Image copyright Hope & Glory Festival Image caption Hope & Glory Festival Ltd owes creditors almost £890,000 The company behind a “chaotic” music festival that was pulled on the second day has gone into liquidation while owing almost £890,000 to creditors. Hope & Glory Festival in Liverpool was called off on 6 August amid reports…
Chatpol said Bang Khun Thien resident who worked at a company manufacturing the kind of steel weight found tied to his feet drove his sedan to Wat Pom Kaew in Mueang Samut Songkhram on Friday night. He then sent his girlfriend, who lives in the neighbourhood, a message that his car was at the temple…
September 4, 2017: As already informed to you, Corporate Insolvency Resolution Process (CIRP) has commenced in respect of Ennore Coke Limited (the Company) under the Insolvency and Bankruptcy Code, 2016 (IBC) by an order of the National Company Law Tribunal with effect from 20th June 2017. As per Section 17 of the IBC, upon appointment…
Supreme Court has stayed the insolvency proceedings against real estate firm Jaypee Infratech New Delhi: The Supreme Court today stayed the insolvency proceedings against real estate firm Jaypee Infratech at National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to embattled firm and others on a plea…
Ten Network’s secured creditors and staff will be paid out in full under the restructuring plan to sell the company to the US broadcasting giant CBS. But key content providers such as production houses on contract to Ten will only receive 100 cents in the dollar if they remain with the network. In a…
The Supreme Court stayed on Monday the insolvency proceedings against real estate firm Jaypee Infratech at National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to embattled firm and others on a plea filed by homebuyers who have not yet received possession of their dream flats booked…
Murdoch-controlled 21st Century Fox faces getting close to nothing in the payout of Network Ten creditors if it does not come to a new content supply agreement with the free-to-air broadcaster’s likely new owner CBS. Ten administrators KordaMentha assessed the debt claim for the US studio, of which Lachlan Murdoch is executive chairman, to be…
The Supreme Court on Monday stayed an order passed by the Allahabad bench of the National Company Law Tribunal (NCLT) on Jaypee Infratech. The Allahabad bench of the tribunal had accepted IDBI Bank’s plea and classified Jaypee Infratech as insolvent. A bench headed by chief justice of India (CJI) Dipak Misra was hearing a public…
US Treasury Secretary Steven Mnuchin on Sunday challenged Congress to raise the governments debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said had caused up to $180bn (£138bn) in damage. Harvey, which came ashore on 25 August as the most powerful hurricane to hit…
Business and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Manchester-based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues. The only provider of simultaneous, real-time access to multiple sources…