Control over the Ally Fashion business has been returned to the company’s director, David Dai, following a lengthy appeal process that ended with creditors accepting a deed of company arrangement (DOCA). Four months ago, the Federal Court of Australia forced Ally Fashion into liquidation following an application by a landlord for rent arrears. The court…
Shares of PC Jeweller climbed as much as 6.1% on Monday to Rs 15.94 on the BSE after Managing Director Balram Garg said the company had reduced its net debt by 19% in the past four months and would become debt-free by the end of the current financial year. “We have repaid bank loans worth…
The Insolvency and Bankruptcy Board of India (IBBI) has dismissed two RTI appeals filed by appellant, who had sought detailed clarifications on provisions of the Insolvency and Bankruptcy Code (IBC) relating to ongoing insolvency proceedings. Jitendar Sood had approached the IBBI with two separate appeals, both arising from responses received from the Central Public Information…
The Mumbai Bench of the National Company Law Tribunal (NCLT) has admitted a Section 7 insolvency application filed by DSM Projects Private Limited against A.N. Enterprises Infrastructure Services Private Limited over a default exceeding ₹98 crore. The case arose from a loan agreement dated September 6, 2017, under which DSM Projects disbursed ₹63 crore to…
Couple battles debt and hygiene issues while seeking help from Dr. Oh Eun-young – CHOSUNBIZ Chosunbiz Read the original article here
Over 5K Cagayan Valley farmers receive land titles, debt relief from DAR Philippine Information Agency Read the original article here
Bowen Coking Coal collapses into voluntary administration amid industry woes grafa.com Read the original article here
Here are the answers to your HECS debt discount questions thedailyaus.com.au Read the original article here
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