Lenders to Amtek Auto on Wednesday asked the National Company Law Tribunal (NCLT) to restart the resolution process for the company as the lone bidder Liberty House failed to make any payment. The lenders have also asked for exclusion of the period Liberty House spent in considering the bid while…
NEW HYDE PARK, N.Y.–(BUSINESS WIRE)–Kimco Realty Corp. (NYSE:KIM) announced today transaction activity for the fourth quarter and full year 2018. 2018 Activity: During the fourth quarter of 2018, Kimco sold 16 properties and two land parcels totaling 1.9 million square feet for $357.1 million. Kimcos share of the sales price was $228.4 million. For the…
By Paul Kibuuka When a company borrows money from a bank, the financial institution typically takes security over assets of the firm to guarantee payment. And regardless of the macroeconomic landscape in Tanzania, if the company fails to honour the terms of the loan or experiences financial difficulties, the bank with the security of a…
WESTPORK has positioned itself as the biggest player in the WA pork market for years to come after taking over GD Pork operations in West Pinjarra and Kojonup. The company will hold a 45 per cent share of the market producing about 7000 pigs per week or 364,000 per year. The Danish-owned GD Pork was…
Torrent Pharmaceuticals Limited issued a voluntary recall for Losartan potassium tablets USP due to an unexpected impurity. They are now expanding that recall to a total of 10 lots. The recall says “Torrent is only recalling lots of losartan-containing products that contain N-nitrosodiethylamine (NDEA) above the acceptable daily intake levels released by the FDA.” NDEA…
To the outside world, Lewis Keogh seemed to have it all. Good looks, charm and an easy smile. A well-paid job, a company BMW and a smart flat. And, most importantly, friends and family who thought he was a diamond, one in a million. Lewis Keogh with his niece Mia. But, away from work…
Douglas Fraser Business/economy editor, Scotland 4 January 2019 Health Environmental Services has stopped trading, unable to access its remaining funds, with workers fired. Scots law on company insolvency has led to an impasse, where it may prove impossible for creditors to place the firm in administration. The company boss battles on, trying to find a…
MUMBAI: Bharti Airtel has accused bankrupt Aircel, which is trying to recover its dues from Indias No. 2 telco, of working towards benefitting its financial lenders at the cost of operational creditors. Aircel entities or their resolution professional are seeking to enlarge the scope of their legal appeal, possibly with a view to take illegal…
For the first time since 1997, the coming of a new year has introduced an entire library of culture into the public domain in the U.S. Public Domain Days used to be an annual event until 1998, when a new law named after Sonny Bono suddenly extended copyright protections by 20 years. Now, under U.S.…
You cant miss your flight if it never shows up something Primera Air flyers experienced when the airline announced bankruptcy on October 1, leaving ticket holders stranded at the airport, many of which were awaiting trans-Atlantic flights. One woman at the Washington Dulles International Airport told the New York Times that she was awaiting a…