In a high-stakes turn in the resolution process of debt-ridden Jaiprakash Associates Ltd (JAL), the country’s second largest corporate insolvency case, the Committee of Creditors (CoC) has approved a challenge process. The challenge mechanism, if implemented, will push the five competing and shortlisted bidders into a real-time showdown, sort of a direct auction where bids…
SINGAPORE – Entertainment company mm2 Asia on Sept 1 announced that Cathay Cineplexes will undergo voluntary liquidation. The struggling cinema chain, which owes money to the landlords of several of its outlets, is unable to continue operating as a going concern, its parent company said. “Cathay Cineplexes had attempted to negotiate amicable resolutions with the…
[SINGAPORE] Entertainment company mm2 Asia on Monday (Sep 1) announced that Cathay Cineplexes will undergo voluntary liquidation. The struggling cinema chain, which owes money to landlords of several of its outlets, is unable to continue operating as a going concern, its parent company said. “Cathay Cineplexes had attempted to negotiate amicable resolutions with the various…
Cathay Cineplexes, a fixture in Singapore’s film scene since 1939, is preparing to close a significant chapter in its history. The cinema chain will be undergoing voluntary liquidation, operator mm2 Asia announced on Monday (Sep 1) in a filing on Singapore Exchange. “Cathay Cineplexes had attempted to negotiate amicable resolutions with the various creditors, but…
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It is not feasible for the cinema chain to continue operating as a going concern, parent mm2 Asia says [SINGAPORE] Entertainment company mm2 Asia on Monday (Sep 1) announced that Cathay Cineplexes will undergo voluntary liquidation. This comes as the struggling cinema chain is unable to continue operating as a going concern. Cathay Cineplexes faced…
ASIC bans former United Global Capital (in Liquidation) financial adviser Milutin Petrovic for 6 years The National Tribune Read the original article here
Queensland cosmetic chain buckles under 25 patient lawsuits The Courier Mail Read the original article here
• MoF says Rs1.133tr repaid on Aug 29, on top of Rs500bn cleared in June; total early repayments cross Rs2.6tr• Central bank debt reduced to Rs3.8tr from Rs5.5tr; average domestic debt maturity rises to 3.8 years• Falling interest rates saved Rs800bn in FY25, easing taxpayer burden ISLAMABAD: The government on Sunday said it had retired…
The soaring cost of living and financial pressures on families have forced six in 10 parents into debt to provide for their children. That’s according to a survey of 2,000 parents of children aged 0–18, which examined the economic challenges and mounting debt families across America are facing. Sixty-three percent of parents in debt admitted…