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Grocons administrators have advised against winding up the collapsed construction giant. Picture: Daniel Pockett/NCA NewsWire Grocons administrators have advised against
National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year.
In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the period of April 1, 2020 and December 31, 2020, a total of 76 corporate insolvency resolution processes (CIRP) ended in resolution, 128 CIRPs were closed due to withdrawal or appeal or settlement and 189 companies went into liquidation. Further, the government temporarily suspended the initiation of CIRP under Section 7, 9 and 10 of the Code for a period of six months or such further period not…
For many people, gambling is not just a one-time lottery purchase on their 18th birthday or a game of blackjack at a bachelor party in Las Vegas. Gambling, for some, becomes an addictive activity that depletes their bank account and ruins their marriage.
Even if your spouse does not gamble every day and can afford to lose big at the roulette table, they may have a problem. Some of the telltale signs of gambling addiction include:
The inability to scale back or quit gambling.
Placing larger and larger bet.
Feeling an urge to keep gambling after losing.
Lying to conceal the extent of their gambling problem.
Susies Unfortunate Story
Pathological gamblers do not make good partners. Typically, spouses pay the price of their partner’…
The federal promise of $4 billion in debt relief for minority farmers, part of the Biden administrations $1.9 trillion pandemic relief package, is a step toward justice, said three Democratic senators on Monday. They said the next step should be passage of legislation to root out discrimination at the USDA, transfer up to 32 million acres of land to Black farmers, and assure producers of a fair price when they sell livestock to meat processors.
Advocates call the debt relief provision the most pivotal civil rights legislation since the1964 civil rights lawthat prohibited segregation and banned discrimination in employment because it could preserve farming as a way of life for Black Americans. Less than 2% of U.S. farmers are Black today…
The year 2020 changed life for families across the globe. Amid major adjustments like working from home, virtual schooling and new healthcare precautions, there was another area where Americans experienced change. The Covid-19 pandemic altered credit card habits for consumers nationwide.
During a year when millions were stuck at home and unemployment rates reached a record high, credit card debt took an unexpected downward turn. According to Experian, consumers lowered their credit card debt by an impressive 14% during 2020.
Read on to discover how your credit card management habits measure up to others. Youll also find some tips on how you can reduce your credit card debt and tools you can use if your debt seems overwhelming at present…
National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year.
In a written reply to the Lok Sabha, the Minister of State for Corporate Affairs, Anurag Thakur, also said that during the period of April 1, 2020 and December 31, 2020, a total of 76 corporate insolvency resolution processes (CIRP) ended in resolution, 128 CIRPs were closed due to withdrawal or appeal or settlement and 189 companies went into liquidation.
Further, the government temporarily suspended the initiation of CIRP under Section 7, 9 and 10 of the Code for a period of six months or such further period not exceeding one year…
Grocons administrators have advised against winding up the collapsed construction giant. Picture: Daniel Pockett/NCA NewsWire
Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors.
Grocon has placed 88 subsidiaries – many of them dormant – in the hands of KordaMentha, blaming its plight on the Central Barangaroo project in Sydney, dominated by Crown Resorts new casino.
Grocon alleges rival Lendlease and Crown Resorts reached a secret deal with Infrastructure NSW on building heights in 2019, protecting the rights of Crown tower Sydneys tallest b…
A barred broker was charged this month in federal court in New York with defrauding his former clients of more than $400,000 that he used to pay personal expenses, including casino gambling debts and credit card bills, according to the Department of Justice.
The broker, Apostolos Pitsironis, is a 22-year industry veteran and most recently was employed from 2018 to 2019 by Janney Montgomery Scott in Melville, New York, according to his BrokerCheck report.
Pitsironis transferred $411,000 from the investment account of a couple whose portfolio he managed directly into bank accounts he controlled, and later, used this money to pay his familys personal expenses, according to the Department of Justice.
Oliver’s Real Food (ASX: OLI) expects to achieve annual cost savings of $4 million from a corporate restructuring announced today following a six-month review to make the company profitable after years of financial woes.
With a renewed board and an extra $5 million in funds from a recent placement backed by institutional investors, the company will now be divided into two core businesses – Oliver’s Real Food involving stores and franchises, and the retail convenience business Oliver’s Food to Go.
The board and management expect cost savings from having a centralised food preparation facility in Brisbane for the Oliver’s Real Food business, with delivery outsourced to a third-party logistics company with a national footprint to reach…
In fact, as of June last year 20% of Australian households have credit card debt, while 33% have other personal debt, according to RBA numbers.
Meaning a whole lot of people are dealing with making repayments, and in some cases, multiple repayments. But the truth is, keeping your debts separate isnt always the most financially savvy option – considering where personal loan rates sit right now.
This is where a debt consolidation can come in handy.
What is debt consolidation?
A debt consolidation loan is a type of personal loan that rolls your debts into one. It combines debts that come with a high interest rate, like a credit card or loan, meaning you only make one repayment a month rather than multip…
OutlookMarch 23, 2021 14:00 ISTSupreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL)
outlookindia.com
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(Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) With a total loan outstanding of close to INR 150 crore owed to three of the large public sector banks in the country, the decision will enable timely and speedy resolution to the insolvency process pending since last four years Hyderabad, India Business Wire India The Honble Supreme Court of India (Supreme Court) in a Special Leave Petition filed by a Prospective Resolution Applicant (PRA) …
NEW DELHI: National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year. In a written reply to the Lok Sabha, the minister of state for corporate affairs, Anurag Thakur, also said that during the period of April 1, 2020 and December 31, 2020, a total of 76 corporate insolvency resolution processes (CIRP) ended in resolution, 128 CIRPs were closed due to withdrawal or appeal or settlement and 189 companies went into liquidation. Coronavirus: Live updates Further, the government temporarily suspended the initiation of CIRP under Section 7, 9 and 10 of the Code for a period of six months or such further period not exc…
PERTH (miningweekly.com) Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021.
New Hope on Tuesday told shareholders that liquidators from its former subsidiaries Northern Energy Corporation (NEC) and Colton Coal, which went into voluntary administration in mid-2019, intended to start proceedings against New Hoppe and certain former directors of both NEC and Colton in connection with alleged voidable transactions, insolvent trading, asset transfers and breaches of directors duties.
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Reports have suggested that the liquidators estimated that these claims were valu…
