Insolvency Guardian Media Centre
MGM has responded to the rumor about Bruno Mars owing millions in gambling debt.
In a statement to ET on Monday, MGM Resorts International denied the performer is in debt with the hospitality empire amid a NewsNation story that alleged Mars owes up to $50 million in gambling debts.
“We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers,” the statement reads. “From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s brand of entertainment attracts visitors from around the globe. MGM and Bruno’s partnership is longstanding and rooted in…
Read the original article here
Boutique restructuring consultancy Cathro & Partners has appointed Mark Cook as a director.
Founded in 2021 by industry expert Simon Cathro, Cathro & Partners specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement, government advisory, and pre-lending services.
The addition of Mark Cook bolsters the firm’s senior team – he brings around two decades of experience in forensic accounting, fraud investigations, corporate restructuring advisory and insolvency to Cathro & Partners.
Founder Simon Cathro said Cook’s track record and experience will provide invaluable advice to the firm’s growing client base, with insolvency and fraud on the rise across the…
Read the original article here
Melbourne businessman Allen NgCredit: Source: clarkofthecourse.com
Three judges of the Supreme Court – Justices Maree Kennedy, Cameron Macauley and Kevin Lyons – upheld the appeal.
They classed the bets as “unauthorised gambling” because the form had not been signed nor registered with Racing Victoria. As a result, the $150,000 debt was wiped.
Let’s bet
A fortnight after the Supreme Court finding, McLauchlan spoke to this masthead about the case. Sitting in his South Melbourne apartment, he shook his head in disbelief. Until then, he felt he had done everything right – from the moment he was introduced to Ng at a midweek meeting at Sandown Racecourse on February 8, 2020, by a mutual friend.
“This fellow wanted to bet with…
Read the original article here
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) on Tuesday dismissed an appeal by former promoters of Spaze Towers. The promoters sought to confine the Corporate Insolvency Resolution Process (CIRP) to just one project, Spaze Arrow, instead of multiple ongoing projects.
The initial directive for insolvency proceedings came from the National Company Law Tribunal (NCLT) on October 21, 2024. The tribunal responded to a plea by homeowners, citing the company’s inability to complete and deliver projects as promised, notably the Spaze Arrow project in Gurugram.
The NCLAT’s dismissal emphasizes the tribunal’s stand that claims related to another project, Spaze Corporate Park, must also be addressed. Previously,…
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
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:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
NEW DELHI: Appellate tribunal NCLAT on Tuesday dismissed the plea filed by the former promoters of realty firm Spaze Towers to confine the Corporate Insolvency Resolution Process to only one project — Spaze Arrow. The National Company Law Tribunal (NCLT), on October 21, 2024, directed the initiation of insolvency proceedings against Spaze Towers, admitting a plea filed by its flat owners.
Appealing against the order, the former management approached the National Company Law Appellate Tribunal (NCLAT), requesting to confine the CIRP process to only one project.
However, the appellate tribunal rejected it, saying, “When the…
Read the original article here
A COMPANY has warned there could be a rise in insolvencies in 2025.
Antony Batty & Company, licensed insolvency practitioners, has predicted a rise in insolvencies across Bournemouth, Christchurch and Poole.
This follows the recent budget’s substantial rise in employers’ national insurance and the minimum wage.
Elaine Wilkins, director at Antony Batty’s Bournemouth office, said: “With many businesses already suffering post-pandemic and from high inflation, the Government’s introduction of increased employers’ national insurance contributions along with the big rise in the minimum wage represents a significant escalation in a business’s cost base.
READ MORE: Business closes blaming government budget and high rent
Insolvency experts…
Read the original article here
Antony Batty & Company, licensed insolvency practitioners, has predicted a rise in insolvencies across Bournemouth, Christchurch and Poole.
This follows the recent budget’s substantial rise in employers’ national insurance and the minimum wage.
Elaine Wilkins, director at Antony Batty’s Bournemouth office, said: “With many businesses already suffering post-pandemic and from high inflation, the Government’s introduction of increased employers’ national insurance contributions along with the big rise in the minimum wage represents a significant escalation in a business’s cost base.
READ MORE: Business closes blaming government budget and high rent
Read the original article here
Read the original article here
Labour hire company at centre of immigration investigation goes into liquidation Stuff
Read the original article here
Keppel places Avenue Park Development under voluntary liquidation Singapore Business Review
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
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:
1. Open the settings menu by clicking the hamburger menu in the top right
2….