Star Entertainment needs money — urgently. The company has been walking a tightrope of financial difficulty for months and all signs point to the casino operator losing its balance and falling into administration this week, experts warn. It entered a trading halt on Friday after missing its deadline to report its half-year results to the…
Personal insolvency agreements are gaining traction as an effective debt management solution as businesses continue tackling economic hurdles. New research has revealed that personal insolvency agreements (PIAs), or Part X agreements, are surging in popularity over bankruptcies to effectively negotiate legacy debts. Based on statistics from the Australian Financial Security Authority (AFSA), PIA numbers had…
Having waited in vain for a decade to get possession of their properties, plot owners have been left in the lurch by Ansal API’s bankruptcy application in the National Company Law Tribunal (NCLT). Many investors accused company officials of deceptive sales tactics (For representation only) Sharing his ordeal, an affected investor, Gagan Tandon, said he…
Medipharm Plan considers liquidation after failed funding efforts in South Korea – CHOSUNBIZ 조선비즈 Read the original article here
Coffee Day Enterprises hits 20% upper circuit as NCLAT sets aside insolvency proceedings MSN Read the original article here
Luxembourg-linked property tycoon René Benko’s insolvent Signa group has sold its shares in New York’s famous Chrysler Building, the insolvency administrator Christop Spaf announced on Monday. The Signa Group, owned by Austrian entrepreneur Benko, had acquired around half of the shares in the 319-metre-high skyscraper in 2019. This stake will now be held by Aby…
Sunflag Iron & Steel Company Shows Strong Debt Management Amid Growth Concerns MarketsMojo Read the original article here
By Edwin Naidu Higher Education and Training Minister Nobuhle Nkabane has not commented on the proposed Student Debt Relief Bill by the Economic Freedom Fighters (EFF), published in the Government Gazette last week. The EFF wants the country’s student debt estimated at R17 billion to be scrapped. In a statement at the weekend, the EFF…
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The build-up to a big professional boxing match often involves plenty of barbs between the two fighters, mixed with plenty of hype. The upcoming match between Chris Eubank and Conor Benn was no different. However, this build up included airing Eubank’s alleged poker debts. In a news conference on Tuesday, Benn said that Eubank owed…