Insolvency Guardian Media Centre
Dear Sir/ Madam,
Sub: Notice of Ninth Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor)
Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the Ninth meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) under the provisions of the Insolvency and Bankruptcy Code, 2016, is scheduled to be held on Wednesday, 27th February, 2019
You are requested to take the same on record.
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/uttam-value-steels-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26376067.ece
Did you know the average American is approximately$38,000 in personal debt, with credit card debt being the leading source? With such a large amount of debt, personal loans are becoming more popular, especially for credit card debt consolidation. In the past year alone,34% of Americans took out a personal loan.
Personal loans can be used for a variety of reasons, …
Read the full article at: https://www.marketwatch.com/story/everything-you-need-to-know-about-getting-a-personal-loan-to-conquer-debt-2019-02-26
The National Company Law Appellate Tribunal has stayed the ongoing liquidation of Bharati Defence and Infrastructure Ltd.
The NCLAT directed that the liquidator will not take any steps to sell or transfer or alienate movable or immovable assets of the company. The Mumbai bench of the National Company Law Tribunal had ordered the liquidation in January, rejecting the Edelweiss Asset Reconstruction Companys resolution plan approved by the committee of creditors.
Edelweiss ARC, which initiated the insolvency process against Bharati Defence in June 2017, was the lead financial creditor and also the successful bidder. The resolution professional had rejected the other four offers citing non-compliance.
But the NCLT rejected Edelweiss ARCs plan o…
Read the full article at: https://www.bloombergquint.com/law-and-policy/nclat-stays-bharati-defences-liquidation-process
A Leicester-based IT supplier has been closed down after it carried on the work of two companies that courts said had traded in an improper manner.
The UK government today announced that Bradwell Communications, which lists its business as the wholesale of electronic and telecommunications equipment and other telecoms activities, was wound up in the public interest.
According to the Insolvency Service, Bradwell Communications had been carrying on the work of two firms that watchdogs had already sought to shut down.
Direct United (Services) and Fibre Tex were found to have “operated with a lack of transparency and had traded in an improper manner that result…
Read the full article at: https://www.theregister.co.uk/2019/02/26/insolvency_service_bradwell_communications/
Issues Initial 2019 Guidance
ATLANTA, Feb. 25, 2019 (GLOBE NEWSWIRE) — Crawford & Company (www.crawco.com) (NYSE: CRD-A and CRD-B), the worlds largest publicly listed independent provider of claims management and outsourcing solutions to insurance companies and self-insured entities, today announced its financial results for the fourth quarter and year ended December31, 2018.
The Companys two classes of stock are substantially identical, except with respect to voting rights and the Companys ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A m…
Read the full article at: https://globenewswire.com/news-release/2019/02/25/1741950/0/en/Crawford-Company-Reports-2018-Fourth-Quarter-and-Full-Year-Results.html
Cobie Smulders, she of Avengers and How I Met Your Mother fame, has been cast in an ABC drama pilot from writer Jason Richman (Mercy Street).
The series is called Stumptown, and it is an adaptation of a series of modern-day detective fiction graphic novels published by Oni Press. Launched inNovember 4, 2009, the first Stumptown series ran for four issues, with a second and third series beginning in September 2012 and September 2014, respectively. The third volume is currently ongoing.
The story follows Dex Parios, played by Smulders, who Deadline describes as “a strong, assertive, and unapologetically sharp-witted Army veteran working as a P.I. in Portland, OR. With a complicated personal history and only herself to rely on, she …
Read the full article at: https://www.denofgeek.com/us/tv/abc/279502/cobie-smulders-cast-in-abc-detective-pilot
Insurance and reinsurance broker Aons global Restructuring Plan, initiated in 2017, is now expected to result in estimated job losses of between 4,800 to 5,400, which is up 12% from the 4,200 to 4,800 expected job eliminations announced in early 2018.
The updated range was announced in the global brokers most recent annual 10-K filing, which, alongside details of the companys financial performance through 2018, also discusses Aons Restructuring Plan in connection with the sale of its Divested Business.
The restructuring plan is intended to streamline processes across the organisation, ultimately improving efficiency, insight and connectivity. The broker states that ongoing restructuring activities are anticipated to impact the business t…
Read the full article at: https://www.reinsurancene.ws/aon-expands-restructuring-plan-estimates-additional-job-losses/
Seems there are incentives everywhere aimed at attracting people to certain parts of the country or to specific jobs.
In some cases, those incentives can help college graduates pay off student debt, which as of March 2018 was at $1.5 trillion among 44.5 million loan borrowers nationwide, according to the Federal Reserve.
…
Read the full article at: https://www.thenewstribune.com/news/local/article226639414.html
An Italian firm contracted by the national government to construct the multibillion Itare Dam within Nakuru County has denied claims that it is broke.
In a statement to newsrooms, CMC di Ravenna said that neither itself nor its subsidiaries have been declared bankrupt or insolvent.
CMC has voluntarily engaged in a composition with creditors procedure to ensure it safeguards the interests of all stakeholders (creditors, investors, clients and co-operative employees), the statement read.
CMC di Ravenna continues to be fully committed to completing the dam project ahead of or within the contracted time frame.
But the firm attributed the slow work pace to delays in receipt of payments.
According to the company, a…
Read the full article at: https://www.nation.co.ke/news/Firm-given-Sh38bn-dam-tender-denies-bankruptcy-reports/1056-4997994-13xk1esz/
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Student loan debt in 2019 is the highest ever.
The latest student loan debt statistics for 2019 show how serious the student loan debt crisis has become for borrowers across all demographics and age groups. There are more than 44 million borrowers who collectively owe $1.5 trillion in student loan debt in the U.S. alone. Student loan debt is now the second highest consumer debt category – behind only mortgage debt – and higher than both credit cards and auto loans. Borrowers in the Class of 2017, on average, owe $28,650, according to the Institute for College Access and Success.
If you are a student loan borrower, the following student loan debt statistics can help you make more informed decisions …
Read the full article at: https://www.forbes.com/sites/zackfriedman/2019/02/25/student-loan-debt-statistics-2019/
The research from real estate adviser Altus Group discovered The Insolvency Service an agency of the Department for Business, Energy and Industrial Strategy paid out a total of 298.07m to former members of staff as a result of their employer entering into administration, liquidation, a company voluntary arrangement, or another form of corporate in 2018.
Some 196.36m was paid out in redundancy pay while 59.85m was for money that would have been earned working a notice period.
The balance went on holiday pay and outstanding payments like unpaid wages, overtime and commission, according to data released to Altus Group under the Freedom of Information Act.
Retail insolvencies
This amount paid rose by almost one third on the previous year, some…
Read the full article at: https://www.morningadvertiser.co.uk/Article/2019/02/25/Insolvency-costs-to-taxpayers-rise-by-31
NEW YORK, Feb. 25, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links provided. There is no cost or obligation to you.
Yangtze River Port and Logistics Limited (NASDAQGS: YRIV)
Class Period: February 2, 2016 – December 5, 2018
Lead Plaintiff Deadline: March 4, 2019
Join the action: https://www.zlk.com/pslra-1/yangtze-river-port-and-logistics-ltd-loss-form?wire=3
The lawsuit alleges: Yangtze River Port and Logistics Limited made materially false and/or mis…
Read the full article at: https://globenewswire.com/news-release/2019/02/25/1741998/0/en/CLASS-ACTION-UPDATE-for-YRIV-W-TAP-and-AMRN-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders.html