The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party, other than the applicant who has taken a company to the NCLT and the company which is the corporate debtor itself, at the time of the admission of a case. We…
Increase in conversion of NPAs into standard accounts and decline in new accounts falling in NPA category show a definite improvement in the lending and borrowing behaviour. New Delhi: The Congress left behind the legacy of an anachronic system of resolving commercial insolvency. The Companies Act had a provision of winding up a company if…
newsletters, editors-pick-list, NATHAN Tinkler says that while his time as the Hunters best known coal baron may not have gone to plan, he is not regretful of his tenure owning the regions two major sporting flagships. Speaking to yourmoney.com.au, Tinkler denied any wrongdoing in the appalling event of ICACs Operation Spicer hearings and said the…
The National Company Law Appellate Tribunal (NCLAT) has said that the National Company Law Tribunal (NCLT) should not hear any third party other than the applicant who has taken a company to the NCLT and the company which is the corporate debtor itself. We may observe that except the applicant (financial…
Jan 19, 2019- Tanahu Hydropower Limited has given a contract commencement date to the two companies hired for the execution of the 140MW Tanahu Hydropower Project. The project developer, a subsidiary of the state-owned Nepal Electricity Authority, on Wednesday directed CMC Ravenna of Italy and Sinohydro Corporation of China to mobilise workers for the project…
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator. The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds…
Bankruptcy Chapter 11by Nick Youngson As explored in PG&E Under Flame, Californias top utility is proving be a fascinating and frustrating case study of what happens when companies put profit over people. To recap; state authorities are heavily investigating PG&Es role in causing the Camp Fire that claimed at least 87 lives in November. Alongside…
The banking system of Ukraine has made profit for the first time in five years. NBU Governor Yakiv Smolii said this during his speech in the Verkhovna Rada, Ukrinform reports. There are 77 banks in Ukraine, including 4 state-owned and 22 banks with foreign capital. The banking system is not only stable, well-capitalized and transparent,…
Rolta India, which is among the leading IT and geospatial companies of the world, is in dire financial straits. The companys strategy to make itself debt free in India by divesting its global products and solutions business has failed, reported Hindu Business Line. Rolta planned to raise $25 billion(INR25,000 crore) by divesting to restructure bonds.…
The former chief executive of a failed investment firm has been given just over two weeks to pay a record 76m fine by the City regulator. The Financial Conduct Authority formally imposed the huge fine on Stewart Ford yesterday over his role in one of the UKs largest investment scandals. He must find the funds…