Indian-origin pizza company director disqualified in UK – The Tribune
London, August 11
Home buyers protest as builder Jaypee Infratech is declared bankrupt – India Today
A good number of people, who invested their life savings for a dream home, were left in the lurch when builder Jaypee Infratech was declared bankrupt. The National Company Law Tribunal has admitted the plea of public lender IDBI Bank relating to default of Rs 526 crore loan by Jaypee Infratech and appointed an interim…
WB govt seeks six month’s time to repay principal loan amount – Outlook India
kolkata, Aug 11 The Mamata Banerjee government has sought six month’s time from nine nationalised banks to repay the principal amount of the loan taken by erstwhile Left Front government in 2004-05 for supplying iron ore to a China-based firm. “We will soon hold a meeting with the banks and tell them of our inability…
UK pensions regulator clears Tata Steel proposal – Hindustan Times
Britains pensions regulator on Friday gave the initial approval to a proposal from Tata Steel UK to restructure the British Steel Pension Scheme (BSPS) and prevent the company becoming insolvent. The development is likely to finalise pension arrangements that were a hurdle to the sale of Tata Steels UK assets and lead to merging its…
Indian-origin director of pizza company disqualified in UK – Hindustan Times
Balwinder Singh, the Indian-origin director of a Worcestershire-based pizza company, has been disqualified as a company director for diverting funds he had secured from loans to a partnership in which he had a personal interest, officials said. The Insolvency Service said Singh, 58, was the sole registered director of Charnwood Foods Ltd but an investigation…
Noble Group’s ballooning debt seen raising risk of restructuring – THE BUSINESS TIMES
[HONG KONG] Noble Group Ltd’s rising debt load is adding to speculation that it will need to restructure its obligations, even after the embattled commodity trader obtained a crucial covenant waiver that buys it more time. “Noble’s current capital structure is not sustainable,” said Annisa Lee, head of Asia ex-Japan flow credit analysis at Nomura…
It’s do or die for SoundCloud: the company’s future will be determined by vote today – Happy
The fate of SoundCloud has been the subject of much discussion as of late. Recently we reported the streaming platform was considering selling for significantly less than it was said to be worth 12 months previously. And, just a few weeks back, group of volunteer archivists started backing up the whole of SoundCloud in case it…
NCLT declares Jaypee Infratech insolvent: Here’s what homebuyers should do – Moneycontrol.com
Moneycontrol News Vandana Ramnani In a big setback to homebuyers of Jaypee group, the Allahabad bench of the National Company Law Tribunal on Wednesday declared Jaypee Infratech as an insolvent company. Homebuyers are unsure whether they will get their homes for which they have been waiting for years and have invested their life-long earnings. What…
Debt Repayment Strategies Shared By National Debt Relief – Benzinga
Debt repayment is a tough task for a lot of Americans that is why National Debt Relief shared some valuable strategies to look into. The article titled “Debt Repayment Strategies for Struggling Families” released August 2, 2017 aims to help consumers especially struggling families with tips to pay down their debt. Saint Paul, MN (PRWEB)…
The one and only Mrs Brown is looking for love Down Under – Newcastle Herald
DELIGHT: Brendan O’Carroll as Agnes Brown. For The Love of Mrs Brown is coming to Newcastle in January. SUCCESS is not something Brendan OCarroll takes for granted. Nor did it come quickly for the delightfully down-to-earth Irish comedian with a razor-sharp wit. It took him a long time to work up the courage to be himself and follow…