Boris Becker has denied that he is broke despite being declared bankrupt by a court in London and having claims against him for more than £50 million. The tennis champion, who won six grand-slam tournaments, told a Swiss newspaper that he had sufficient funds and sponsorship deals to pay his way. Becker, 49, once one…
BELGRADE (Serbia), November 6 (SeeNews) – Serbia’s government said agriculture minister Branislav Nedimovic has initiated talks with Indian companies Mahindra, Amalgamations Group and Sonalika on the privatisation of state-owned insolvent tractor maker Industrija Masina i Traktora (IMT). Nedimovic presented the opportunities for the production of tractors in Serbia to companies interested in the sector during an official…
Article Tools PPL Electric Utilities plans a corporate restructuring, but its not what you might think, the company says. In a filing with state regulators, Allentown-based PPL Electric wants to create two new holding companies to make it easier to move cash among its subsidiaries. The move, which is subject to regulatory approvals, will not…
WITHIN a three month period eight local businesses announced they were bankrupt or they were unable to pay their debts. According to the latest personal insolvency statistics released by the Australian Financial Security Authority, the total number of those in Coffs Harbour entering debt between July and September this year was 30. A total of…
The Delhi bench of the National Company Law Tribunal admitted an insolvency petition against a company for its failure to pay an employees dues on time in one of the first such cases under the new law. Nitin Gupta, a manager of the company, filed a plea under the Insolvency and Bankruptcy Code as an…