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Christmas cheer was in short supply for Wesfarmers’ top brass. Wesfarmers and the conglomerate’s receivers spent the holidays fielding calls from creditors and suppliers amid the deepening crisis at Priceline’s largest franchisee. It spent $774 million acquiring the retailer’s parent, stumped up more than $100 million via goods on credit to keep Infinity Pharmacy Group’s…
Betting on trouble? How sports gambling could be hurting your finances ConsumerAffairs Read the original article here
AN ASIAN couple has been sentenced for breaching a disqualification order by operating companies in the UK for more than five years despite a ban linked to tax fraud claims. Bharat Jogia, 71, from the West Midlands, had been disqualified as a company director for 13 years in 2014 after not disputing that he caused…
NCLAT directs to conclude insolvency proceedings of Future Lifestyle Fashion in 3 months New Delhi, The National Company Law Appellate Tribunal has ordered the conclusion of the insolvency proceedings for Future Lifestyle Fashion within three months. While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and National…
A Virginia church pledges $1M to erase debt for public housing residents The Washington Post Read the original article here
NCLAT Sets Tight Deadline for Future Lifestyle Fashion The National Company Law Appellate Tribunal’s (NCLAT) order to finalize insolvency proceedings for Future Lifestyle Fashion (FLFL) within a strict three-month timeframe is a critical moment, adding urgency to the resolution process. The tribunal dismissed an appeal from an operational creditor while confirming the Resolution Professional’s (RP)…
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The National Company Law Appellate Tribunal has ordered the conclusion of the insolvency proceedings for Future Lifestyle Fashion within three months. While rejecting an appeal filed by an operational creditor, a two-member bench has asked the Resolution Professional and National Company Law Tribunal (NCLT) to complete the proceedings, preferably within three months. The appellate insolvency…