Stephen Hundy from Worrells, Canberra. So far, Ive focused on celebrating businesses in this series, as their owners are truly bucking the trends. But what if your business is not only not bucking the trends, but even sliding down a slippery slide to oblivion and financial ruin. What if you are so far from bucking…
DECEIT: Steve Josifovski thought he could trust his old school friend Lemuel Page, but eventually became just another of the con man’s many victims. Inset: Page and his then wife Fiona at a Josifovski family function in happier times. EVEN now, years later, Steve Josifovski doesnt want to believe he was ripped off. After all,…
NEW DELHI: The Noida Authority has asked the interim resolution professional (IRP) appointed for the Jaypee Infratech insolvency proceedings to keep the interest of the companys homebuyers as top priority. “We have told the IRP to keep the interest of homebuyers as top priority,” said Amit Mohan Prasad, chief executive officer, Noida Authority. Prasad said…
Labor is reeling after an adviser resigned amid revelations that the party bankrolled its 2016 federal election campaign with the help of up to $140,000 in donations from gold dealers linked to a multimillion-dollar tax scam. The resignation from NSW Labor of rising star, 2016 Senate candidate and gold trader Simon Zhou, comes as respected…
Noida (Uttar Pradesh): As hundreds of angry home buyers of Jaypee Wish Town staged a protest here, the Noida Authority on Saturday promised to protect the interests of the flat owners, saying a plan is being worked out in this regard. The home buyers gathered at the company office here, shouting slogans against the management…
London- A 58-year-old Indian-origin director of a pizza company in the UK has been banned for seven years for making payments totalling at least 205,000 pounds to a company in which he had a personal interest. Balwinder Singh‘s Charnwood Foods Ltd in the WestMidlands region of England had the franchise for Papa John’s Pizza in…
Footage from the last interview given by infamous WA businessman Alan Bond has been released, two years after his death. In it, Bond reveals mistakes he made in his life and reflects on the highs and lows throughout his high-flying career. To many, the businessman was equal parts hero and villain and he was, at…
Tata Steel UK (TSUK) has confirmed it had signed documentation for a pact with the Trustees of the £15 billion British Steel Pension Scheme, which will allow the steelmakers pension scheme to be separated from the business, reducing the risks to the company. The deal, which would remove the main obstacle to a potential merger…
TWO dozen bankruptcies were filed in Bundaberg during the last quarter. The 24 bankruptcies represented almost half of the 49 insolvency cases in the area during the three months to June. Insolvencies in Bundaberg were up 26.5% on the previous quarter and up 10% on the June quarter last year. Seven of the insolvencies were…
The Insolvency and Bankruptcy Code, 2016 was enacted with the intention of improving the ease of doing business in India, a country perceived to have a weak insolvency framework and where defaulting debtors abuse the law. At the outset, the Code appears to have the interests of business at heart: it aims to overhaul laws…