It is hard to believe, when you have been living in the quiet hell of Mortgage Arrears that you can still be your familys hero. This week a national campaign has started where the Irish Mortgage Holders Organisation (IMHO) are asking you, if you are in long term Mortgage Arrears to contact us. I know,…
Alitalia SpA, the bankrupt Italian airline searching for a rescuer, will get new uniforms designed by one of Italys most prominent stylists, the second re-branding in two years. The airline, which is on state support, said Wednesday that Alberta Ferretti will renew the companys look “to ensure that all personnel, both ground and flight staff,…
A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo corporate rehabilitation. In an order dated Nov. 23, the RTC of Parañaque Branch 258 issued an order to liquidate Uniwide Sales Inc., Uniwide…
MUMBAI: A recent Supreme Court judgement restraining independent directors of Jaiprakash Associates from transferring any personal assets over a group companys insolvency issue has sent shock waves through the independent directors fraternity, with experts warning that there would be few takers for this role. Several independent directors on boards of companies are now seeking legal…
Article Tools HAZLETON A new building may be constructed in Valmont Industrial Park, even though most of the land there is spoken for. Officers of CAN DO Inc., the areas economic developers, told the organizations board of directors recently there is a parcel of land planned for a building that was never built…
A regional trial court has issued an order to liquidate the assets of the Uniwide group, declaring as insolvent the former high-flying retailer which was still pleading for a chance to undergo corporate rehabilitation. In an order dated Nov. 23, the RTC of Parañaque Branch 258 issued an order to liquidate Uniwide Sales Inc., Uniwide…
Shares of telecommunications companies rose, but not by as much as the broad market, as traders rotated into economically sensitive areas. Continue Reading Below In a highly unusual move, China Development Bank, a policy bank which often helps fund Chinese companies’ investments overseas, late last week filed a petition for Indian carrier Reliance, also known…
Slams canard, says ordinance levels thefield for applicants New Delhi, November 27: In defence of its recent insolvency ordinance, the government has asserted that the entire effort is aimed at disqualifying errant promoters while providing for a level-playing field for all prospective resolution applicants, including the promoters. There is no merit in the contention in…
BSE had sought clarification from Reliance Communications after market hours yesterday with respect to news that China Development Bank has filed an insolvency case against it. China Development Bank has filed a case against Reliance Communications (RCom) under the Insolvency and Bankruptcy Code, becoming the first lender to move court against the debt-laden telecom company.…
MUMBAI: For Indias overwhelmingly complex legal system, the Insolvency and Bankruptcy Code (IBC) is billed as the silver bullet that would help lenders recover about Rs 9 lakh crore of sticky loans. But the law has an unwanted side effect loss of jobs. Since IBC was used by lenders to slice through the thicket of…