Personal and corporate guarantors, whove had to not only shoulder equal liability as the borrower under the insolvency law, now have also lost their right of subrogation. Under the Insolvency and Bankruptcy Code, courtsby relying on the Indian Contract Acthave held that the liability of a guarantor and borrower is co-extensive, they have the same…
Management of a troubled clinical waste firm have been branded disgusting by workers at its Dundee plant after they vowed to never throw in the towel against insolvency, even if it means staff going without money. Workers at Healthcare Environmental Services (HES) Wester Gourdie facilityrevealed they have still not met face-to-face with managing directorGarry Pettigrew…
MOSCOW, January 5./TASS/. Wage arrears of bankrupt Transaero Airlines exceed 600 million rubles ($ 8.930 million), a spokesperson for the Russian Investigative Committees transport division in Moscow told TASS on Saturday. Transaero has debts to more than 7,000 of its former personnel. “More than 1,500 people have been questioned as aggrieved persons,” Natalya Fedorova said.…
This is to inform you that pursuant to the provisions of Regulations 17, 19 and 20 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the third meeting of Committee of Creditors (CoC) of the Corporate Debtor is scheduled to be held on Saturday, January 5, 2018 at 11.00 A.M. at Hotel K.C.…
The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S Kumar…
MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S…
Decisions about higher education are already stressful enough without having to worry about the high cost of obtaining a college education or questioning the value of your degree, Brnovich said. Weve secured $22 million in debt relief for Arizonans that will help thousands of students who were saddled with large debts and degrees that were…
A–A+ Three major insurance companies are suing PG&E over the billions of dollars in claims they expect to face from the Camp Fire. The lawsuits, by Allstate Insurance Co., State Farm and USAA, represent another potentially staggering blow to PG&E, which has already acknowledged problems occurred on a high-voltage transmission tower near…
NEW YORK, Jan. 04, 2019 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Yangtze River Port & Logistics Limited (Yangtze or the Company) ( YRIV) in the United States District Court for the Eastern District of New York, on behalf of a class consisting of investors…
LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (GPM), a global investors rights law firm,announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Yangtze River Port and Logistics Limited (Yangtze River or the Company) (NASDAQ:YRIV) securities between February 2, 2016 and December 5, 2018, inclusive (the ‘Class…