The Supreme Court of India on 25 January 2019 dismissed a challenge to the constitutional validity of the Insolvency and Bankruptcy Code, 2016, and has observed that the economic experiment conducted by means of the enactment of the code is proving to be largely successful going by the large numbers of cases resolved by following…
Mera Chung had known for weeks that her 30-year career in retail was coming to an end. But Chung, a vice president of design for Crazy 8, a division of Gymboree Group Inc., wasnt prepared for what CEO Shaz Kahng andhuman resources chiefBridget Schickedanz would tell her late on a Wednesday afternoon in mid-January. They…
Debt Settlement Comprehensive Study by Type (Credit Card Debt, Student Loan Debt, Others), Application (Enterprise, Private, Government, Other) Players and Region – Global Market Outlook to 2024 This press release was orginally distributed by SBWire Edison, NJ — (SBWIRE) — 03/25/2019 — Debt Settlement is also called as debt arbitration, debt negotiation, or credit settlement.…
A financial fund is objecting to a proposed personal insolvency arrangement under which a businessman would secure a 70m write-off of debt. Conor Clarkson of Cainfort, Enniskerry Road, Stepaside, Dublin 18 is seeking to have his PIA approved by the High Court. Promontoria (Arrow) Ltd, which says it is owed 64 million by the debtor,…
Last week, the news of Oracle laying off a huge number of employees as a part of its organizational restructuring came as a shock. The reason behind this layoff round was not clear, while some said that this was done to save money, some others said that people working on a legacy product were let…
A majority of corporate insolvency cases have been resolved and the focus is now on resolving personal insolvency, Corporate Affairs Secretary Injeti Srinivas said on Monday. Commendable speed The speed at which the cases have been disposed [of] by the NCLT [National Company Law Tribunal] has been commendable, Mr. Srinivas said, speaking at a national…
The founder of Indias struggling Jet Airways is to step down as chairman as part of a debt restructuring plan agreed with its lenders. Naresh Goyal, a former travel agent who founded Jet in 1992 and built it into Indias largest international airline, will also leave the board as part of a resolution plan that…
From: Employment and Social Development Canada March 25, 2019 Qubec, Qubec Employment and Social Development Canada Over the course of their lives, seniors have made tremendous contributions to their communities right across Canadaand carry with them a wealth of knowledge, experience and skills they can continue to contribute today. Today, the Honourable Jean-Yves Duclos, Minister…
New Delhi, Mar 25 As many as 12,000 cases have been filed since the implementation of the insolvency law and setting of National Company Law Tribunal (NCLT), a senior government official said Monday. Asserting that the Insolvency and Bankruptcy Code (IBC) should be the last resort, Corporate Affairs Secretary Injeti Srinivas said the NCLT has…
JINHUA, China, March 25, 2019 (GLOBE NEWSWIRE) — Kandi Technologies Group, Inc. (the Company, we or Kandi) (NASDAQ GS: KNDI), announced today that Kandis wholly-owned subsidiary, Zhejiang Kandi Vehicles Co., Ltd. (“Kandi Vehicles”) signed an Equity Transfer Agreement (the Transfer Agreement) on March 21, 2019 with Geely Technologies Group Co., Ltd. (Geely) to transfer certain…