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The amount lawsuits against Steinhoff reflects a company "heading towards liquidation, says prominent stock broker Petri Redelinghuys.In a note to shareholders,
A gas company has been convicted and fined a record $4.5 million for causing serious environmental harm at its underground coal gasification plant on Queensland’s western Darling Downs.
From the beginning, Danny and Betty Robersons love was steeped in their faith.
I married her on top of a mountain in Colorado 16 years ago, as close to God as I could get her, Danny said.
Danny decided to donate $10,000 to RIP Medical Debt in Betty’s memory, which will forgive $1 million in debt.
The couple stood together through a fight with cancer. Their love was strong even after Betty got a little closer to God and left Danny behind.
Betty died earlier this year after having the max amount of chemo a body can handle, but her tumor kept growing.
“You know its something you never really plan for and even though I knew it was coming. When she did pass, it was very sudden. It just hits you in the gut,” Danny said.
The amount lawsuits against Steinhoff reflects a company “heading towards liquidation, says prominent stock broker Petri Redelinghuys.
In a note to shareholders, Steinhoff says it it is facing at least four lawsuits totalling over R60 billion.
Redelinghuys says shareholders sue to ensure that jump the line of debtors a company has to pay.
Steinhoffs latest note to shareholders reflects a company heading toward liquidation, Herenya Capital Advisors founder Petri Redelinghuys says.
The list of shareholders suing the company, it is starting to look like they believe the company will be broken up or liquidated, Redelinghuys told Business Insider South Africa.
HUNDREDS of gamers have been left out of pocket as popular but controversial UK online store Gameseek has gone bust.
Customers got a letter out of the blue from an insolvency firm informing them that the firm was to be liquidated.
Pre-order offers had been a mainstay of Gameseek’s business
Gameseek had previously attracted criticism online for taking money from eager gamers before items were available, and offering too-good-to-be-true deals that many customers struggled to ever successfully take advantage of.
While the firm itself has yet to make an official announcement, their web store is offline any many disgruntled customers have taken to social media to express their exasperation.
Conglomerate Dalmia Bharat, with presence in cement, on Tuesday wrote to the bankruptcy resolution professional (RP) and committee of creditors (CoC) of debt-laden Binani Cement that the latters parent, Binani Industries, was acting in concert with UltraTech Cement for takeover of the insolvent firm.
The letter was written on the same day Dalmia Bharat appealed to the Supreme Court to stay the May 4 order by the National Company Law Appellate Tribunal (NCLAT) that allows Binani Cements committee of creditors (CoC) to approve either Dalmia Bharats original or UltraTech Cements revised bankruptcy resolution plan.
Tory benefits minister Esther McVey is protesting against a campaign to regulate crack cocaine gambling machines.
The controversial Liverpool-born MP strongly objected to plans to limit the maximum stakes on Fixed Odds Betting Terminals (FOBT) to £2, according to the Times .
The Work and Pensions Secretary made her views known in the face of critics who said the machines cause crime and family breakdown.
We would like to inform you that on May 9, 2018, the Zemgale District Court in Bauska has filed an application for insolvency of Z / S “Jumis” to SIA Baltic Dairy Board.
SIA Baltic Dairy Board (hereinafter – the Company) confirms the existence of the de…
Cheshire-based online video game shop Gameseek has gone into liquidation – leaving angry customers out of pocket.
The letter sent to Gameseek customers today.
Gameseek’s website is currently offline, and emails to staff return “address not found” messages. Emails and calls to CEO Stephen Staley went unanswered at the time of publication.
Gameseek’s closure has come just days after its website and official Twitter account were in operation. Customers now face losing money on products they’ve already paid for.
One affected customer, 36-year-old Tom Robinson from Gwynedd, Wales told Eurogamer he received a letter from a business recovery specialist today notifying him of Gameseek’s liquidation and his status as a creditor after paying £64…
Jaiprakash Associates and its subsidiary Jaypee Infratech on Wednesday filed an appeal in the Supreme Court to restrain the Allahabad bench of the National Company Law Tribunal from passing any order of liquidation or issuing any direction against the latter without seeking the Courts approval, according to a copy of the application seen by Moneycontrol.
The Noida-based group also sought the apex courts approval for the Rs 10,000-crore offer it has made to the creditors to resolve Jaypees debt problem. The Supreme Court will hear the matter on Friday.
Jaypee Infratech owes Rs 9,094.31 crore to a consortium of over a dozen banks led by IDBI Bank. The state-owned lender alone has a 44.3 percent share in Jaypees total deb…
We would like to inform you that on May 9, 2018, the Zemgale District Court in Bauska has filed an application for insolvency of Z / S “Jumis” to SIA Baltic Dairy Board.
SIA Baltic Dairy Board (hereinafter – the Company) confirms the existence of the de…
Iconic Australian designer brand Metalicus has been forced into voluntary administration after almost five decades of success.
The brand, founded by Melma Hamersfeld, shared the sad news in an email to its customers on Wednesday night.
‘Metalicus has long been recognised as an iconic Australian fashion brand and we would like to take this opportunity to thank our customers for their ongoing loyalty and support over the years,’ it said.
‘Whilst this is a difficult period for our staff and customers, tomorrow we will be launching a sale event at all of our flagship stores, Myer concessions and online with significant savings on all pieces.’
Administrators have been appointed and a meeting for creditors will be held …
Iconic Australian designer brand Metalicus has been forced into voluntary administration after almost five decades of success.
The brand, founded by Melma Hamersfeld, shared the sad news in an email to its customers on Wednesday night.
‘Metalicus has long been recognised as an iconic Australian fashion brand and we would like to take this opportunity to thank our customers for their ongoing loyalty and support over the years,’ it said.
‘Whilst this is a difficult period for our staff and customers, tomorrow we will be launching a sale event at all of our flagship stores, Myer concessions and online with significant savings on all pieces.’
Administrators have been appointed and a meeting for creditors will be held …
