Caffeine and napping have something in common. Both make you feel alert and can enhance your performance, whether thats driving, working, or studying. But some people are convinced that drinking a coffee before a nap gives you an extra zap of energy when you wake up. How could that be? Is there any evidence to…
The recent amendment in the Insolvency and Bankruptcy Code 2016 (IBC) has created a special status for the homebuyers as financial creditors with effect from 6 June 2018. The amendment was brought into force at a pivotal junction when the ongoing litigations in projects by Jaypee Infratech and Unitech brought to limelight the hapless situation…
Palmali, one of the biggest players in Russias river-to-sea cargo market, plans to appeal against a court decision declaring its Russian business bankrupt and effectively handing its fleet over to Sberbank, the shipping firms owner said. Last month, a court in Rostov-on-Don in southern Russia declared the Palmali unit bankrupt. The unit owes $180 million…
NEW YORK Embattled commodity trader Noble Group is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process. In a brief court hearing last Friday, the judge called the company insolvent and allowed a court-appointed officer to oversee…
Liam Kelly The king of good times Vijay Mallya is resisting extradition to India on fraud chargesPUNIT PARANJPE The Indian beer, airline and Formula One boss known as the king of good times faces bankruptcy proceedings in a London court and a separate attempt to force the sale of his sons luxury yacht. The State…
(The Company is under Corporate Insolvency Resolution Process vide order of NCLT dated 31st August, 2017) BSE LISTING CENTRE Dear Sir,Sub : Liquidation approved by Committee of Creditors As already informed you that Corporate Debtor i.e. ANG Industries is undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016 (IBC) vide order…
Embattled commodity trader Noble Group Ltd. is on track to complete its mammoth restructuring deal after a Bermuda court approved an officer to carry out the plan, using a local kind of insolvency process. In a brief court hearing Friday, the judge called the company insolvent and allowed a court-appointed officer to oversee the restructuring.…
SAUL LOEB / Getty Images The Department of Education (DOE), complying with a federal judges ruling,announced a massive victory for students victimized by now-closed for-profit colleges: their loans will be canceled. Around 15,000 students will have an estimated $150 million in debt erased. The students granted forgiveness are those who were attended for-profit schools that…
The new year is about to start and National Debt Relief aims to help people put together their financial resolutions for the year. The article titled “Financial Resolutions 5 You Need to Make for 2019” released December 14, 2018, gives consumers an idea on some of the best things they can aim to improve on…