WASHINGTON Chinese President Xi Jinping promised Monday to cancel debt for some of Africas least-developed countries. Erasing debt tied to interest-free loans has long been a part of Chinas policies in Africa. But the announcement, made at Xis opening speech at the 2018 Forum on China-Africa Cooperation, or FOCAC, comes amid growing concern over…
Executives whose pensions were slashed after an UK industry lifeboat fund took over payment of their company benefits are to receive an income boost following a landmark European Court ruling. On Thursday, the European Court of Justice upheld a challenge lodged by a UK pensioner whose retirement income was cut by two-thirds when his company…
When Andrew Fastow, the former chief financial officer of Enron, finishes a public-speaking gig these days, a dozen or so people from the audience are typically waiting to talk to him. Some ask about his role in the scandal that brought down the energy company. Others want to know about his six years in prison.…
By David Hargreaves They are young, footloose, fancy-free…and broke. The latest credit figures from illion (formerly Dun & Bradstreet) have shown a sharp rise in the number of people under 25 in this country filing for bankruptcy. And it’s a rise that is occurring at a time when the overall bankruptcy figures are falling. According…
Honble NCLT, Ahmedabad Bench, vide order no. 137/7/NCLT/AHM/2018 dated 24.08.2018 has initiated Corporate Insolvency Resolution Process (CIRP) against the Corporate Debtor Diamond Power Infrastructure Limited. Vide the same order, Ramchandra Dallaram Choudhary, has been appointed as Interim Resolution Professional for the said Corporate Debtor. Pdf Link: Diamond Power Infrastructure Limited – Intimation of Corporate Insolvency…
With more than $30 million in debt and owning little more than a house, two old cars and a stray cat, former Olathe home builder and banker Donald H. Bell Sr. has declared bankruptcy. Bell and his wife, Faith, had built Don Bell Homes in Olathe into one of Johnson Countys most prolific builders in…
TBL (UK) Ltd (TBL) was incorporated in March 2016 and traded as UK Business Locator, a derivative of its business directory: www.ukbusinesslocator.com. However, TBL shared a common director and continued similar business to that previously carried out by a linked company, Movette Ltd (Movette), which was wound up on 28 July 2017 on the grounds…
The rate of personal insolvencies in Herefordshire has increased by more than a third over the last two years, official data has revealed. In 2015, 16.8 adults per 10,000 were declared insolvent in Herefordshire, according to Insolvency Service figures. However by 2017 that figure had risen to 22.6, an increase of 34.5%. Insolvency is when…
After an ordinance brought home buyers under the hood of financial creditors, a financial creditor has moved the National Company Law Tribunal (NCLT) to have the corporate insolvency resolution proceeding initiated against a builder who failed to handover possession of a residential flat in an upcoming apartment complex but also failed to refund the money…
Sigma Healthcare shares have slumped after the pharmaceuticals supplier revealed a slump of more than 50 per cent in first-half profit to $13.4 million. Sigma, which owns pharmacy brands Amcal, Guardian, Discount Drug Store, and Chemist King, said the 51.8 per cent fall was partly due to $6.1 million of restructuring costs following the loss…