Murphy Published 5 hours ago Updated 5 hours ago NBCUniversal, Inc. A federal judge sentenced former Massachusetts state…
Feel like your multiple debts have gotten a bit messy lately? Well, it could be time for a spring clean! Managing multiple debts can be tricky, from making car or personal loan repayments to paying off your credit card. But thats where a debt consolidation loan can make life a little easier (and likely cheaper!).…
The Supreme Court of India The Supreme Court on Wednesday said that principal object of the Insolvency and Bankruptcy Code (IBC) is revival of corporate debtor and to make it a going concern and every attempt should be made to revive it with liquidation being the last resort. The top court dismissed an appeal filed…
LUFA president says union has made a D&O claim against Laurentians leadership under insolvency legislation The union representing Laurentian University faculty is going after insurance money held by the insolvent university, saying the universitys leadership mismanaged its finances. Laurentian University Faculty Association (LUFA) president Fabrice Colin explained that lawsuits cannot be filed against Laurentian at…