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The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects,
The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties.
The Chennai bench of the National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process against VA Tech Wabag, one of the pure play water technology majors. The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties.
The NCLT has appointed Pathukasahasram Reghunathan Raman as interim resolution professional (IRP) to carry out …
Malcolm Roberts’ hopes of replacing himself in the Senate appear doomed after Queensland publican Fraser Anning – the next candidate on One Nation’s ticket – successfully avoided bankruptcy.
Creditors have officially withdrawn their bankruptcy petition against Mr Anning and his wife Fiona, Fairfax Media can reveal.
The move comes after Mr Anning struck a confidential settlement agreement with ABL Nominees – a subsidiary of the Bendigo and Adelaide Bank – which launched the bankruptcy case over debts associated with a failed agribusiness scheme.
One Nation senator Malcolm Roberts.
The deal means there should now be no barrier preventing Mr Anning taking up the seat, likely to be left vacant by Senator Roberts in the coming weeks. The Hig…
Drew Povey, star of the reality TV series, has tripled the GCSE pass rate at Harrop Fold SchoolJOHN CATT EDUCATIONAL
He was the naughtiest boy at school and could easily have gone off the rails. But Drew Povey, the head teacher who stars in the reality TV series Educating Greater Manchester, has transformed not only his own life but also the fortunes of what was once known as the worst school in the country.
It is not just that the GCSE pass rate at Harrop Fold School, in Salford, has tripled while the exclusion rate has gone to zero Writing people off is terrible, Povey said. It is also the money: by cutting staff, pushing class sizes to 35 and paying the thousands of pounds an hour that he earns from motivational speaking…
NEW DELHI: Jaiprakash Associates Ltd (JAL) today said its board had approved the transfer of certain assets and liabilities, including a debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company.
The company had called a board meeting to consider the recommendations of the audit committee on the debt restructuring process approved by the Joint Lenders Forum.
The JAL board “has consented to carry forward the same through the scheme of demerger of the identified assets and liabilities” into a wholly owned subsidiary of the company, it informed the BSE in a regulatory filing.
“The scheme envisages a demerger of the undertaking comprising i…
Jaiprakash Associates Ltd (JAL) today said its board had approved the transfer of certain assets and liabilities, including a debt of over Rs 11,834 crore, to its subsidiary Jaypee Infrastructure Development Ltd as part of its efforts to cut the overall borrowing of the company.
The company had called a board meeting to consider the recommendations of the audit committee on the debt restructuring process approved by the Joint Lenders Forum.
The JAL board “has consented to carry forward the same through the scheme of demerger of the identified assets and liabilities” into a wholly owned subsidiary of the company, it informed the BSE in a regulatory filing.
“The scheme envisages a demerger of the undertaking comprising identifi…
The number of people seeking help for debt in Cornwall is on the rise with more households struggling to pay basic bills such as water and council tax.
Cornwall Citizens Advice Bureau (CAB) said that debt was the single biggest issue that people go to it for advice for, with 34 per cent of all enquiries relating to debt.
About 6,500 people in Cornwall went to their local CAB last year to ask for advice with money concerns. The top reasons for debt were council tax, credit cards and personal loans.
The main area of arrears was for water bills, with CAB clients having £699,984 worth of water bill debt in 2016/17. Second was rent arrears at £195,481, then mortgage payments at £165,871, electricity bills at £127,291 and gas bills totalling £…
COMBINED LOCKS, Wis. An Outagamie County judge has approved the sale of a Fox Valley paper mill that employed hundreds of people to a liquidation company.
Judge Gregory Gill approved Industrial Assets $21.5 million purchase of Appleton Coated on Thursday.
The deal requires California-based Industrial Assets to market the plant for 90 days. If a buyer isnt found, the liquidation company plans to sell the equipment and machinery.
Some hope that a buyer will be found to continue operations at the Combined Locks plant.
In an upbeat message on his Twitter account he vowed to battle back, declaring: Dont waste moments thinking about the past. Move on, the best is yet to come.
Becker, 50 next month, became one of the worlds richest sportsmen after winning Wimbledon three times and clinching a total of six grand slam titles during a glittering career.
He became the youngest ever Wimbledon champion in 1985, aged just 17. But bad business investments and unpaid tax bills along with payouts to his ex-wife and a lover have brought him to the brink of financial ruin.
Yesterday Becker re-tweeted a post quoting his German lawyers, saying reports he was having to sell his trophies were inaccurate. Beckers legal team also vehemently deny that he owes as much as £54mil…
Vic Kolenc, El Paso Times
Published 10:23 a.m. MT Oct. 6, 2017 | Updated 1:22 p.m. MT Oct. 6, 2017
2Q sales up 2.8%, profit down 69%
Officials of El Paso’s Helen of Troy consumer goods company plan to restructure two of its poorly performing divisions in hopes of improving sales, which is expected to bring jobs cuts in El Paso, Maryland, and Connecticut.
“In an effort to enhance the performance of our nutritional supplements and beauty (products) segments, we are initiating a restructuring plan we are calling Project Refuel,” Helen of Troy CEO Julien Mininberg said in a statement released Thursday with the company’s second-qu…
(Updates with liquidation deadline, context throughout)
By Nichola Saminather
TORONTO, Oct 4 (Reuters) – Sears Canada on
Wednesday won court approval to extend credit protection by a
month to Nov. 7, but its creditors set a deadline of this week
to liquidate the retailers’ assets, leaving the company with
mere days to decide its fate.
While the extension of creditor protection will keep its
lenders at bay a bit longer, the new liquidation deadline means
a deal with Executive Chairman Brandon Stranzl that would allow
it to remain in business would still need to be reached by
Saturday, Oct. 7.
Stranzl, who stepped away from Sears Canada’s day-to-day
operations to keep the 65-year-old company running, mad…
The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties.
