New Delhi: Ultra Homes an Amrapali Group company has gone in for insolvency resolution. Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed…
(RTTNews) – NeoPhotonics Corp. (NPTN), a manufacturer of optoelectronic solutions, on Thursday announced certain restructuring actions, including job cuts. The move is part of its continuing actions to improve profitability and cash flow. Citing the restructuring charges and weak demand in China, the company trimmed its forecast for third quarter. In pre-market activity, NeoPhotonics shares…
Former NFL star Clinton Portis and Atlantic Citys largest brick-and-mortar casino are scheduled to go to trial in December over gambling debt he racked up in 2011, according to court documents filed Monday. The Borgata casino says that Portis owes it $170,000 from the gambling sessions. Portis filed for bankruptcy in 2015, but the casino…
Forensic accountant Abigail Cheadle restructured foreign debt for the Soviet Union and Iraq and helped save Indonesian banks and Thai finance companies during the Asia economic crisis. Now the 45-year-old chartered accountant wants to turn around ailing online surf and skate wear retailer SurfStitch. Ms Cheadle has outed herself as the SurfStitch non-executive director who…
The latest quarterly insolvency statistics published today by Deloitte show that the number of corporate insolvencies has fallen by 14% in 2017 compared to the same period in 2016. So far in 2017 there have been 657 corporate insolvencies, compared to 765 in the same period in 2016. Of the 657 corporate insolvencies, creditors…
LAS VEGAS, NV–(Marketwired – Oct 5, 2017) – Momentous Entertainment Group, Inc. (“Momentous”) (OTC PINK: MMEG), an online social media network company vertically organized into four business areas: social networking, social gaming, ecommerce consumer products and services, and OTT streaming media content creation and distribution, announced today that Poolworks, Germany (a wholly owned subsidiary of…
By Ann O’Loughlin A debtor cannot seek a court review of a rejection of their proposed personal insolvency arrangement because the law requires any such review must be applied for by their Personal Insolvency Practitioner, the High Court has ruled. Ms Justice Marie Baker’s findings have implications for hundreds of cases which stand adjourned pending…
BORIS Becker is selling his Wimbledon trophies amid claims his debts have hit £44million. The BBC pundit, 49 three-time champ in the 1980s hopes his trio of silver gilt cups will net £1million. Splash News Boris Becker is claimed to have reached debts of £44million The move comes months after the German tennis legend, once…
Citrix Systems, Inc.CTXS has announced a restructuring program in a bid to expedite the transformation to a cloud-based subscription business, increase strategic focus as well as improve operational efficiency. The program will witness removal of some full-time positions and consolidation of facilities.. However, layoffs outside the United States will be subject to local law and…
Shutterstock photo (RTTNews.com) – NeoPhotonics Corp. ( NPTN ), a manufacturer of optoelectronic solutions, on Thursday announced certain restructuring actions, including job cuts. The move is part of its continuing actions to improve profitability and cash flow. Citing the restructuring charges and weak demand in China, the company trimmed its forecast for third…