The promoters of McLeod Russel India, the countrys largest tea producer in India, have reached a settlement with financial creditor, Techno Electric & Engineering, paving the way out of insolvency. Aditya Khaitan, chairman and managing director, McLeod Russel India, did not comment. P P Gupta, managing director, Techno, said, The matter stands closed to our…
Chief Minister Datuk Seri Hajiji Noor looking at the view after officiating at the opening ceremony of the Sky Bridge in Kota Kinabalu on Friday KOTA KINABALU: The city’s long-delayed RM31.5mil pedestrian Sky Bridge project has finally been completed with the state government’s intervention. Chief Minister Datuk Seri Hajiji Noor Friday officially opened the Sky…
[embedded content] Over the last 73 years, Polaroid cameras have come in and out of fashion. Polaroid revolutionized instant film photography and then felt the backlash of the digital era. Business Insider recently explored the cultural phenomenon of Polaroid in a YouTube video entitled The Rise and Fall of Polaroid Cameras. But how exactly did…
Bankruptcy: The bankruptcy of Funafli, headquartered in Voss. stock photos Helicopter company Funafli has declared bankruptcy after the increasingly difficult situation during the Corona crisis worsened. Marietta Sao Hamri [emailprotected] Posted: 02.09.2021 14:17 Latest update:14:22 The daily camper and its owner, Sverre Underbakke, told Fonnafly E24 that the company had been hit hard by the…
Enlarge / Friends and family members of people who have died during the opioid epidemic protest against a bankruptcy deal with Purdue Pharmaceuticals that allows the Sackler family to avoid criminal prosecution and to keep billions of dollars in private wealth, on August 9, 2021, outside the Federal courthouse in White Plains, New York. Getty…
Difficulties for Videocon Industries promoter Venugopal Dhoot is increasing as the National Company Law Tribunal (NCLT) Mumbai has now approved the request of State Bank of India (SBI) for personal insolvency case against Dhoot. As per the information Dhoot had given personal guarantee to SBI for a loan of Rs 6157. Speaking on the matter…
When a public utility declares bankruptcy, tensions can arise between the functions of state regulators, who oversee utilities, and bankruptcy courts, which seek to offer debt relief. Researchers expect that the strain on utilities will increase as climate change makes weather worse, possibly upping the number of bankruptcies those companies file. Recent years have seen…
BELGRADE (Serbia), September 2 (SeeNews) – German company DL-Holding plans to launch a project for the construction of a business park in Belgrade, the Serbian Chamber of Commerce said. DL-Holding will assume the ownership of the factory of insolvent brewer Beogradska Industrija Piva (BIP) in Belgrade after signing an agreement to acquire the company in…
In the five years since Indias bankruptcy code came into force, almost every third company admitted for resolution has faced liquidation. The number of companies liquidated is more than three times the number where a resolution plan was worked out. A higher level of liquidation is possible because most distressed companies admitted for resolution had…
PETALING JAYA: The Covid-19 pandemic has caused large-scale business losses and closures, leading to many entrepreneurs losing the shirt off their back. In just the first four months of this year, a total of 2,954 debtors have already been declared bankrupt. The number would have been higher if not for the many financial packages introduced…