The tribunal rejected Era Infras objection that since several company petitions had been filed before the Delhi high court with a prayer for winding up the corporate debtor and were pending, no insolvency proceedings could proceed before the tribunal. Photo: iStockphoto New Delhi: The National Company Law Tribunal on Friday decided to move ahead with…
When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did not realise more than $1 million. Nathan Tinkler smashed the mid north coast record…
Late last year, amid a barrage of public debate and media attention, U.S. president Donald Trump signed into law what has been widely recognized as the most sweeping U.S. tax legislation in more than 30 years. The move sparked a phenomenon in which practically everyone was thinking, and talking, about taxes. A pervasive event such…
By Helen Oji With Agency Report Nigeria sold $2.5 billion of Eurobonds as it sought to lower funding costs by using the notes to refinance higher-yielding naira debt. Africa’s biggest economy on Thursday issued $1.25 billion of 12-year securities with a yield of 7.14 percent and a separate 20-year tranche, also $1.25 billion, at 7.7…
The RBA expects Australian economic growth to accelerate to above 3% over the next two years Westpac doesnt share that view, forecasting that it will stand at 2.5% over both years thanks largely to weakness in consumer spending Australias Q4 2017 GDP report will be released in early March Australian economic growth looks set to…
Monday 19 February 2018 Article by Tom Watson In a move aimed at improving consumer protection and addressing the nations mounting credit card debt, the federal parliament passed a suite of changes last week, including a ban which will stop banks and other providers from sending unsolicited card limit increase offers to their customers. From…
MUMBAI | HYDERABAD: Telecom company Aircel will shortly file for bankruptcy at the National Company Law Tribunal (NCLT) and its board has been dissolved ahead of the move, said two people aware of the matter. That will mark the demise of the last small mobile phone company, leaving just four main non-state ones soon to…
When the counting was completed in 2016 after he was officially declared bankrupt, Mr Tinklers debts came in at more than $540 million. His wealth was harder to determine, but assets in his name at the end of last year did not realise more than $1 million. Nathan Tinkler smashed the mid north coast record…
Westpacs subsidiary, St. George Bank, has released the new Rainbow Vertigo Classic and Platinum credit cards to support equality. Source: St. George Bank St. George Banks General Manager Ross Miller told Canstar the new cards will be available from 19 February 2018 and offer the same features as the current St. George Vertigo Classic and Vertigo…
Celebrity chef Jamie Oliver is reportedly considering selling the steak restaurant business he started in 2011, as part of an ongoing restructuring process that also involves the well-known Jamies Italian chain of restaurants. Last week, British newspaper The Sun reported the Jamies Italian chain was $125.9 million (£71.5 million) in debt and Olivers restaurant group…