The Gujarat High Court today prevented the National Company Law Tribunal from conducting any further proceeding against Essar Steel till July 12 under the Insolvency and Bankruptcy Code. A bench of Justice S G Shah stopped the NCLT from proceeding further against the Essar Steel on the firm’s contention that the RBI’s…
Stay on NCLT proceedings wll continue; RBI admits error in June 13 press release Ahmedabad, July 7: The Gujarat High Court on Friday adjourned the hearing on the Essar Steel Ltds petition challenging the insolvency proceedings filed by its lenders at the National Company Law Tribunal (NCLT) to July 12. This means that stay on…
Hundreds of people swarmed the lobby of Atlantic Citys Trump Taj Mahal casino on Thursday, hoping to score big. But they werent gamblers. They were bargain hunters searching for rock-bottom deals at a liquidation sale of the contents of the ostentatious casino that Donald Trump built in 1990 as a monument to excess and glitz.…
Management services provider FTI Consulting, Inc.FCN recently acquired CDG Group, an investment banking firm that provides financial advisory services to small and mid-sized public and privately held companies, for an undisclosed amount. The strategic transaction is aimed at augmenting the company-side and interim management capabilities within its restructuring business in North America. Based in New…
Dozens of companies charge high fees and claim to help borrowers reduce or eliminate student loan debt. You may be dealing with one, but you’re not stuck. You can end contact with such companies and apply to federal student loan programs for free through U.S. Department of Education websites. Though not all companies that collect…
Cash-strapped state-owned airline SA Express is facing an application for liquidation because it cannot pay its debts. The application has been brought in the Gauteng High Court by aircraft leasing company Solenta Aviation on the basis of the nonpayment of R87.3m and would be heard on August 11, if it is not opposed. But SA…
On March 27 in Berlin, Eric Wahlforss, cofounder of German music streaming company SoundCloud told an audience of politicos, entrepreneurs, and the media how important the city of London has been to SoundClouds success. SoundCloud wouldnt have grown into the widely-used music platform it is today without its London office opened in Soho in 2008…
By Ryan Smith for MailOnline Published: 21:30 +10:00, 7 July 2017 | Updated: 21:31 +10:00, 7 July 2017 e-mail 8 View comments It’s presumably been a tough few weeks for Boris Becker and his Lilly, after the former tennis ace was declared bankrupt late last month. But on Thursday, the couple showed that they were…
NEW YORK–(BUSINESS WIRE)–Gleacher & Company, Inc. (OTC Pink: GLCH) (the Company) announced today that the Board of Directors has determined to make a fifth liquidating distribution to Company stockholders in the amount of $0.80 per share of the Company’s common stock (approximately $4.95 million in the aggregate). The record date for this distribution is July…
The Gujarat High Court will on Friday hear Essar Steels petition for staying the insolvency proceedings against the company over a plea submitted by its lenders at the National Company Law Tribunal (NCLT). Adjourning the hearing till July 7, the high court’s single-judge bench had asked the Reserve Bank of India (RBI) to…