KOLKATA | MUMBAI: The National Company Law Tribunals Kolkata bench has admitted the insolvency plea against power transmission company EMC, which has defaulted on payments to the tune of Rs 6,500 crore to banks and other creditors, two people familiar with the matter said. NCLT took action following a petition filed by operational creditors to…
AGL chief executive Brett Redman said these cuts should help consumers but more work needed to be done on energy affordability. Loading Weve listened to the concerns of our customers. Businesses, governments and regulators are taking action to bring prices down, despite many input costs going up, Mr Redman said. Clearly, theres more work that…
1820796 / Pixabay Gionee, a little-known smartphone maker in China, is on the verge of bankruptcy, and if media reports are to be believed, the chairmans gambling habit may have played a role in pushing the company towardbankruptcy. Gionee chairman admits to gambling The Chinese-language website Jiemian claimed recently that Gionee Chairman and founder Liu…
WASHINGTON Good news for kids in debt: the average parent would hand over $5,700 to help his child, without expecting to be paid back, according to a new CreditCards.com report. The amount bounces up to nearly $8,000 if the parents will be reimbursed. And 90 percent of parents said they would give their kids something…
By The Herald Editorial Board Betsy DeVos, secretary for the U.S. Department of Education, issued a dire warning Tuesday that student debt represented a looming crisis in higher education, as she spoke before a Federal Student Aid training conference in Atlanta. Without a doubt, student loan debt has reached a record level: $1.52 trillion among…
Dear Sir / Madam, We would like to inform you that meeting of the 08th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 04th December 2018 at 02.00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…
By Reuters 24 minutes agoUpdated 21 minutes ago MILAN, Nov 29 (Reuters) – Only three years after being declared bankrupt and demoted to the fourth tier of Italian football, a re-born Parma are on course to return to the European stage where they excelled in the 1990s. “, “size”:[ 970, 250 ], “partnerId”:”IndexExchangeHtb” } ],…
This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 5th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on November 20, 2018 to discuss the…