The agreement provided that in case of a delay in payment, NMRC would be liable to pay compound interest at the rate of 9 per cent per day. The NCLT has dismissed an insolvency petition filed by Empire Transport Services Ltd (ETSL) against Noida Metro Rail Corporation observing that there were ‘genuine’ pre-existing disputes between…
Tariq Sarwar fraudulently transferred more than £3 million from the sale of a Salford commercial property Christopher Francis laundered the money through a network of accounts and companies, returning funds to Sarwar with creditors losing out Both men have been sentenced following investigations by the Insolvency Service Two men who carried out a £3 million…
MILAN — In a widely expected move, Italian furniture and lighting conglomerate Flos B&B Italia has sold historic lighting manufacturer Louis Poulsen. The funds from the sale will go toward paying down its debt, the firm said. A spokesperson for the company said Friday that the strategy for the time being remains focused on bolstering…
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Liquidation plan at FREIT (OTC: FREVS) targets $24.44–$30.03 per share Stock Titan Read the original article here
FIRST REAL ESTATE INVESTMENT TRUST OF NEW JERSEY, INC. reported second-quarter results for the three months ended April 30, 2026, with revenue of $7.63M, net income attributable to common equity of $0.616M and diluted EPS of $0.08. Revenue rose modestly year‑over‑year while net income and EPS declined versus the year‑ago quarter. Financial Highlights Revenue: $7.63M…
Money Matters: Support available locally as household debt continues to grow Shropshire Star Read the original article here
First Real Estate Investment reported results for the fiscal quarter ended April 30, 2026, with total real estate revenue of approximately $7.6 million and GAAP net income attributable to common equity of $0.6 million, or $0.08 per share. Adjusted funds from operations (AFFO) were $1.21 million, or $0.16 per share, for the quarter. The company’s…
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Huntingdon-based packaging company enters liquidation after just two-and-a-half years of trading Peterborough Telegraph Read the original article here