Sunnova Energy received the largest federal loan to a solar company in history President Biden in front of solar panels(nrel.gov) A politically connected solar company says it has “substantial doubt” it can stay in business, a little over a year after obtaining a $3 billion loan from the Biden administration. Sunnova Energy said on Monday…
Having waited in vain for a decade to get possession of their properties, plot owners have been left in the lurch by Ansal API’s bankruptcy application in the National Company Law Tribunal (NCLT). Many investors accused company officials of deceptive sales tactics (For representation only) Sharing his ordeal, an affected investor, Gagan Tandon, said he…
Coffee Day Enterprises hits 20% upper circuit as NCLAT sets aside insolvency proceedings MSN Read the original article here
Luxembourg-linked property tycoon René Benko’s insolvent Signa group has sold its shares in New York’s famous Chrysler Building, the insolvency administrator Christop Spaf announced on Monday. The Signa Group, owned by Austrian entrepreneur Benko, had acquired around half of the shares in the 319-metre-high skyscraper in 2019. This stake will now be held by Aby…
Wesley Grainger-Smith fraudulently removed more than £700,000 from four struggling construction companies between 2014 and 2017 Grainger-Smith was not the official director of any of the companies but acted in the capacity of a director and had significant influence over their affairs All the company funds Grainger-Smith withdrew were transferred into his casino gaming account …
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A consultant has been sent to jail after funding a gambling habit with £700,000 defrauded from four construction firms before they went bust. Wesley Grainger-Smith, 66, of Gainsborough Road, Winthorpe, Nottinghamshire, was sentenced to two years and four months in prison by a judge at Lincoln Crown Court, the Insolvency Service said today. He had…
Winthorpe: Boss fraudulently moved £700k into casino account BBC Read the original article here
Winthorpe: Boss fraudulently moved £700k into casino account CBBC Newsround Read the original article here
Wesley Grainger-Smith, 66, was sentenced to two years and four months in prison at Lincoln Crown Court last week. Grainger-Smith, of Winthorpe, had previously pleaded guilty to five counts of fraudulently removing company property at an earlier hearing. The Insolvency Service also discovered around £570,000 in cash deposits paid back to the companies, which investigators…