Although interest rates on new-vehicle loans have risen to their highest level in a decade, and monthly payments continue to climb to record heights, the industry alarm bells that sounded during the Great Recession are much softer. The economy remains strong, consumers are still buying vehicles and delinquency rates are manageable. But in a market…
Jane Catherine Bernadette Goodfellow (56), from Yeovil, Somerset, has received a second ban lasting 12 years and at the same time Clare Louise Watts (51), also from Yeovil, was banned for 5 years for allowing Jane Goodfellow to run the caf and acting as a stooge director. The company at the centre of the Insolvency…
Sir/ Madam,Pursuant to an Order dated 08 March 2019 of the National Company Law Tribunal, Principal Bench, New Delhi, Corporate Insolvency Resolution Process (CIRP) has been initiated for Punj-Lloyd Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said Order has been received on 11 March…
Published: 16:03 Tuesday 12 March 2019 Share this article Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing. The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of…
It is a common misconception that closure means failure, but directors increasingly choose to dissolve in good condition, either because the industry has changed or they simply fancy something new. The first thing to understand about company closure is the distinction between solvency and insolvency. If the company is solvent, there is much more flexibility…
Extension of Corporate Insolvency Resolution Process (`CIRP) for further period of 20 days. Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the above cited subject, I would like to inform that the Honorable National Company Law Tribunal, Hyderabad Bench (NCLT) vide its Order dated…
Mar 13, 2019 Newsdesk Latest News, Macau, Top of the deck   A total of 133 people registered with Macaus Central Registry System of Individuals with Gambling Disorder in 2018, down 15.3 percent from the previous year, said the citys Social Welfare Bureau in its latest published report on the subject. The 2018 number…
Two South Australian building companies are facing collapse, and another is facing court action, amid ongoing pressure from the national housing downturn. Key points: New home builds are declining in South Australia Several companies have closed and subcontractors are feeling the impact Masters Builders SA wants more financial incentives for property owners Adelaide construction…
Investors who poured over $35 million into once-promising fashion startup Shoes of Prey are likely to be left empty-handed, with firms who invested in the business warning contributors they are not expecting any return from the liquidation process. Shoes of Prey, a company that allowed women to order customised footwear at a cheaper price than…
LONDON – Infiniti Motor Co., the luxury division of Japanese automaker Nissan, says its withdrawing from Western Europe offering another blow to carmakers in the U.K. bracing for Britains departure from the European Union. The company said Tuesday that as part of its restructuring plan, it will cease making two models, the Q30 and QX30,…