The stipulation in the Banking Regulation Act, 1949, that no shareholder of a banking company PSB or private sector bank can exercise voting rights more than 26%, is also being reviewed, sources added. Key amendments to the Insolvency and Bankruptcy Code (IBC) to ratify the so-called pre-pack resolution scheme for MSMEs and changes in banking…
FARMINGTON A probate judge approved a settlement with the estate of Fotis Dulos Tuesday that would require his former criminal defense attorneys Norm Pattis and Kevin Smith to not discuss the case surrounding the disappearance of Jennifer Dulos for 40 years. The family of Jennifer Dulos was hoping to avoid more publicity, said Attorney Christopher…
Mohegan Sun has withdrawn a lawsuit against an National Hockey League team owner it claimedfailed to pay a $900,000 gambling debt. The withdrawal, filed Friday in New London Superior Court, provides no information about the terms of any settlement the casino may have reached with Eugene Melnyk, the Canadian billionaire who owns the Ottawa Senators.…
DEAR READERS: Well, we’ve probably known about it for a while, and we just don’t like to face it or talk about it: debt. The average American has anywhere between $40,000 and $90,000 in total debt, many experts agree. Debt can come from many sources, but a big reason for all of this debt is…
The risks facing directors and officers (D&O) continue to expand and intensify, with liability claims against them set to rise. One catalyst has, of course, been the COVID-19 pandemic. As the effects of the crisis gripped the global economy, businesses had to react swiftly to the challenges of business interruption. Senior managers grappled with whether…
AVON, Conn., July 13, 2021 /PRNewswire/ –Carrier-provided online administration capabilities continue to be very important to employers of all sizes and industries,according to the reportMarketVision The Employer Viewpoint: Breaking Out Employer Demographics for the Voluntary/Worksite.The percentage of employers that think having online administration is not important is overall very low: the weighted average across all…
The National Company Law Appellate Tribunal has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered for resolution of the debt-ridden realty firm. TopicsNCLAT|NCLT|liquidation The National Company Law Appellate Tribunal (NCLAT) has set aside NCLT’s direction to liquidate Three C Homes and ordered that other options be considered…
Posted on: July 13, 2021, 02:09h. Last updated on: July 13, 2021, 02:09h. Ed Silverstein Read More Gambling debt reportedly was the motive behind a Brooklyn, N.Y. man fatally stabbing his father in the chest on July 4, according to published reports. The suspect was apprehended on Sunday in the boroughs latest deadly crime tied…
The crisis-hit Infrastructure Leasing and Finance Limited (IL&FS) group has addressed a debt of about Rs43,000 crore and is confident of addressing an additional debt of Rs14,400 crore, taking its total debt recovery to Rs58,000 crore by March next year. In a presentation, IL&FS says, “Significant portion worth Rs50,000 crore of estimated recovery would be…
Some students who are affectedby Laurentian University’srecent restructuring are hoping they’ll qualify forsome financial helpfrom the provincial government, while others are disappointed to find out they aren’t eligible. The school declared itself insolvent on Feb. 1, and cut dozens of programs and hundreds of jobs under creditor protection to begin its plan to return to…