If glitzy ads and the scent of evergreens entice you to choose debt when you mean to choose joy, your holiday may already be haunted by the Ghost of Christmas Yet to Come. Twenty-eight percent of shoppers who used credit cards to pay for last years holidays are still paying for them. Think about how…
The Kolkata Bench of the National Company Law Tribunal (NCLT) has directed initiation of corporate insolvency resolution process (CIRP) against Eastern Coalfields Ltd (ECL), a subsidiary of Coal India. The NCLT admitted the insolvency petition filed by Gulf Oil Lubricants India Ltd against ECL, which allegedly refused to pay the interest on debt outstanding towards…
Personal debt relief pushed, forgiveness to be offered Dec 22,2018 The government is going all out to ease the debt burdens on lower-income households as a part of its inclusive-finance policies, especially since the challenges faced by these households are expected to increase with the recent rise in the benchmark interest rate…
Disclosure under Regulation 30(2) and Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 concerning “LIST OF CREDITORS” of Ortel Communications Limited as required under Regulation 13(2) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Pdf Link: Ortel Communications Ltd –…
Danish insurer Qudos, which fell into liquidation last month, has been declared bankrupt by a court in Denmark. As a result, the danish Guarantee Fund will now be expected to cover the costs of outstanding claims for the company. Qudos has over 51,000 customers in Ireland,Irelands Insurance Compensation Fund could have been forced to pay…
Edcon Holdings Ltd said lenders extended waivers to give the debt-laden South African retailer time to implement a recapitalisation plan that was approved by its board. The restructuring and recapitalisation of Edcon has passed its next hurdle, chief executive officer Grant Pattison said in an emailed statement on Friday. This will allow sufficient time for…
The Danish Maritime and Commercial High Court has officially declared the bankruptcy of Qudos Insurance. Following this development, the non-life insurer whose operations were not only in Denmark but also in France, Germany, Greece, Ireland, Italy, Malta, Norway, Sweden, and the UK is now part of the failed firms list provided by British compensation fund…
ABOUT400 employees, including those in Dubbo, are facing an uncertain Christmas after the national freight company Redstar Transport Pty Ltdwas placed in liquidation. Redstar Transport has offices in Dubbo, Melbourne, Sydney, Brisbane, Adelaide and Perth. A callto the Redstar office in Dubbo for a comment wasntanswered, but it is believed that the Dubbo office employs…
Aidan Mark Newman, aged 47 and from Woking, was the sole director of Montrose Design & Build Limited, a company that was incorporated in February 2015 and carried out residential building work. After only two years, Montrose Design & Build struggled to be profitable and had to cease trading before entering into creditors voluntary liquidation…
ABOUT400 employees, including those in Dubbo, are facing an uncertain Christmas after the national freight company Redstar Transport Pty Ltdwas placed in liquidation. Redstar Transport has offices in Dubbo, Melbourne, Sydney, Brisbane, Adelaide and Perth. A callto the Redstar office in Dubbo for a comment wasntanswered, but it is believed that the Dubbo office employs…