MUMBAI | HYDERABAD: Telecom company Aircel will shortly file for bankruptcy at the National Company Law Tribunal (NCLT) and its board has been dissolved ahead of the move, said two people aware of the matter. That will mark the demise of the last small mobile phone company, leaving just four main non-state ones soon to…
When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did not realise more than $1 million. Nathan Tinkler smashed the mid north coast record…
DUBAI/KHOBAR, Saudi Arabia (Reuters) – Saudi Arabias cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors. Modern bankruptcy legislation does not currently exist in Saudi Arabia, creating difficulties for struggling companies seeking to restructure debt with creditors…
Bankrupt Nathan Tinkler living large in $13.5 million mansion PITY the lot of bankrupt billionaire Nathan Tinkler, living in paradise. When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did…
Both the Dalmia Bharat consortium and UltraTech offered around a 20% stake to Binani Cement creditors, people with knowledge of the matter said. Photo: Mint Mumbai: The race for Binani Cement Ltd is headed for a photo finish with top two contendersDalmia Bharat Cement Ltd and UltraTech Cement Ltdsubmitting nearly identical bids. The two finalists…
CONTROVERSIAL Sunshine Coast company Maroochy Sunshine has been declared insolvent. The Federal Circuit Court of Australia, sitting in Brisbane on Friday agreed to declare Maroochy Sunshine insolvent and appoint liquidators after a Federal Government application. Maroochy Sunshine had been accused of underpaying seasonal workers from Vanuata on the Sunshine Coast and Wide Bay to the…
Christ Embassy Church, Pastor Chris Oyakhilome According to the agency that regulates charity organisations, Christ Embassy church in the United Kingdom is in debt and has been declared insolvent by the Charity Commission. The church owned by popular Nigerian pastor, Chris Oyakhilome, was flagged on the Charity Commission website as charity insolvent. According to the…
The Christ Embassy church in the United Kingdom is in debt and has been declared insolvent by the Charity Commission, the agency that regulates charity organizations in the country. The church owned by popular Nigerian pastor, Chris Oyakhilome, was flagged on the Charity Commission website as charity insolvent. According to the commission, a charity is considered as being…
CONTROVERSIAL Sunshine Coast company Maroochy Sunshine has been declared insolvent. The Federal Circuit Court of Australia, sitting in Brisbane on Friday agreed to declare Maroochy Sunshine insolvent and appoint liquidators after a Federal Government application. Maroochy Sunshine had been accused of underpaying seasonal workers from Vanuata on the Sunshine Coast and Wide Bay to the…
A global firm showcased its national and regional capabilities as it helped in the complex restructure of a Western Australia-based uranium producer. King & Wood Mallesons (KWM) advised Paladin Energy and its administrator, KPMG, on the companys balance sheet restructure. KWM provided English law, Hong Kong law, and Australian law advice. It also coordinated local…