A forensic audit of 200 top companies by the Ministry of Corporate Affairs has detected irregularities to the tune of Rs 1 lakh crore, including diversion of funds. Most of these companies have been referred to insolvency and resolution proceedingsunder the Insolvency and Bankruptcy Code. Irregularities detected in some top companies point to the collapse…
Four of the UKs largest real estate investment trusts are heavily exposed to struggling retailers and CVAs, the rising insolvency trend which has become synonymous with the decline of the high street, UBS has warned. The analysis looked at the portfolios of four real estate investment trusts: British Land, Landsec, Hammerson, and Intu. Its findings…
Images via Ellery … Read the full article at: https://fashionjournal.com.au/fashion/kym-ellery-announces-she-will-close-the-australian-arm-of-her-business/
Heres my guide to the order you should repay your debts. Really awful debt This is the tooth decay of debt. Sure, the ads are cute but if you calculate the interest rate on pay day loans or convenient loans when youre caught short, such as Nimble, you could be paying interest as high as…
Problem gamblers burns over $382,000 in a single session She was continually egged on to continue playing, offered various bonuses The UKGC is investigating the case now An online casino player has lost 125,000 with LeoVegas and Casumo, claiming that the iGaming operators have purposefully overlooked her signs of addiction and proffered bonuses instead. A…
In January of 2013, Netflix Chief Content Officer Ted Sarandos astutely laid Netflixs content strategy on the table for all to see. The goal is to become HBO faster than HBO can become us, Sarandos said. He also added that Netflix, in stark opposition to networks that cant help but micromanage every single aspect of…
A forensic audit of 200 top companies by the Ministry of Corporate Affairs has detected irregularities to the tune of Rs 1 lakh crore, including diversion of funds. Most of these companies have been referred to insolvency and resolution proceedingsunder the Insolvency and Bankruptcy Code. Irregularities detected in some top companies point to the collapse…
TWO Sunshine Coast supermarkets have closed after the business went into liquidation just before the Easter long weekend. The Kawana Island Friendly Grocer and Forest Park Foodstore at Meridan Plains have been listed on the Australian Securities and Investments Commission as in liquidation. The company behind the stores, Yasnis Pty Ltd, is owned by Himanshu…
Netflix is raising another $2 billion in debt to fund its content spending and other expenses, the company announced this morning. The news comes ahead of the launches of new streaming service competitors from Disney, Apple, and AT&Ts WarnerMedia. It also follows Netflixs offer of another $2 billion in debt back in October 2018. The…
Tuesday, April 23, 2019 Last month, Congress reintroduced theSmall Business Reorganization Act (SBRA), under which a new subchapter V would be added to chapter 11 of the United States Bankruptcy Code. This new subchapter would provide small businesses with aggregate liabilities that do not exceed $2,566,050 with an opportunity to resolve outstanding liabilities through a…