Billionaire T Ananda Krishnans Aircel Ltd. is poised to file for bankruptcy protection from creditors, people with knowledge of the matter said, which would make the phone operator the latest casualty in Indias campaign to go after delinquent borrowers. The unit of Krishnans Maxis Communications Bhd. will submit the request to the National Company Law Tribunal…
About 70 creditors, many from the Peel region, are claiming to be owed money by a Mirabooka building company that has been placed in the hands of liquidators. Cole Building Pty Ltd, trading under the name Colista Homes, was entrusted to administrator Steven Kugel of The Insolvency Experts on January 31. The shareholders placed the company into…
About 70 creditors, many from the Peel region, are claiming to be owed money by a Mirabooka building company that has been placed in the hands of liquidators. Cole Building Pty Ltd, trading under the name Colista Homes, was entrusted to administrator Steven Kugel of The Insolvency Experts on January 31. The shareholders placed the company into…
Lenders have chosen a consortium led by Dalmia Bharat to take over Binani Cement, despite a close bid by the Aditya Birla groups UltraTech. Dalmia had offered Rs 63.5 billion for Binani Cement, while UltraTech’s financial offer was a tad lower. The lenders meeting was held in Mumbai on Tuesday. This will be the…
By Clive Jie-A-Joen and Rhys Bane February 27, 2018, 11:55 AM EST Law360 (February 27, 2018, 11:55 AM EST) — On Oct. 27, 2017, a decision[1] by the Court of Zeeland-West-Brabant in the Netherlands regarding a high-stakes Dutch business restructuring case was published. The case provides some clarity on the transfer pricing implications of business…
Illinois government is a culture of corruption Its hard not to find a state that is steeped in corruption, but few come close to Illinois. Ten Chicago city aldermen, seven municipal officials or workers, five state officials, five former governors and seven Congressmen have been censured, charged, impeached, forced to resign or imprisoned for corruptionboth…
Australia’s largest private hospital operator, Ramsay Health Care, said its first-half net profit fell, hurt by major restructuring at its French operations, that includes job cuts over three years. Net profit fell 3.7 per cent to $246.5 million in the six months ended December 31 from $255.9 million in the year-earlier period. Core net profit rose 7.5…
Leicestershire, UK – Most of the world is in some sort of debt. Unfortunately, many individuals are having a hard time paying off their debt, causing the situation to only get worse. Increasing debt can be intimidating, and for many individuals strapped with debt, it can start to feel like there is no way out.…
SUBCONTRACTORS and new home clients are counting the costs after another Gold Coast builder collapsed this week. Future Urban Residential, a Varsity Lakes-based business, went into liquidation late on Monday, leaving homes unfinished and subbies bills unpaid. The Queensland Building and Construction Commission is investigating the collapse and has referred the case to Federal regulator…
A QUEENSLAND owned and operated organic retailer has gone into liquidation, owing $2.8 million to more than 200 creditors. Wray Organic Pty Ltd, which operates stores under the Wray Organic banner in Toowoomba, Ipswich, and Newmarket, was established by owner Deborah Wray and her partner Gary Davis at Palm Beach on the Gold Coast in…