Insolvency Guardian Media Centre

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Piaggio Declares Insolvency, Seeks Restructuring – Aviation International News

Piaggio Aerospace declared insolvency late last week, asking for extraordinary administration that would facilitate restructuring, the company confirmed. Under extraordinary

Can coordination in the G-20 help countries to reduce debt and deficits? – Brookings Institution

G-20 leaders had one thing on their minds when they gathered in Toronto in June 2010: debt. Their response to

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

The 15th meeting of the CoC of the Corporate Debtor was held on 02.11.2018 The outcome of the meeting is

Viceroy Hotels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Sub: Notice of 11th Committee of Creditors Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements),

Diversity, Playtech and significant growth for bet365: The week in numbers – CasinoBeats

Each week, CasinoBeats breaks down the numbers behind some of the industrys most interesting stories. This weeks edition looks at

Fintech Judo Capital has signed a $350 million debt facility with Credit Suisse – Business Insider Australia

Digital bank startup Judo Capital has signed a $350 million Credit Suisse debt facility The money will be used to

Catch diversifies into financial services – Inside Retail

Catch Group has launched a new website, but instead of offering steeply discounted apparel, dishwashing tablets and other household items,

Piaggio Aerospace Declares Bankruptcy – Aeronautics Online

Piaggio Aerospace, the traditional Italian aircraft manufacturer, has filed for insolvency. The company, which was controlled by Abu Dhabi-based investment

Waypoint Leasing Files Voluntary Chapter 11 to Further Restructuring Process – Business Wire (press release)

LIMERICK, Ireland--(BUSINESS WIRE)--Waypoint Leasing Holdings Ltd., the largest independent global helicopter leasing company, today announced that it and certain of

Almost 60000 in financial hardship defer property tax payments – Irish Times

Almost 60,000 people in financial difficulty have deferred property tax payments worth more than 7 million, according to the latest

Faced with debt, Maldives seeks assistance from India – Times of India

Faced with mounting foreign debt, some of which may have resulted from dubious loan agreements, the Maldives is looking at

Companies abusing insolvency pre-packs, independent panel says – Financial Times

Businesses are sidestepping tax bills amounting to tens of millions of pounds using an insolvency procedure that the government is

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Piaggio Aerospace declared insolvency late last week, asking for extraordinary administration that would facilitate restructuring, the company confirmed. Under extraordinary administration, the Italian government will appoint a commissar who will work to guarantee business continuity, a spokesman said.

The move comes a year after the financially troubled Italianmanufacturer had outlined a five-year turnaround plan that included a 255 million ($342 million) cash injection from Piaggio parent Mubadala Investment Company to support Piaggio Aerospaces financial needs, combined with a total bank debt repurchase and conversion to equity by the shareholder in support of Piaggio Aerospaces balance sheet. By May, company executives were encourag…

Read the full article at: https://www.ainonline.com/aviation-news/business-aviation/2018-11-26/piaggio-declares-insolvency-seeks-restructuring

G-20 leaders had one thing on their minds when they gathered in Toronto in June 2010: debt. Their response to the crisis over the preceding three years was effective in stabilizing markets, buttressing the global financial system, and supporting growth through coordinated fiscal stimulus. But these bold actions took their toll.

Increased spending, tax cuts, bank bailouts, and the impact of automatic stabilizers saw a sharp increase in debt and deficits. From 2007 to 2018, G-20 countries added $33 trillion to the global stock of debt. The weighted-average debt-to-GDP ratio of G-20 countries increased by more than 40 percent from 2007 to 2018 (Figure 1 gives the unweighted gross debt-to-GDP ratio for each G-20 economy). In Europe, …

Read the full article at: https://www.brookings.edu/research/can-coordination-in-the-g-20-help-countries-to-reduce-debt-and-deficits/

The 15th meeting of the CoC of the Corporate Debtor was held on 02.11.2018
The outcome of the meeting is summarized as herein below:
1.The RP presented and discussed 3 plans out of four plans, which were found to be compliant with reg and provisions of the IBC, 2016 with the members of the COC. An analysis of the plans was presented to the CoC by their Process Advisors and the way forward on carrying negotiations with Resolution Applicants(RA) was also discussed.
2.The RA were invited to present their resolution plans in front of the members of the COC. The presentations were made by two RA wherein various queries were raised by the members of the COC.
3.Valution report determining the Fair Value & Liquidation Value of the Corporate Debtor…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ramsarup-industries-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article25598296.ece

Sub: Notice of 11th Committee of Creditors Meeting

Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg.

With reference to the subject cited above, I would like to bring to your kind notice that the 11th Meeting of the Committee of Creditors (COC) of the Company is scheduled to be held on Tuesday, 27th November, 2018, at the registered office of the Company situated at Plot No. 20, Sector – I, Survey No. 64, 4th Floor, HUDA Techno Enclave, Hyderabad – 500 081, Telangana, India.

Viceroy Hotels Limited (Corporate Debtor) is currently under Corporate Insolvency Resolution Process (CIRP) as per the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC) pursuant to an orde…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/viceroy-hotels-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article25597942.ece

Each week, CasinoBeats breaks down the numbers behind some of the industrys most interesting stories. This weeks edition looks at diversity within the gaming industry, as well as significant growth for bet365.

2.719m

Leading online bookmaker bet365 has confirmed significant growth in its full-year accounts (12-month period to March 2018), recording a 26% increase in betting and gaming revenue to 2.719m.

The operator continued to benefit from its high-level sportsbook offering, specifically in-play betting which accounted for 77 per cent of its sports betting revenue, as well as this, mobile betting revenue rose 29% during the year

Operating profits for the firm elevated 33 per cent to 682.2m, whilst the firm re…

Read the full article at: https://www.casinobeats.com/2018/11/26/diversity-playtech-and-significant-growth-for-bet365-the-week-in-numbers/

• Digital bank startup Judo Capital has signed a $350 million Credit Suisse debt facility
• The money will be used to provide further depth to Judos lending of small and medium sized enterprises.
• In August this year, Judo announced that it had raised $140 million of equity.

Fintech Judo Capital, which is seeking a banking licence, announced it has signed a $350 million debt facility agreement with global financial services firm Credit Suisse.

David Hornery, co-founder and co-CEO of Judo, says the Credit Suisse facility will provide further depth to Judos funding for Australian small and medium sized enterprises (SMEs).

Since Judos launch earlier this year, demand for our relationship focused SME lending has surged…

Read the full article at: https://www.businessinsider.com.au/judo-capital-debt-facility-credit-suisse-fintech-2018-11

Catch Group has launched a new website, but instead of offering steeply discounted apparel, dishwashing tablets and other household items, the new site offers competitively priced personal loans intended to help customers fund their everyday lives.

Catch has partnered with debt consolidation company, Now Finance, to provide the loans and is offering up to $750 cash back and a free annual Club Catch membership, valued at $69, to customers who take out a loan.

The move comes after Catch Group launched Catch Connect, a mobile phone offering, in February as part of a burgeoning diversification strategy.

What weve built is a strong brand that stands for good value great deals on high-quality products, Catch Group CEO Nati Harpaz told IR….