By DK Aggarwal In a major step to bring in reforms to Indias ailing banking system, the apex bank and the government are taking measures to clean-up the balance sheets, with the latest effort being the asset quality review conducted by the RBI in December 2015 and the promulgation of the Insolvency and Bankruptcy Code…
BY TONY SII Kerowagi MP Bari Palma has given an early open invitation to those who want to challenge the electoral seat to do so at the polls in the 2022 national election. He said this last Friday immediately after the National Court of Disputed Returns dismissed the election petition by Francis Siune who disputed…
London (AFP) – Ryanair has invited pilot unions across Europe for talks on their recognition, the Irish no-frills airline said Friday as it faced strike action in Italy ahead of planned walkouts elsewhere. Strike-hit Ryanair calls talks on union recognition “Christmas flights are very important to our customers and we wish to remove any worry…
It was dismissed because the allegations of Palma being insolvent or bankrupt was not made out in the petition. Petitioner Francis Kikin Siune filed the petition on two grounds. The first was on errors and omission on the part of Electoral officials in accepting the nomination of Palma to stand for public office at the…
Darwin Airline Saab 2000 Aero Icarus for Wikipedia Swiss regional carrier Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed. The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July…
Darwin Airline Saab 2000 Aero Icarus for Wikipedia Swiss regional carrier Darwin Airline has been declared bankrupt, after attempts to resolve its financial problems failed. The Lugano, Switzerland-based carrier had in recent years traded as Etihad Regional until the Abu Dhabi carrier sold its 33.3% shareholding to Luxembourg-based private equity fund 4K Invest in July…
By Reuters Published: 22:07 AEDT, 15 December 2017 | Updated: 22:42 AEDT, 15 December 2017 e-mail FRANKFURT, Dec 15 (Reuters) – German sex shop group Beate Uhse has filed for insolvency after failing to secure financing from a group of investors. The company, started in 1946 by a former female pilot with the same name,…
Former Plymouth Argyle goalkeeper Rab Douglas is emerging from a dark period of his life as an investment left him declared bankrupt at the start of 2017. Douglas, who was loaned to the Pilgrims as an emergency in March 2008, was a director with Eclipse Film Partners No.4 and they allowed investors the chance to…
London (AFP) – Ryanair on Friday offered to recognise unions for the first time as the Irish no-frills airline faces its first strike action by pilots going into the festive period. Ryanair offers union recognition as pilot strikes loom “Christmas flights are very important to our customers and we wish to remove any worry or…
Administrator KordaMentha intends grilling some of the directors and executives of Arrium in a public examination in court, as it investigates possible breaches of directors duties and potential misleading conduct over the drawing down of a last-minute refinancing facility and other loans in early 2016, just before the steel company collapsed. A report to creditors by KordaMentha, which sold the…