While MG Insurance has actually gone through the liquidation process and contracts are transferred t..

1.21 million subscribers, some concerns about prolonged labor union resistance… Authorities “Promoted to the original plan” 사진 확대 MG Insurance. [Photo source = Yonhap News] While MG Insurance has actually gone through the liquidation process and contracts are transferred to five insurance companies, opposition is growing as the MG Insurance union recently held a resolution…

JCT staff hail NCLT’s insolvency order, hope for its revival under new management

Workers at JCT Ltd, one of Punjab’s oldest textile manufacturers, have welcomed the National Company Law Tribunal’s (NCLT) decision to initiate the Corporate Insolvency Resolution Process (CIRP) against the debt-ridden company. Advertisement The ruling, issued by the Chandigarh bench of the Tribunal on Tuesday, marks a significant shift in the company’s management and raises hopes…

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Travel company collapses leaving holiday-makers stranded and out of pocket

Holiday-makers have been left thousands of dollars out of pocket — and others stranded overseas — following the collapse of an Australian travel company, prompting warnings from industry experts about the risks of booking through unaccredited agents. Melbourne-based Traveldream, which operated solely online, has been placed into administration, leaving customers scrambling for refunds on pre-paid…