Transaero Airline has been declared bankrupt by the Commercial Court of Saint Petersburg and Leningrad region, Russias TASS agency reported Sept. 13. Russias Sberbank filed a bankruptcy motion against Transaero on Oct. 19, 2015; the court put the airline under external supervision in December 2015. External supervision representatives said at the court Sept. 13 they…
By: Alan Burkitt-Gray Published on: Thursday, September 14, 2017 Ericsson takes three RCom units to Indian bankruptcy court but RCom says it will challenge the petitions Reliance Communications (RCom) says it intends to challenge petitions by Ericsson against it and two of its telecoms subsidiaries over alleged non-payment of debts totalling 11.55 billion rupees ($180…
CLARE MABS is currently assisting more than 100 clients in late-state mortgage arrears, with a further 110 mortgage arrears clients also being helped by the money advice service in the county. Details of the supports MABS is offering throughout Clare was revealed at a presentation to Clare County Councils Social Development Strategic Policy Committee. In…
Maseru – Lesotho’s economy was slowly turning around following a slump caused by the 1998 political uprising, and the government was predicting a growth rate of about one or two percent, Finance Minister Kelebone Maope said on Monday. “There is already some economic activity beginning to occur, and I believe that by this time next…
David James The former England No.1 had a long and storied career, playing for Liverpool, Aston Villa, West Ham United, Manchester City and Portsmouth. He reportedly earned in excess of £20 million (S$35.6 m) during his time in the Premier League. James even held an online auction to sell off some personal belongings and football memorabilia But an expensive divorce in…
Ericsson India Private Limited (Ericsson) has filed an insolvency case against Reliance Communications Ltd. in the Mumbai bench of the National Company Law Tribunal (NCLT) to recover dues totalling Rs. 1,155 crore. Confirming the development, an Ericsson spokesperson said in an emailed reply to a query from The Hindu, Ericsson can confirm that the company…
MUMBAI: Telecom equipment maker Ericsson petitioned the National Company Law Tribunal (NCLT) seeking the start of bankruptcy proceedings against Reliance Communications (RCom) and two of its subsidiaries over total unpaid dues of Rs 1,150 crore. The two subsidiaries are Reliance Infratel and Reliance Telecom. If the petition is accepted by NCLT, it could disrupt the…
David James The former England No.1 had a long and storied career, playing for Liverpool, Aston Villa, West Ham United, Manchester City and Portsmouth. He reportedly earned in excess of £20 million (S$35.6m) during his time in the Premier League. James even held an online auction to sell off some personal belongings and football memorabilia But an expensive divorce in 2005 led…
Mumbai, Sept. 13: Ericsson India Private Ltd (Ericsson) has dragged Anil Ambani-owned Reliance Communications (R-Com) to the National Company Law Tribunal (NCLT) An unsecured operational creditor of R-Com, Ericsson today filed a petition at the NCLT, Mumbai bench, under Section 9 of the Insolvency and Bankruptcy Code (IBC) to recover Rs 491.41 crore. Ericsson…
The wife of the bankrupt founder of the Nant whisky and angus cattle investment schemes will be interviewed by the corporate watchdog as part of an ongoing investigation into the saga, the ABC’s Background Briefing has learned. Key points: Nant founder Keith Batt declared bankruptcy in 2015, $16 million in debt Whisky and angus…