Dear Sir / Madam, In addition to our earlier disclosure made on 02nd May 2018, 11th May 2018, 20th June 2018, 12th July 2018 and 27th July 2018, we would like to inform you that the Honble National Company Law Tribunal, Ahmedabad Bench (NCLT) in the matter IA 139 of 2018 in CP 53 of…
Of the 40 largest NPA accounts sent to various National Company Law Tribunals (NCLTs) since last July, which together constitute around 40 percent of over Rs 11 trillion worth of bad loans, only seven had been resolved so far, where the banks took an average haircut of over 60 percent since some accounts such as…
KATIE Price and Mel B are apparently teetering on the brink of bankruptcy but theyre not the only super-rich celebs who have faced financial problems. The Sun has taken a look at some of the ones who went broke and a couple who came very close. Toni Braxton Was worth: $13 million How she blew…
Kristen Davis believes she did everything she could to get through college without racking up mounds of student loan debt. She got good grades in high school, earning her a generous scholarship to Oakland University. It wasnt the full ride, but it was the second-highest scholarship that Oakland offers, Davis said. She always had a…
NewsWritten by Tom Williams on August 20, 2018 A touring company of which producer Alison Wonderland (real name Alexandra Sholler) is a major stakeholder is in the process of being liquidated, after owing over $776,000 to suppliers following Wonderlands 2017 Scarehouse Project tour. Wonderland Touring Pty Ltd of which Wonderland is a 50 per cent…
The main contractor of M+, the West Kowloon Cultural Districts contemporary art museum, was fired by the government-appointed management authority on Friday due to alleged insolvency. In a press statement, the West Kowloon Cultural District Authority (WKCDA) said it has terminated its contract with Hsin Chong Construction Company Limited over the troubled project. Hsin Chong was…
FILE PHOTO: Noble Group founder and Chairman Richard Elman poses at his office in Hong Kong Thomson Reuters SINGAPORE/BENGALURU (Reuters) – Embattled commodity trader Noble Group Ltd said on Monday that its founder, Richard Elman, will not take up a previously announced position as an executive director in the restructured company, citing “personal reasons”. Once…
DJ Alison Wonderlands touring company has gone into liquidation with an estimated $776,000 owed to Australian and New Zealander creditors, documents show. Wonderland Touring Pty Ltd., which threw 2017s massive Wonderland Scarehouse Project warehouse tour, was put into liquidation in late June after failing to pay its creditors. Despite a strong showing in Sydney, Melbourne,…
Poor performance in its veterinary business and a myriad of exceptional costs have drained Greencross’ (ASX: GXL) profits in FY18. The pet product retailer and veterinary specialist realised $24.2 million worth of impairments across areas including projects, investments, store assets and provisions. In the second half alone, Greencross paid $22.6 million in…
McGraths full year revenue was down 23% to $99.2 million. A $63.1 million after tax loss. The real estate market is challenging but the company says it has started its turnaround. McGrath posted a $63.1 million after tax loss, hit by difficult market conditions, lower sales, and the departure of some of the real estate…