Eleven thermal power enterprises based in Southwest China’s Sichuan Province are turning to government amid a debt crisis, according to a domestic media report on Monday. On August 7, the companies approached officials of the Sichuan Provincial Development and Reform Commission, the provincial energy supervision office and the Sichuan Energy Bureau to ask for help,…
With reference to the subject cited, the board meeting of the Company for consideration of un-audited financial results and fixation of day, date, time and venue of the Annual General Meeting which was scheduled to be held on 14.08.2018 has been postponed in view of the National Company Law Tribunal, Hyderabad Bench vide Orders dated…
We wish to inform you that Vardhman Industries Limited which is under Corporate Insolvency Resolution Process invited Expression of Interest for the Submission of Resolution Plan as per the provision of Insolvency and Bankruptcy Code, 2016. In response to the Expression of Interest, JSW Steels Limited had submitted its Resolution Plan which has been unanimously…
A creditors meeting, managed by Ferrier Hodgson Partners Martin Lewis and Tim Mableson,was arranged for August 16, 2018. The announcement impacts several of York’s infrastructure projects across the country but Mr Lewis said arrangements had been made with the respective joint venture partners to keep work going on the Matagarup pedestrian bridge and two other…
The decline of the unemployment rate is starting to be a big topic nowadays and National Debt Relief aims to help people understand it better. The article titled “Is The US Headed Towards An Unemployment Low?” released August 8, 2018, gives consumers an idea on what a low unemployment rate can mean for businesses and…
Hundreds of jobs have been lost across Australia after Adelaide-based construction firm York Civil closed, just a week after being placed into voluntary administration. The company’s administrator, Ferrier Hodgson, told employees and contractors of the decision this morning. It said the company had ceased operations immediately because they haven’t been able to find a buyer…
Construction and engineering company York Civil has ceased trading, leaving 188 employees out of work. The company told employees and contractors on Monday morning. A creditors meeting will be held on Thursday. York Civil employed 136 workers in Adelaide, 31 in NSW, 18 in Western Australia and three in Queensland. In a statement, administrator…
One MP said he continued to back the certainty offered by the National Energy Guarantee. Fairfax Media understands Mr Sims made it clear to the Nationals party room that one of the 56 recommendations in the regulators pricing report in June should not be described as underwriting coal or favouring coal-fired power stations. Instead, Mr…
Dear Lifehacker, I keep seeing certain types of debt (mortgages, student loans) referred to as “good” debt, whereas other types (credit card debt, for example) are referred to as “bad” debt. What does that mean? What makes a certain type of debt “good” and another type “bad?”
A South Australian construction company involved in major infrastructure projects around Australia will stop trading immediately. York Civil recently went into voluntary administration but because of insufficient cash resources and the inability to secure its sale, the company has ceased operating, administrator Martin Lewis said on Monday. Employees and contractors were informed of the decision…