FRANKFURT, Dec 8 (Reuters) – Phoenix Solar, once one of Germanys largest solar groups during the sectors heyday, on Friday said it would file for insolvency next week after an unnamed U.S. customer demanded payments that exceed the groups funds. Following the drawdown of project-related letters of credit in the amount of approximately $8 million…
AHMEDABAD | MUMBAI: The National Company Law Tribunal’s Ahmedabad chapter has adjourned the bankruptcy petition against Reliance Naval and Engineering filed by financial creditor IFCI. The dedicated bankruptcy court will next hear the case on December 19. The company has pointed out to the court that there is no provision in the Insolvency and Bankruptcy…
* Court allows government to replace 10 existing directors * Bans existing directors from raising loans, selling assets * 19,000 buyers await delivery of apartments * Unitech owes about 7.24 bln rupees to 51,000 depositors (Adds details) By Manoj Kumar NEW DELHI, Dec 8 (Reuters) – An Indian court on Friday allowed the government to…
The Mumbai bench of NCLT on Friday admitted edible oil maker Ruchi Soya for insolvency resolution process under IBC. A detailed order is expected by Monday. The company was referred to the tribunal by Standard Chartered Bank as well as DBS Bank, individually and both petitions have been admitted by the court. It owed more…
Alan Yentob, the former BBC creative chief, is facing a minimum five-year exclusion from holding company directorships as the Government pursues action against the former bosses of Kids Company, the failed charity. Sky News has learnt that lawyers acting for Mr Yentob and his fellow ex-Kids Company trustees have been handed a deadline of December…
08.12.17 German videowall manufacturer Eyevis is to complete a restructuring process with the help of insolvency proceedings. On Monday December 5 the company, which is headquartered in Reutlingen near Stuttgart, filed a respective application to its local district court. Its business continues unchanged says eyevis, with all orders…
, ET Bureau| Updated: Dec 08, 2017, 10.56 AM IST The insolvency petition aims to recover dues worth Rs 159 crore, including invoking a corporate guarantee. Mumbai: The Bombay HC has scuttled a last ditch attempt by the Anil Ambani company Reliance Naval and Engineering to prevent proceedings in the bankruptcy court, dismissing a petition…
CONSULTATION will occur with the family of a politician buried in an underground crypt after concerns about its future. An “extremely rare tomb containing Joseph Fleming and his wife, Phoebe, was located at the Ipswich General Cemetery. The Ipswich City Council planned to engage a university’s archaeological faculty and had secured the voluntary services of…
With Puyo Puyo‘s release in 1991, Masamitsu Itani became one of the most successful game company presidents in Japan. Then everything went bust. But just as Itani lost everything, he didn’t lose his will to keep making games.
Its been almost four years since Viktor Yanukovych, Ukraines former president, fled the country after the Euromaidan revolution. But the new governments investigators have so far been unable to establish how much money his rule has cost the country — or where it went. Credit: Pivdenkombank web site There has been even less progress punishing…