NEW DELHI: The insolvency appellate tribunal has approved the insolvency proceedings against the debt-ridden Jaypee Cement, upholding an earlier order passed by the National Company Law Tribunal (NCLT). A two-member bench of the NCLAT rejected the appeal filed by Alok Gaur against the NCLT order, saying the debt and default matter is proved, and it…
Ravi Mittal, chairperson of the Insolvency and Bankruptcy Board of India (IBBI), has lauded the positive results following the implementation of the Insolvency and Bankruptcy Code, 2016 (IBC), including rescuing distressed businesses and improvements in creditors recovering debt. In addition, the IBC had an amplified positive economic effect that led to revitalising the credit market,…
Queensland college collapses into administration Gold Coast Bulletin Read the original article here
By Lukman Olabiyi Justice Dehinde Dipeolu of the Federal High Court, Lagos, has ordered a bank to pay the liquidator of Addy Finance & Investments Limited (in liquidation) the sums of N39,108,417 and $53,078.04, with pre-judgment interest at 20% and post-judgment interest at 10% per annum. The court,also directed the bank to deliver certified statements…
Opinion | Tech Bro Had to Go The New York Times Read the original article here
At Home store may go bankrupt, blames tariffs OzarksFirst.com Read the original article here
PrimeWay Credit Union Launches New Debt Consolidation Program to Help Members Pay Off Debt Faster ACCESS Newswire Read the original article here
There are multiple ways in which borrowers can start cutting their credit card debt this June. Getty Images The start of a new month can offer borrowers a fresh start and, this June in particular, it may be a smart time to revisit your credit card debt situation. Currently, the average credit card debt balance…
Venture Developments said it wasn’t paid for the work and took Realm Victoria to court. Realm Victoria claims to be in an “unresolved payment dispute” with Kāinga Ora – but Kāinga Ora maintains Realm Victoria Ltd has not raised any payment disputes. Realm Victoria shareholders and directors Kerry Hitchcock and his son Alex Hitchcock are…
A company’s liquidation value is something we don’t think many investors think about an ASX stock. Unless they invest in distressed companies, in which case they may only hear about it from the media. But we think even ordinary retail investors need to know about this concept even for companies in good times. And in…