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Jet Airways office space in Mumbai’s business district, Bandra-Kurla Complex, is up for auction. Last month, a government-appointed liquidator put an entire office floor owned by the defunct aviation company to auction at a reserve price of Rs 335.24 crore. As per the report in ET, Bank of Baroda has emerged as the top bidder with Rs 370 crore, beating other contenders.
Following the successful bidding process, the liquidator is now expected to notify Brookfield Asset Management, an alternative investment giant with the Right of First Refusal (ROFR, giving it a 15-day window to match the highest bid if it wishes to acquire the property.
On confirming that Starleaton is facing voluntary administration, Eaton said:
“Starleaton faced voluntary administration on 18 January of this year. The approval of the DOCA, achieved by a narrow margin with the administrator’s decisive vote, stands as…
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.
The ruling, issued by the Chandigarh bench of the Tribunal on Tuesday, marks a significant shift in the company’s management and raises hopes for long-awaited financial and operational stability.
The Tribunal’s order removes executive authority from the existing management, including Chairman and Managing Director Samir Thapar and Full-Time Director Mukulika Sinha. Control of the company has been handed over to an interim resolution professional (IRP), who will oversee daily operations and…
Off the field, he’s weathered the storms of cheating, drugs and brothel party scandals as well as overcoming tragedy and adversity.
But now the rugby legend is facing perhaps his greatest ever challenge as he fights to get his life back on track after he was declared bankrupt in the wake of a bitter divorce ruck with his wife of 20 years.
In the latest blow Dallaglio, 52, has been forced to sell the family home where he watched his children grow up to pay off his creditors.
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JEREMY MAGGS: Now, today I want to shine a light on a crisis that I think is hiding behind glitzy ads and mobile apps. South Africans are placing over R1 trillion a year in bets, with R700 billion going into sport. But behind the hype, real people, particularly low-income earners, they are drowning in debt. I imagine anxiety and in extreme cases, probably even suicidal thoughts.
With me now is John Manyike, who is head of financial education at Old Mutual, and they have done some work into the social costs of gambling, who’s profiting, who’s hurting and what needs to be done.
A Melbourne woman who racked up a $130,000 student debt, as well as $30,000 in up-front university fees, says she now regrets some of the expensive study choices she made as an 18-year-old.
Monica, who asked for her surname to be withheld, will graduate this year and become a registered psychologist after six years of study.
While Monica said she was still happy with her career choice, there were many things she would like to go back and tell her teenage self.
Melbourne psychology student has a student debt of $130,000 and has paid $33,000 for her master’s degree after hitting the HECS/HELP cap. (iStock)
Monica grew up in a low-income household and, after finishing school, she didn’t have much parental support.
