Provisions of the Limitation Act, 1963, should apply to the proceedings under the Insolvency and Bankruptcy Code, 2016 by virtue of Section 433 of the Companies Act, 2013, since the NCLT and the NCLAT are the creation of the Companies Act, 2013 Recently, in the case of Neelkanth Township and Construction Pvt Ltd vs Urban…
AIG to restructure into three new units, marking CEO’s first big move By Suzanne Barlyn and Sweta Singh (Reuters) – American International Group Inc said on Monday it will reorganize into three new units and will no longer have separate commercial and consumer businesses, marking the first major strategic move by new Chief Executive Officer…
A petition to all creditors, including the IMF IMFInternational Monetary Fund Along with the World Bank, the IMF was founded on the day the Bretton Woods Agreements were signed. Its first mission was to support the new system of standard exchange rates. When the Bretton Wood fixed rates system came to an end in 1971,…
Aerialtronics’ Altura Zenith Drone Volt, a France-based manufacturer of drones, has announced it is buying the assets of Dutch unmanned aircraft systems (UAS) company Aerialtronics, which recently announced it would be seeking partners and investors following a solvency procedure. Drone Volt, taking majority control of Aerialtronics, says the strategic acquisition will strengthen its own position…
SolarWorld said Monday that it plans to hire back some of the workers it laid off last summer, following a favorable ruling last week from the U.S. International Trade Commission. However, any significant hiring may still hinge on action from President Donald Trump, who must consider whether to slap tariffs or other penalties on solar…
Battle of the Sexes is a buoyant piece of propaganda about a buoyant, propagandistic episode in American culture: the 1973 tennis match between 55-year-old Bobby Riggs a self-proclaimed chauvinist pig who crowed that women shouldnt play on the same courts as men and 29-year-old Billie Jean King, a crusader for womens rights and a budding…
Drake & Scull makes management changes as part of restructuring – The National x Abu Dhabi, UAEMonday 25 September 2017 Read the full article at: https://www.thenational.ae/business/economy/drake-scull-makes-management-changes-as-part-of-restructuring-1.661574
Sept. 25, 2017 – by Josh Sosland Search for similar articles by keyword: [Bread] Baking companies are reshaping their businesses to remain competitive and successful in a chronically flat market. KANSAS CITY Sales trends in the fresh bread category were weak once again over the past year. While the decline in unit sales was modest…
(Reuters) – American International Group Inc (AIG.N) said on Monday it will reorganize into three new business units and will no longer have separate commercial and consumer units, marking the first significant move by new Chief Executive Brian Duperreault. Under the new structure, AIG will have a general insurance unit, a life and retirement unit…
The Bank of England has issued its strongest warning yet about the UKs ballooning consumer debt, saying Britains banks could incur £30bn of losses on their lending on credit cards, personal loans and for car finance if interest rates and unemployment rose sharply. After assessing the fast growth in the consumer credit market, Threadneedle Street…