TNN | Jan 12, 2018, 01:30 IST Hyderabad: Beleaguered Hyderabad-based infra player IVRCL Ltd on Thursday informed the bourses that its lender State Bank of India had initiated corporate insolvency proceedings against the company under the Insolvency and Bankruptcy Code 2016 (IBC). The company said SBI had initiated Corporate Insolvency Resolution Process (CIRP) against the…
National Company Law Tribunal’s Kolkata chapter has ordered liquidation of Gujarat NRE Coke, a company that failed to resolve the Rs. 4,900 crore default case. But, there is twist! For the first time under Insolvency and Bankruptcy Code, the dedicated bankruptcy court has mandated to liquidate the company as an “on-going concern”, which is aimed…
Tyler Angle, CPA and President, Angle Homes Inc. Originally Published: January 11, 2018 5:59 a.m. My family moved here 28 years ago. I was 5. Having never been to Kingman before, I remember not being fond of the idea to move to a new place. Upon arriving, my attitude quickly changed as I…
Financial Supervision Commission/All rights reserved. SOFIA (Bulgaria), January 11 (SeeNews) – Bulgaria’s financial regulator said it has delisted engineering, construction and energy group Enemona [BUL:E4A] from the register of public companies due to a court decision declaring the company insolvent. The regulator has decided to remove the company’s shares [BUL:E4A], preferred shares [BUL:E4AP] and warrants…
Tyler Angle, CPA and President, Angle Homes Inc. Originally Published: January 11, 2018 5:59 a.m. My family moved here 28 years ago. I was 5. Having never been to Kingman before, I remember not being fond of the idea to move to a new place. Upon arriving, my attitude quickly changed as I…
A workforce management company that holds contracts with Telstra, Foxtel and NBN co is being accused of exploiting young trainees overwhelmed by debt and distress. In just seven years, Tandem Corporation has grown to become one of the country’s largest private firms, with an annual turnover of $600 million. If you’ve recently had help…
The Lusaka High Court has declared the Post Newspaper in liquidation insolvent. High Court Judge Sunday Nkonde has ruled that the liabilities of the Post Newspapers in Liquidation exceed the values of its assets. As a result of this the company is unable to pay its debt, reads part of the Consent Judgement by Judge…
Hainan Airlines Holding, the Shanghai-listed unit of debt-ridden HNA Group, said it is making plans that may involve a major asset restructuring, adding uncertainty to the outlook for its parent. Shares of Hainan Airlines were suspended from trading on Wednesday, at the request of the company pending an announcement. The suspension come one day after…
By Martin A. Sadongdong Three Chinese were arrested by the Parañaque City police for allegedly kidnapping and mauling a Taiwanese in a hotel in Parañaque last Jan. 7. Senior Supt. Victor Rosete, Parañaque police chief, identified the suspects as Zhao Xu, 29; Cai Xing Bao, 29; and Tia Xao Lin, 30. The suspects were…
Kidnapping suspects (not in order) Zhao Xu, 29 years old, Cai Xing Bao, 29 years old, Tia Xao Lin, 30 years old wait in handcuffs as they are presented to media at the Parañaque Police Station on Wednesday, January 10, 2017. The 3 suspects are arrested for alleged serious illegal detention and physical injuries of…