news, local-news, Waggas branch of the Napoleon Perdis makeup store chain has beenpermanently closedabout a week after its parent company went into voluntary administration. An unknown number of employees have lost their jobs and the payout of entitlements will depend on votes by the chains creditors. The citys Wagga Marketplace store, which was temporarilyshuton Thursday…
Popular on social media Billions of dollars have been stolen from Ukrainians through various abuses of the banking system over the past decade, and many of the crooks remain unpunished, according to a Feb. 4 press release by the Deposit Guarantee Fund of Ukraine. Citing one example, the fund, the state body responsible for overseeing…
In the U.S., higher education is treated like a necessity but priced like a luxury. Financial aid isnt always enough to ensure that students can make it through college without taking out loans. But students across the country are finding unique and creative ways to ease the burden of tuition costs. One of these ways…
City-based Bafna Pharmaceuticals today announced that Chennai bench of National Company Law Tribunal (NCLT) has approved the resolution plan submitted by the company under corporate insolvency resolution process. In an exchange filing, the company said the Chenai bench of the tribunal, by its order dated February 1, 2019, has approved the resolution plan submitted by…
For more than a year, in order to secure ongoing funding, there has been an urgent need to provide the local and global financial communities with assurances that there is a credible Eskom recovery plan in place that is supported by government and the treasury. To this end, Eskom presented a long-awaited turnaround plan and…
MUMBAI: A two judge bench of the Mumbai national company law tribunal (NCLT) has ordered the liquidation of the apparel maker Reid & Taylor (R&T) after none of the suitors to the company were able to garner the required funding guarantees to validate their interest in the company. In a ruling on Tuesday judges Bhaskar…
The German civil aviation authority Luftfahrt-Bundesamt today revoked the operating license of Germania Fluggesellschaft after the company filed for insolvency and ceased flight operations in the night between February 4 and February 5. The Berlin-based leisure carrier blamed unforeseeable events such as the increases in fuel prices last summer and the simultaneous weakening of the…
The average household debt is creeping towards 59,000. Per adult, the typical amount we owe is increasing by almost 900 a year. And when the credit runs out or the repayments fail, the house of cards can quickly come crashing down. … Read the full article at: https://www.independent.co.uk/money/spend-save/insolvency-guide-facts-risks-personal-finances-credit-debt-mortgage-a8757716.html
The Financial Conduct Authority (FCA) introduced a deadline of 29 August 2019 for making PPI claims. The Official Receiver is seeking to claim outstanding PPI awards available in bankruptcy estates to ensure creditors receive assets owed. Information for creditors If you are a creditor in a bankrupts estate, the Official Receiver will contact you if…
We refer to the ongoing CIRP of the company by which the Resolution Professional Mr. Radhakrishnan Dharmarajan, submitted the Resolution Plan approved by the COC (Meeting dated 04.01.2019) to the NCLT Chennai on 17.01.2019 for approval. We are pleased to announce that the Honorable NCLT Chennai Bench by its order dated 1st Feb 2019 (…