Greek Finance Minister Euclid Tsakalotos presented to his colleagues Friday a growth plan that the Greek government will deliver after the end of the financial assistance in August an attempt to give creditors and markets a guarantee that the country will keep reforming the economy even without external help. He told CNBC about the specific…
For the company, the mandated 270-day deadline under the corporate insolvency resolution process (CIRP) will end on April 29. Adhunik Metaliks, the flagship of the Adhunik Group, could be staring at liquidation soon as no resolution plan for the insolvent company has been approved by its lenders till date. For the company, the mandated 270-day…
By Dr Nizar Kochery/Doha Question: We understand from external sources that one of our payment defaulters, a major international company based in Qatar for a project, is going to be in liquidation. How could we know about the liquidation? Is there any procedure for informing us? Please advise.SD, Doha Answer: According to Article 312 of…
SPV Operating, the Sydney-based company which runs the iconic Opera Kitchen restaurant has gone into voluntary administration, owing $6 million to employees, the tax office and creditors. The company, which operates the venue under on the lower concourse of the Sydney Opera House and is majority owned by David Wallace, is subject to a winding…
The National Company Law Tribunals Guwahati Bench has extended the last date for the corporate insolvency process for Assam Company (India) Ltd. to July 23, 2018. This is the first major tea company to face insolvency proceedings. Significantly, industry players have expressed apprehension that other tea companies may also face similar proceedings. ACIL has tea…
The Riga City Latgale District Court has ruled against taking in custody former insolvency administrator Maris Spruds, who together with three other people was detained on fraud suspicions on April 26. Speaking to the press after the court sitting, Spruds said he had not been told to appear before the prosecuting authority so apparently no…
Controversial Sydney businessman Salim Mehajer will return to court in June to continue a bid to have his bankruptcy annulled. A NSW judge on Thursday refused to grant an application for an interim order to “stay” the bankruptcy after Mehajer’s lawyer argued a previous hearing should have been adjourned while his client was in custody.…
Gov. Pete Ricketts smiles during an interview in his office (NTV News) LINCOLN, Neb. Two new studies show that Nebraska has the least state debt per capita and the lowest level of gambling addiction in the nation, and Governor Pete Ricketts praises Nebraska residents for working together to achieve the rankings. Financial responsibility is…
Controversial Sydney businessman Salim Mehajer will return to court in June to continue a bid to have his bankruptcy annulled. A NSW judge on Thursday refused to grant an application for an interim order to “stay” the bankruptcy after Mehajer’s lawyer argued a previous hearing should have been adjourned while his client was in custody.…
WFTV buys $1 million in medical debt to help Central Florida families Medical debt collection haunts one out of every five families in Central Florida. Collection agencies buy their debt for pennies on the dollar and demand payment in full. But now Channel 9 Eyewitness News is doing something about it. Action 9s Todd Ulrich decided to buy $1…