A 28-year-old man, Bharat Hedaoo, has been arrested in Nagpur for allegedly stealing INR 5.96 lakh from his employer to clear debts from online rummy gaming. The crime took place at a clothing store where he had been employed for the past nine years. According to a report by NewsDrum, the accused wanted to pay…
Struggling with bad credit can make it seem difficult to achieve your financial goals. After all, having a poor credit score can make it much harder to qualify for loans or refinance existing debt at a lower rate. Now that Donald Trump has been sworn into office as president, you may wonder how his administration’s…
New World Development (NWD) may need a debt-reduction plan or cash injection from the billionaire Cheng family to overcome a liquidity squeeze and assuage stock investors, according to analysts at HSBC Holdings. The company’s shares have lost 37 per cent, or HK$6.4 billion (US$821.7 million) in market value, since late November after a management shake-up…
The Delhi High Court bench of Justice Manmeet Pritam Singh Arora has held that in accordance with Section 32A(1) of the Insolvency and Bankruptcy Code, 2016 (IBC), a Corporate Debtor that has successfully undergone a resolution process under Section 31 of the IBC shall not be prosecuted for offences committed prior to the commencement of…
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A group of linked kitchen design and fitting companies based in Manchester have been shut down after taking upfront payments from more than 20 customers for products they did not provide. Smart Choice Kitchens Limited, Empire Kitchens and Bathrooms Limited, and Connect Kitchens Limited, were all wound-up at a hearing of the High Court in…
Insolvency appointments January 25 to February 7 2025 Business News Read the original article here
On 3-2-2025, the Insolvency and Bankruptcy Board of India notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025 to amend the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The provisions came into force on 3-2-2025. Key Points: Regulation 4-E has…
Shohei Ohtani’s former interpreter, who admitted stealing nearly $17 million from the Dodger slugger’s bank account to pay off illegal gambling debts, was sentenced Thursday in federal court in Santa Ana to 57 months in prison. In addition to the four years and nine months in prison, Ippei Mizuhara was also ordered to pay restitution…
Ippei Mizuhara, Shohei Ohtani‘s former interpreter, has been sentenced to five years in prison for siphoning millions of dollars from the superstar baseball player, NBC News reported on Thursday. Mizuhara pled guilty last year on fraud charges in one of the biggest gambling scandals in sports history, stealing millions from Ohtani to cover losses from…