The Insolvency and Bankruptcy Board of India (IBBI), which is implementing the Insolvency and Bankruptcy Code, has said owner of undelivered properties can become part of the committee of creditors and stake a claim equivalent to the amount they have paid to realtors. Their claims, according to the regulator, would be treated on…
While Japans flagship panel maker completed its biggest two-day rally this year on Thursday, bearish bets have climbed toward a record. Japan Display Inc. soared almost 12 percent this week, boosted by reports of strong quarterly sales of iPhones, which use the companys liquid-crystal displays. But short interest rose to 25 percent of free float…
Debts are debilitating and just as individuals drown in debt, it is possible that businesses might have to face similar situation for which every action must be taken carefully. One of the most promising options which allow businesses manage their debts is following consolidation plan. There are several options that you will come across when…
Board of Jyoti Structures suspended w.e.f. 12 July 2017 Jyoti Structures announced that the Company has been going through financial difficulty. One of the Lenders i.e. State Bank of India had filed application for initiation of corporate insolvency resolution process (CIRP) of the Company as per the provisions of the Insolvency and Bankruptcy Code…
By Kate Thomas for MailOnline Published: 17:29 +10:00, 18 August 2017 | Updated: 18:03 +10:00, 18 August 2017 e-mail 3 View comments They’re holidaying in Ibiza as a family following a difficult year, which has seen the former tennis ace declared bankrupt and the couple face rumours of a marital rift. But Lilly Becker was…
Students and their parents have seen tuition and fees at public colleges and universities increase more than 60 percent during the past decade, according to statistics provided by the U.S. Department of Labor. The increased cost of a college diploma has contributed to the tripling of outstanding student loan debt that has accrued during that…
A dispute over Indian sandalwood producer Santanol Group has pitted 21 Western Australian investors, led by forestry veterans Bob Bunning and Tony Jack, against private equity giant KKR and its local representatives, including Jock Clough and incoming Wesfarmers executive Ed Bostock. At stake is control of an established sandalwood producer with 2,100 hectares of plantations,…
Eric Charbonneau/REX Shutterstock A hedge fund investor who loaned $2 million to Relativity Media just before it went bankrupt now claims he was swindled out of the money. Carey Metz, chief investment officer of Atorus Investment Management, filed suit on Thursday in L.A. Superior Court, accusing Relativity founder Ryan Kavanaugh of fraud. Metz alleges that…
A Melbourne builder is being hunted by angry tradesmen who claim they are owed millions of dollars for work on an apartment complex in which underworld figure Mick Gatto has a financial interest. Key points: A number of contractors walked off job in West Melbourne last month over non-payment of bills Imagebuild Group…