Women walk past a closed Cafe Coffee Day shop in Srinagar, Wednesday, July 31, 2019. Photo: PTI 3 min read Last Updated : Aug 13 2024 | 1:53 PM IST Coffee Day Insolvency Proceedings NCLT: Coffee Day Enterprises share price were under pressure for a second day on Tuesday. At 1:20 PM, Coffee Day shares…
The prime minister, Anthony Albanese, has suggested the government is looking to reduce the rate of student debt indexation in response to debts growing by more than 4% this year. Albanese said on Thursday that “there’s a range of areas we need to do much better for the younger generation and Hecs is one of…
EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…
In short: The director of a festival company has been accused of trading while insolvent and using income generated from events to pay her personal rent, which she denies. Many artists, musicians and other contractors of The Gathering of the Goddesses festivals in Victoria and Tasmania say they were not paid for their work and…
The Dodgers fired Shohei Ohtani’s longtime friend and interpreter Ippei Mizuhara on Wednesday amid allegations of Mizuhara engaging in a “massive theft” of Ohtani’s funds to bet on sports. Mizuhara’s firing came on the same day the Los Angeles Times dropped a bombshell report detailing his alleged ties to Mathew Bowyer, a Southern California bookmaker under…
The financial woes continue for Signa Sports United as another subsidiary has filed for insolvency. Reported today by mtb-news.de, Internetstores GmbH, a subsidiary of Signa Sports United (SSU), has declared insolvency as it filed with the Stuttgart District Court. The latest filing follows news last Friday that one of SSU’s major subsidiaries Tennis-Point GmbH also…
Online book retailer Booktopia has appointed voluntary administrators after it failed to secure enough funding to avoid collapse. The Australian online business has appointed Keith Crawford, Matthew Caddy and Damien Pasfield from McGrathNicol to oversee a sale, or the selling of parts. “The Administrators are undertaking an urgent assessment of Booktopia’s business while options for…
Prime Minister Anthony Albanese has promised to make the student loan system “simpler and fairer” to address the growing debt burden on recent graduates. Mr Albanese on Thursday conceded high rates of indexation on student loans and increased student contributions for some areas of study such as arts and law have sent average student debt…
Former glamour model Katie Price has been declared bankrupt for a second time over an unpaid tax bill of more than £750,000. Ms Price, who was previously declared bankrupt in 2019, owes £761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and…
(Bloomberg) — Beauty brand Avon Products Inc. should slow down its bankruptcy case so that people who allegedly got cancer from the company’s products have time to study any potential payout plan, a lawyer said in court Wednesday. Victims deserve a special committee to represent them in the Chapter 11 case, said Todd Phillips, a…