In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has…
New Delhi: Lenders to Jaypee Infratech the Jaypee Group firm whose cash crunch is holding up completion of nearly 32,000 flats in Noida are in disagreement with the way the company’s lead bank IDBI and its chairman Manoj Gaur have handled “certain affairs”. Several bankers to the company TOI spoke to pointed out that IDBI…
The case was listed for hearing last week and will be heard again on November 16, according to the Mumbai NCLTs cause list. Aditya Birla group company UltraTech Cement has filed an insolvency petition against HCCs Lavasa Corporation at the Mumbai bench of the National Company Law Tribunal (NCLT) under the Insolvency and Bankruptcy Code…
By Dominic Lawson for the Daily Mail Published: 11:13 +11:00, 9 October 2017 | Updated: 11:13 +11:00, 9 October 2017 e-mail View comments A sinister ditty by the long-retired American satirical songwriter Tom Lehrer flashed into my mind yesterday morning. The song, called The Old Dope Peddler, contains the following verse: ‘He gives the kids…
by Guy Chazan Wolfgang Schäuble has warned that spiralling levels of global debt and liquidity present a major risk to the world economy, in his parting shot as Germany’s finance minister. In an interview with the Financial Times, the Europhile who has steered one of the world’s largest economies for the past eight years said there…
FRANKSTONs return to the VFL competition has gathered steam with the club appointing Adam Skrobalak as its senior coach for 2018. Foxfooty.com.au understands the Dolphins will officially unveil Skrobalak as early as Monday afternoon. Skrobalak will combine his full-time role as St Kilda Football Clubs ruck coach with his Frankston responsibilities. This unique mix will…
The 49-year-old former tennis ace was previously declared bankrupt in June and is rumoured to be £54 million in debt, a figure which his lawyers have stated they “vehemently deny”. Now, The Sun states that Boris will accept a staggering £500,000 pay check to go into the jungle for this year’s I’m A Celebrity… Get…
MUMBAI: Lenders to GTL Infrastructure declined to share information about the company in an effort to block a Reliance Capital arm from bidding for the telecom tower company. GTL Infra, where lenders currently own a majority, is running a sale process as part of a strategic debt restructuring exercise. After a decision to deny the…
Parliament will resume on October 16, when the Senate will consider the governments proposed changes to higher education. There has been a lot of discussion about many of the changes, but little about the impact of the proposed change to HELP repayments. Here are five things Senators should know. 1. The HELP repayment threshold will…
Phil Ivey isnt the only one battling the Borgata in civil court. According to New Jersey court filings on Monday, former Washington Redskins running back Clinton Portis will be forced to stand trial December 6 for a $170,000 gambling debt hes owed Atlantic Citys Borgata Hotel and Casino since 2011. Former NFL star Clinton Portis…