NEW DELHI: Home finance companies are jittery about the National Company Law Tribunal’s decision to initiate insolvency proceedings against real estate companies like Jaypee Infrastructure and Amrapali’s Silicon City because the insolvency and bankruptcy code (IBC) does not treat home loan financiers as secured lenders. With the implementation of the IBC in regard to a…
A TRAIL of debt has emerged from the rubble of the collapse of a prominent, Americana-themed Sunshine Coast restaurant. The Daily reported New Orleans Diner, at the Oceans building on Mooloolaba Esplanade, had closed down after opening in December last year. Australian Securities and Investments Commission documents reveal New Orleans Diner was a business name…
Kaman Corporation KAMN recently announced a plan to restructure its Aerosystems business, for improving profitability. The move is in sync with the company’s existing initiatives to strengthen the Aerosystems business’ capacity utilization and operating efficiency. The company, reportedly, operates under two segments, namely, Distribution and Aerospace. The Aerospace business has exhibited steady growth over time,…
08 Sep 2017 An independent review of the debt advice funding framework in the UK has reached a milestone, according to the Money Advice Service (MAS). The independent review is being led by Peter Wyman and he has this week (September 7) launched a call for evidence on the matter. Wyman said: There is…
Projected Annual Cost Savings of Approximately $7 million from Restructuring Changes to Leadership Team Announced ATLANTA, Sept. 07, 2017 (GLOBE NEWSWIRE) — Mueller Water Products, Inc. (NYSE:MWA) today announced its strategic reorganization plan designed to accelerate its product innovation and revenue growth. The plan re-configures the Companys divisional structure around products, with five business teams that…
State Bank chairman Arundhati Bhattacharya today urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner. She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on their balance sheets. “One…
Mumbai: State Bank chairman Arundhati Bhattacharya on Friday urged small and medium enterprises (SMEs) to focus on raising funds through equity instead of debt to drive their businesses in a healthier manner. She said SMEs’ relying more on debt for their growth capital in the initial stage of their business put pressure on their balance…
Consumers groups have petitioned Prime Minister Narendra Modi for protecting the interest of home buyers after insolvency proceedings were initiated against Jaypee Infratech cast an uncertainty over the fate of some 30,000 people, who have invested in flats belonging to the realty major. Fight for RERA, an umbrella group of some 100 homebuyers association and…
Photo: McGregor.com The parent company of fashion chains McGregor, Gaastra and Adam Menswear was declared bankrupt on Thursday, just days after requesting court protection from creditors. The Doniger Fashion Group was formed last year when the McGregor group first collapsed. Doniger has 75 shops, of which 53 are in the Netherlands, and a workforce of…
Moneycontrol News An all-India homebuyers group, in a letter to the Prime Minister Narendra Modi, has sought an amendment to the Insolvency & Bankruptcy Code 2016 to ensure that homebuyers’ interests are protected during insolvency proceedings, and has also brought to his notice that Real Estate (Regulation and Development) Act 2016 (RERA) has not offered…