LUSAKA (Reuters) Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show. According to a notice filed in court on June 6, Vedanta wants to be represented…
With the rise of online shopping and the e-commerce industry, it is no surprise that a number of high street stores, such as HMV and House of Fraser, have faced difficulties in recent times. Due to the ever-growing uncertainty of the market, more and more companies are becoming insolvent. But what does it mean if…
Treasurer Jackie Trad has told Queenslanders theyll have to swallow rising debt if they want more jobs and better hospitals. Ms Trad delivered her second budget on Tuesday, announcing a surplus for 2019/20 but with a sting: mounting state debt. Its a $7.3 billion debt increase Queenslanders have to accept. But Ms Trad says the…
Dear Sir/Madam This is to inform you that the Honourable National Company Law Tribunal (NCLT), Hyderabad Bench has passed the order on 03/06/2019 (uploaded on website on 08/06/2019) admitting the petition CP(IB) No.679/7HDB/2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor IDBI Bank Limited and initiating the Corporate…
ASX-listed CommsChoice Group is planning to restructure its business, which will see its offshore call centre downsized with key functions moving back to Australia and about eight staff made redundant as it aims to remove non-core costs from operations and sales areas in Australia. The company also plans to pump more resources into its key…
KEMMERER, Wyo. (AP) – A federal judge has approved the sale of a Wyoming coal mine following the owners bankruptcy. The Casper Star-Tribune reports that a judge in Houston, Texas, approved the sale of the mine in Kemmer… Read the full article at: https://www.washingtontimes.com/news/2019/jun/10/federal-judge-approves-sale-of-bankrupt-wyoming-co/
Only a small percentage of companies help their employees with student-loan payments, despite it being a sought-after perk. But that could change dramatically if a proposed tweak to the tax code gains momentum in Congress. There is no doubt that employees would welcome some kind of loan-relief benefit. A recent survey by YouGov commissioned by…
Loading A loan taken out 2-3 years ago was based upon different metrics and lender requirements, he says. Following changes in requirements, many people can no longer refinance or increase their borrowing capacity even though their financial position might not have changed. For many, this means they cannot switch to another lender at a reduced…
14:09, 10 June, 2019 YEREVAN, JUNE 10, ARMENPRESS. Surik Khachatryan, a former politician who twice served as Governor of Syunik (2004-2013, 2014-2016), has been declared bankrupt by a court, according to the Datalex online judicial information platform. According to the available documents the Armenian “ARMBUSINESSBANK”bank requested a court to declare the ex-governor bankrupt for…
International Business MachinesIBM has come up with a restructuring plan which includes massive layoff. The company reportedly announced plans to terminate around 1,700 employees from several of its units in different locations. IBM on Friday said that the restructuring was necessary in order to focus more on high-value segments of the IT market. It further…