Top lender SBI and other creditors have moved insolvency proceedings against Kolkata- based Electrosteel Steels at the National Company Law Tribunal (NCLT). State Bank of India initiated the corporate insolvency resolution process and filed the documents with NCLT, Kolkata, against the company under the Insolvency and Bankruptcy Code, 2016, Electrosteel Steels said…
A sales tax increase may help fund debt from new schools and school additions, since as this renovation plan for Brentwood High School.(Photo: Submitted) Two municipalities have agreed to help pay school debt if residents approve a sales tax increase later this year. With recent approval from Nolensville and Franklin, the school debt payment idea…
Fianna Fáil has said Government fears that its new mortgage arrears bill is not constitutional are ill-founded and a convenient excuse to block the legislation. The partys finance spokesman, Michael McGrath, who is bringing the bill, is seeking to remove the veto banks have on those seeking to stay in their homes. He says the…
Italian banks must improve the quality of bad loan data and use them to understand when to raise provisions on debts which are yet to be declared insolvent, the central bank governor said on Wednesday. A harsh recession which ended in 2014 saddled Italian banks with impaired debts that are still running at around 15…
by Sam Henderson It can be worth holding the right properties (even with debt), says Sam Henderson who answers your questions on super. Q: I am in my early fifties and have nearly paid off my principle place of residence, but I have some investment properties that have debt associated with them. Sam, you often…
John O’Keefe (26) ran up gambling debts after falling into depression following the death of his father in 2011. He was to be paid 200 for transporting the drugs valued at over 7,000. O’Keefe, of Windmill Avenue, Crumlin, Dublin pleaded guilty at Dublin Circuit Criminal Court to possession of drugs for sale or supply at…
The Reserve Bank of India (RBI) on Wednesday told the Gujarat High Court that Essar Steels claim of nearly completing its restructuring and being unaware of insolvency proceedings was false. Darius Khambata, RBIs counsel, said the minutes of the meeting between Essar Steel and its lenders revealed that the company was far from…
Caesars Entertainment has received approval from the New Jersey Casino Control Commission (CCC) to restructure its business operations in Atlantic City. New Jerseys Casino Control Commission is allowing Caesars Entertainment to create a new operating division that will manage two of its three resorts in Atlantic City. (Image: Viviana Pernot/Press of Atlantic City) The corporate…
MATISSE, the beach club which tried to add some glamour to Scarborough, has gone into voluntary administration. The beachfront venues sole director, Sean Reid, called in administrators Rob Kirman and Rob Brauer from restructuring and insolvency firm McGrathNicols local office on Friday. media_cameraMatisse Beach Club in Scarborough posted on Instagram by user: @jorjamei Mr Reid…
Goshen Holdings owed more than $200,000 at the end of its liquidation. A former driver for a failed logistics company is among those out of pocket after the company went under. Palmerston North-based Goshen Holdings was placed into liquidation in 2013. According to Companies Office documents, Goshen had traded since 2001, providing chilled freight and…