Insolvency Guardian Media Centre
IDBI Bank has filed an insolvency application against Zee Entertainment Enterprises Limited (ZEEL) before the National Company Law Tribunal (NCLT), Mumbai, seeking initiation of the corporate insolvency resolution process for an alleged default of Rs 225.23 crore, reported CNBC TV-18.
The bank has claimed to be a financial creditor, citing a debt service reserve agreement linked to credit facilities availed by Siti Networks Ltd, where the company was a guarantor. The company has reportedly disputed the claim, calling it malicious, fraudulent and meritless, and said it intends to pursue legal action to protect its reputation.
This is not the first time the bank has approached the tribunal on this matter. In 2022, a similar insolvency plea…
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Some scammy debt relief companies promise to get you a lower credit card interest rate, claiming they can save you thousands of dollars. But they don’t have special connections to do that. These companies can’t do anything for you that you can’t do for yourself for free.
Why Your Interest Rate Matters
Having a high interest rate on your credit card means you’ll end up paying more for things you buy, unless you pay your credit card bill off every month. It also might take you longer to pay off your credit card balance.
While there are no guarantees, you might be able to lower your interest rate by calling the customer service number on the back of your credit card and asking the company for a lower rate. There aren’t any shortcuts…
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Melbourne commercial printer, Ezprint, has hit the skids, entering voluntary liquidation following a general meeting of company members last Friday (15 August), halting all work and terminating employment for all staff.
A letter to staff members from company director, Daniel Mayson, stated: “Unfortunately, despite our best efforts, we have reached a point where the business can no longer continue”.
“Due to a combination of external and internal pressures, we are left with no viable option but to close our doors. This difficult decision was not made lightly. I have explored every possible avenue to keep things going, but ultimately, the circumstances have proven too great to overcome.”
In the same letter it says that staff…
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REVEALED: Latest business liquidations in Brisbane The Courier Mail
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Cruise Passenger Jumps Overboard After Allegedly Running Up Massive Gambling Debt MSN
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Cruise ship passenger jumped overboard to avoid $16,000 gambling debt, prosecutors say MSN
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‘Ripped off’: Beauty clinic shuts as customers out of pocket Herald Sun
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REVEALED: Latest business liquidations in Hume Herald Sun
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
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Royal Caribbean passenger jumps off cruise to avoid $16K gambling debt MSN
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Cruise ship passenger jumps overboard to avoid paying $16K gambling debt: police MSN
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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….