NEW DELHI: Moved by the plight of homebuyers who have not been given the possession of flats despite paying money to builders, the Supreme Court today observed it wanted to help these investors who must get their flats or their money refunded. A bench headed by Chief Justice Dipak Misra said this while hearing a…
By Giles Parkinson on 3 October 2017 The Clean Energy Finance Corporation (CEFC) says it has agreed to provide all the debt finance needs for what will be Victorias largest solar farm in a bid to accelerate the project, which it says will help bring stability and diversity to the states energy supply. The CEFC…
Companies Tuesday, October 3, 2017 9:32 By PHILIP MUYANGA A past meeting at one of PrideInn hotels in Mombasa. FILE PHOTO | KEVIN ODIT | NMG PrideInn Hotels and Investments Ltd has been put under liquidation for inability to pay a Sh69.3 million debt. High Court Judge Patrick Otieno allowed the winding up petition…
Tuesday, October 03, 2017 Press release from the issuing company Discussions Continuing with Lenders on Plan for Expedited Restructuring and Emergence Appleton, Wis. – Appvion, Inc. (the Company) today announced that it and certain of its subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy…
TK | 3 October 2017 Prague, Oct 2 (CTK) – The number of Czechs addicted to gambling machines, online gambling and betting has been rising, reaching up to 120,000 in 2016 when people lost a total of 39.3 billion crowns in gambling, according to a report released by the National Centre…
, ET Bureau| Oct 01, 2017, 11.40 PM IST The banks can force a debt recast on December 31 and may even exercise their right to convert debt into equity. MUMBAI: Banks will meet this week to explore the possibility of convincing other dominant industry players to step in to bail out RCom after its…
Lenders to Anil Dhirubhai Ambani Groups (ADAG) flagship company Reliance Communications Ltd. will treat insolvency as a last option, three people close to the development have confirmed. Instead, lenders in the RCom case would prefer that the company complete the sale of a majority stake in its tower business to Canadian investor Brookfield Asset Management…
The saying goes: Theres no point crying over spilt milk. But what about when your company is facing a restructure? In our experience, a restructure is a breeding ground for chaos if you dont take charge. Here we examine some of the challenges you might face. Expect the unexpected Weve seen first-hand the challenges that seem…
TEL AVIV, Oct 3 (Reuters) – UK hedge fund Lansdowne Partners Chairman Stuart Roden said on Tuesday he plans to invest in Iceland assets once the country opens up to investment, citing a tourism boom and high exposure to high-tech growth in Europe. Roden also said he was upbeat on Lufthansa given reduced capacity by…