Insolvency Guardian Media Centre
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Highlights:
- Post-transaction approval, Nuvoco’s installed cement capacity will increase by over 20%
- The consolidated capacity will reach 31 MMTPA, ensuring Nuvoco’s position as the fifth- largest cement group in India
- Enhanced geographical reach, with nearly 40% of total capacity in the North and West regions
- Overall investment, including refurbishment of assets, will be more cost-effective than comparable greenfield or brownfield expansions
- Represents a strategic ‘value-buy’ delivering substantial growth at one of the lowest cost per-…
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The “You Fight, We Help” campaign comprises two measures. The first, “Direct Payment, Reserve Assets”, targets borrowers of housing and SME loans under 5 million baht and auto loans of less than 800,000 baht. To be eligible, the borrowers should have signed their loan contracts before January 1, 2024, and have an overdue balance for over 30 days but no more than 365 days.
Under this measure, debts will be restructured and monthly payments will be reduced to 70% in the first year, 80% in the second year and 90% in the third year. All interest will be suspended for three years.
The second measure, “Pay, Deal, Complete”, targets borrowers with debts under 5,000 baht that have become non-performing loans or have defaulted…
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A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years.
Neville Taylor was paid more than a quarter of a million pounds by Atherton Corporate (UK) Ltd to become the sole director of more than 400 companies.
Taylor’s disqualification means he will have to step down as director of at least 196 companies from his correspondence address of Bridge Street, in the town of Kington in Herefordshire. He will also no longer be able to act as director of more than 250 companies with correspondence addresses in Telford, Wakefield and Dunfermline.
Taylor was disqualified for his conduct as director of the following 12 companies:
- Abode D&B Ltd
- Bryanston Logistics…
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There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.
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(InvestigateTV) — Bankrate found the average credit card interest rate today is 20.27%, making it very expensive to carry credit card debt.
Sara Rathner with NerdWallet said those carrying a lot of credit card debt may want to consider debt consolidation.
She said those with good credit could qualify for a balance transfer card. This would allow them to move debt to a card with no interest for a period of time.
There are two things consumers need to understand about the balance transfer process, Rathner said.
“One is that you’ll owe typically a balance transfer fee three to five percent of the balance you transfer so you’ll want to keep that in mind,” she explained. “And the other thing is, once that no interest promotion period…
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Debt Free Advice, a leading organisation providing free financial guidance, is thrilled to announce the launch of its free Benefits Calculator.
This innovative tool is designed to help families across the UK discover unclaimed benefits, providing vital financial support during challenging times.
Every year, billions of pounds worth of benefits go unclaimed in the UK, leaving families struggling to make ends meet without the support they’re entitled to. Whether due to confusion, stigma, or lack of awareness these missed opportunities can make the difference between financial hardship and stability.
Debt Free Advice’s new Benefits Calculator aims to change this. By answering a few simple questions, users can quickly identify…
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A director of more than 400 companies has been disqualified for nine years after he was found to have repeatedly undermined the insolvency regime.
The Insolvency Service said Neville Taylor, 57, was paid more than a quarter of a million pounds by Atherton Corporate (UK) Ltd to replace the directors of 12 companies which had ceased trading but had not entered liquidation.
These were Abode D&B Ltd, Bryanston Logistics Limited, Kiln Garden Ltd, M&G Olympic Products Limited, Necto Build Ltd, Prestek Services Ltd, Rohani Limited, S Consult Ltd, Stoke Park Developments Ltd, Swagger Home Furnishings Ltd, Tier One IT Ltd and Woden Park Limited.
They traded in sectors such as IT, construction, human resources, education, farming and water…
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INSOLVENCY NOTICES: Winding Up Petitions – December 2024 Credit Connect
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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2….
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08 Jan 2025
2 Min Read
CW Team
Nuvoco Vistas Corporation Ltd, the building materials arm of the Nirma Group, has been declared the successful resolution applicant (SRA) for Vadraj Cement Ltd (VCL) under the corporate insolvency resolution process (CIRP). The Committee of…
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The Czech Republic Funding and Debt Management Strategy for 2025 Ministerstvo financí ČR