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LINCOLN, Neb.--(BUSINESS WIRE)--Jul 31, 2018--Nebraska Book Holdings, Inc. (NBC) announced today, July 31, 2018, that it has successfully completed the
Disclosure of information- Reg. 30 of SEBI (LODR) Regulations, 2015
Further to our earlier intimation, please be informed that yesterday i.e., on 1st August 2018 Company has received certified copy of NCLT order dated 25th July 2018. Pursuant to said order, Mr. Jitendra Kumar Yadav having address at 11, Singh House, 28th Floor, 23 Ambalal Doshi Marg, Besides BSE Building, Fort, Mumbai 400001 as Interim Resolution Professional to carry out the functions as per Insolvency and Bankruptcy Code, 2016.
This information may kindly be treated as disclosure in compliance with regulation 30 of SEBI (LODR) Regulations 2015. Kindly take the same on record and oblige.
The bill aims to help over-indebted poor people who dont have the same options as wealthier debtors in distress.
CAPE TOWN – Parliaments Trade and Industry Committee has removed a controversial clause from the National Credit Amendment Bill it is working on, that would have given the minister, Rob Davies, broad powers to introduce debt-relief measures in the wake of economic shocks or natural disasters.
The bill aims to help over-indebted poor people who dont have the same options as wealthier debtors in distress, such as debt administration or sequestration.
The High Court in Johannesburg has granted an order allowing for the immediate liquidation of VBS Mutual Banks largest shareholder, thereby allowing liquidators to begin trying to recover as much as half of the R1.5bn that was stolen from depositors of the bank.
Acting Deputy Judge President Moroa Tsoka wasted no time on Tuesday in granting a final liquidation order against Vele Investments, the banks controlling shareholder. The application for the liquidation of Vele had been brought by the banks curator, Anoosh Rooplal.
Its a great milestone for the curatorship, its a step in the right direction to potentially recover assets that rightfully belong to the VBS depositors, he said.
DESSERT king Adriano Zumbo appears to have gone to ground amid shock claims his company has gone into voluntary administration.
On Wednesday afternoon, the companys phone went unanswered and its website also appears to be down.
The last social media posts by the company and Zumbo himself have made no mention of the reported predicament, which was reported by Fairfax media today.
Around 13% of companies in Wales may have suffered a financial hit following the insolvency of a customer, supplier or debtor in the last six months, according to new indicative research from the Welsh branch of R3, the insolvency and restructuring trade body.
The Welsh figure is lower than the proportion of UK companies reporting a negative effect from the insolvency of a counterparty within the previous six months, which stands at over one in four (26%).
The report found the financial impact of the insolvency of another business was described as very negative by around 3% of Welsh companies, and as somewhat negative by 9% of local respondents.
The figures are evidence of the so-called domino effect, where one companys insolvency w…
Kevin Cash struck gold during his 20s, managing to build an estimated £500 million (around R8,7 billion) fortune.
He was less lucky in the marriage department, but they say the fourth times the charm. His most recent marriage is to South African model Carla La Reservee, with the pair having tied the knot back in 2011.
Depending on your age, you might remember Carla as FHMs Sexiest Woman in the World back in 2006, when she was 26, but more on that later.
Fine, heres the cover you hooligans:
FHM, hey? Good riddance.
Fast forward to 2018, and 54-year-old Cashs empire is crumbling around him. He was declared insolvent by Oxford County Court the latest reversal since he was found liable …
At Leeds Crown Court [Tuesday 31 July] former company director Jonathan France was sentenced to 10 years, as well as being disqualified as a company director for 12 years.
Also at court were his accomplices Jody Firth and Graham Myles Schofield having assisted Jonathan France carry out his dishonest activities.
Jody Firth was sentenced for 5 years and 4 months, while Graham Myles Schofield received a sentence of 2 years and 6 months. Jody Firth was also disqualified as a company director for 5 years and Graham Schofield was banned from running companies for 3 years.
Jonathan France was first disqualified from being a director of limited companies for 14 years in 2004 for his role in the mismanagement of Eric France and Son (Me…
LINCOLN, Neb.–(BUSINESS WIRE)–Jul 31, 2018–Nebraska Book Holdings, Inc. (NBC) announced today, July 31, 2018, that it has successfully completed the restructuring of its balance sheet eliminating the substantial majority of its legacy long-term debt. Going forward the company will have a capital structure that will enable growth and profitability. This was accomplished by NBCs major debt holders converting their remaining debt to equity and through a new Asset Based Loan (ABL) facility from Callidus Capital Corporation (Callidus). On or before October 1, 2018, NBC intends to redeem all remaining notes, fully elimin…
The Clean Energy Finance Corporation could weigh in with debt funding to help support the Snowy 2.0 pumped hydro mega-project as well as the investment required in transmission to help get the power to consumers, chairman Steven Skala has revealed.
Mr Skala said that while wind and solar power were rapidly becoming fully cost competitive, the federal green bank’s work was far from done, outlining an expectation that the CEFC would become more involved in technologies such as pumped hydro that complement intermittent renewables, as well as in transmission.
“This means that the CEFCs work in the energy sector is not done and that it could be called upon to examine participating in much larger initiatives in the future such as…
A second building company has gone under this week, with Maven Interiors, known as M-INT, being placed into voluntary liquidation on Tuesday.
Neither Maven Interiors director Allan Tribble nor liquidator Andrew Oorschot could be reached for comment, but a voicemail on the firms main phone said it was moved into voluntary liquidation and a liquidator would respond to any claims within seven days..
Maven Interiors, formerly known as Simple Solutions Intex said on its website it had grown from a simple interiors firm to an interior construction firm working with top firms.
Its website, which has since been taken offline, had boasted it hired more than 40 specialist tradespeople, making it one of the largest labour forces in the Canterbur…
Orange has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia.
It found 77 people in Orange were declared bankrupt in the 2018 financial year, the highest in three years.
The number equalled Dubbo and was only behind Port Macquarie (82) for the highest in NSW.
The West Australian area of Baldivis was the worst in the country with 105 people declaring bankruptcy.
St Vincent de Paul Society executive officer for the Bathurst Central Council, Bruce Buchanan, said the high number of bankruptcies was due to a number of factors.
We have seen about a 15 per cent increase in people seeking financial assistance in the past financial year, he said.
