He was summoned from Pakistan to Mumbai by his cousin Prithviraj Kapoor; he assisted K Asif on Mughal-E-Azam and worked as a secretary to Geeta Bali. He debuted as a producer with a film starring Rajesh Khanna. But things fell apart some years later, when a major flop sent him spiralling into debt. He was…
There continues to be rumblings surrounding lingerie brand La Perla. The Bologna court has declared La Perla Manufacturing Srl insolvent, several Italian media outlets have reported. This branch of the La Perla Group is responsible for manufacturing the brand. The branch is now in receivership. So it is not (yet) about the entire company behind…
Insolvency filings in May rise from April, but down from last year Toronto Star Read the original article here
Stellantis current US-made Jeep Grand Cherokee. GAC Fiat Chrysler Automobiles Company, the joint venture between the Netherlands-headquartered automaker Stellantis NV and Chinese state-owned Guangzhou Automobile Group, has been… Read the original article here
Guangzhou Automobile Group Co. Ltd. (2238.HK; 601238.SH) and Stellantis (STLA.US), the world’s fourth-largest automaker, on Tuesday said court overseeing the liquidation of their joint venture, GAC Fiat Chrysler Automobiles Co. Ltd. (GAC FCA), officially declared the venture bankrupt. The court-appointed bankruptcy administrator confirmed that the company was unable to repay its debts and lacked the…
BEIJING (Reuters) -GAC Fiat Chrysler Automobiles, a joint venture between Stellantis and China’s Guangzhou Automobile Group, said on Tuesday it has been declared bankrupt. The joint venture posted images of a ruling issued by a court in China’s Hunan province declaring the bankruptcy, alongside its announcement, in a social media post. (Reporting by Beijing Newsroom;…
Home Entertainment This filmmaker directed only 8 films before he went bankrupt, he once invested Rs 17 crore in a film and lost everything, he is… This filmmaker directed only 8 films in his career but each of his films leaves an impression on the viewer, whether it is a success or a flop. 9…
Clock ticking on Prax Lindsey Refinery as buyers sought amid insolvency crisis TheBusinessDesk.com Read the original article here
The Technical University of Kenya (TUK) has been declared insolvent by Parliament amid a deepening financial crisis marked by a Ksh12 billion debt and persistent salary delays for staff. The crisis has largely been blamed on a bloated workforce that exceeds the institution’s operational capacity, with payroll consuming Ksh270 million monthly. Additionally, TUK has failed…
The Technical University of Kenya (TUK) has addressed reports that the university has been shut down days after it was declared financially insolvent by the National Assembly. The Parliamentary Committee on Education on Wednesday, April 16, declared TUK insolvent amid a deepening financial crisis marked by billions of debts and persistent salary delays for staff.…