NCLAT dismisses Korea Trade Insurance Corp plea for insolvency – Press Trust of India
NCLAT dismisses Korea Trade Insurance Corp plea for insolvency Press Trust of India Read the original article here
New York City’s 1975 debt crisis and how the city almost went bankrupt : Planet Money : NPR
In 1975, New York City ran out of money. For a decade it had managed to pay for its hundreds of thousands of city employees and robust social services by taking on billions of dollars in debt. But eventually investors were no longer willing to lend the city any more money. New York teetered on…
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UK haulage crisis: seven firms collapse in September
According to notices published in The Gazette, K West Transport, Chinyama Investments, Ikards, Care3, Hammerton Car Transport, Wynnes D, and SAM International Transport all ceased trading or appointed liquidators last month. Each listed “freight transport by road” as its principal business activity under the UK’s Standard Industrial Classification (SIC) code 49410. In its latest Red…
Bankrupt Jon Adgemis misses deadline to pay $6.7 million to reclaim someof his pub empire
A last-ditch attempt from bankrupt dealmaker Jon Adgemis to claw back part of his collapsed pub empire has fallen apart after the businessman missed a deadline to pay $6.7 million to buy back five hotels. Adgemis had been attempting to buy back the pubs which were put under receivership in September. At the time, New…
CCI nod for Vedanta’s bid to acquire Jaiprakash Associates
The Competition Commission of India (CCI) has granted in-principle approval to mining conglomerate Vedanta Ltd’s proposal to acquire Jaiprakash Associates Ltd (JAL), which is currently undergoing insolvency proceedings. | Photo Credit: iStockphoto Fair trade regulator CCI on Tuesday said it has given in-principle approval to mining conglomerate Vedanta’s proposal to acquire debt-ridden Jaiprakash Associates, should…
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