Emma Kennedy , [email protected] Published 3:10 p.m. CT July 10, 2017 | Updated 3:22 p.m. CT July 10, 2017 CLOSE The remains of Drulmauert Mims was found Wednesday, June 28 in the backyard of a Warrington home. Emma Kennedy/[email protected] Buy Photo State attorney Bill Eddins, right, announces the arrest of Desiree Tedder for the death…
KOLKATA: Lenders to beleaguered Electrosteel Steels have urged the National Company Law Tribunal (NCLT) to admit insolvency proceedings against the West Bengal-headquartered company. Electrosteel Steels, which owes more than Rs 10,200 crore to an SBI led consortium of lenders, is among the 12 cases identified by the Reserve Bank of Indias (RBI) advisory panel for…
Floyd Mayweather has never been shy about flaunting how much money he has, but paying his debts to the government is a different story. According to a report from ESPN, Mayweather has said he will not be able to pay off a tax liability from 2015 until after his upcoming fight with Conor McGregor. Darren…
Joshua Paul/Associated Press The International Olympic Committee (IOC) has no interest in helping the city of Rio de Janeiro clear a debt of roughly $35-40 million from last year’s Olympic games. Per the Associated Press (via Sports Illustrated), the organisation’s executive board made the decision after a meeting in Switzerland on Sunday. In a statement, the IOC…
The RBI has directed lenders of Lanco to initiate corporate insolvency proceedings against the company under the Insolvency and Bankruptcy Code Mumbai, July 10: A week after New Delhi-based Hindustan Powerprojects encashed bank guarantees of Lanco Infratech worth 500 crore, due to unfulfilled contractual obligations at the latters 2,520MW Anuppur thermal power plant, the sub-contractors…
More than seven in 10 Canadians rate their ability to budget for an interest rate increase of one percentage point as less than optimal, a nationwide survey found. The prospect of climbing rates has nearly half of Canadians on edge, according to a recent Ipsos poll conducted by MNP, which runs one of the largest personal insolvency…
The insolvency move of bankers has created a ripple effect in the industry with Lanco Infratech, one of the companies in the Reserve Bank of Indias list of 12, encashing bank guarantees of its suppliers. A similar predicament is being faced by steel companies whose suppliers and customers both have rushed panic messages to…
Speaking to Capital FM Business, Group Managing Director Simon Ngigi says the process has been necessitated by the emerging challenges affecting the publishing industry in the markets they operate that include digital disruption, piracy, and government policies/FILE By KENNEDY KANGETHE, NAIROBI, Kenya, Jul 10 Longhorn Publishers Limited has announced new job cuts in a…
Sources close to the development said, the order to admit the plea was awaited. “They have heard the case.” Last month, lenders led by SBI had sent Electrosteel Steels to the NCLT for further action under the Insolvency and Bankruptcy Code (IBC). Electrosteel Steels was among the 12 cases identified by the…
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