North East England has retained its unwanted place at the top of the national table for personal insolvency for the tenth successive year. According to the latest annual figures from the Insolvency Service, there were 27.2 individual insolvencies per 10,000 people in the region in 2017, which are comprised of bankruptcies, Debt Relief Orders (DROs)…
Moneycontrol News The Corporate Affairs Ministry is planning to set up eight special courts under the National Company Law Tribunal (NCLT) to deal with insolvency cases, according to a report by Business Standard. “These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad,” a senior ministry official was quoted as saying. Three courts will be…
GARDENA, Calif., Aug. 6, 2018 /PRNewswire/ — National Stores, Inc. (“National Stores” or the “Company”) announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware…
Debt capital funding is set to arrive in Australia for startup companies that cannot presently gain the advantages seen in flourishing development spaces such as Silicon Valley. The debt venture capital (VC) scene in the US is particularly healthy, and funding access from companies such as Silicon Valley Bank and Hercules Capital have allowed many…
Industry consolidation, economic pressures and a decline in orders from within the food trade are understood to have been major contributory factors leading to the failure of Austrian fruit and vegetable wholesaler Zeilberger fruit-service, which was declared bankrupt last week. Zeilberger, which runs a packaging and distribution facility alongside its head office in the northern…
WASHINGTON President Donald Trump tweeted Sunday morning that his tariffs are “working big time” and made a bizarre claim that the money raised from these new import taxes will go a long way to helping pay down America’s large debt. (Short answer: That’s not what will happen). Trump portrays the tariffs as a tax on…
Sir Clive Sinclair’s company has accused flailing ZX Spectrum reboot firm Retro Computers Ltd of trading while insolvent. Meanwhile, the firm has delivered some consoles and been stripped of the brand rights to its flagship product. Last week some customers of Retro Computers Ltd reported on social media that they had received samples of the…
PUBLISHED: 12:00 06 August 2018 Laura Brainwood New figures show a significant rise in personal insolvency in East Devon. Picture: Getty Images This content is subject to copyright. The Citizens Advice … Read the full article at: http://www.exmouthjournal.co.uk/news/rise-in-east-devon-personal-insolvency-1-5634740
Pursuant to sub-clause 16 (g) of clause A in Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that 1st Meeting of Committee of Creditors was held on 30th July, 2018 to discuss the agenda items stated in the notice…
The court case in the USA relating to collapsed broker Beaufort Securities has seen one of the defendants plead guilty to a money laundering conspiracy. Arvinsingh Vinesh Canaye, a Mauritian citizen and general manager of Beaufort Management, an offshore company connected with Beaufort Securities, has pleaded guilty according to The Times. Canaye was one of…