LAS VEGAS, NV, Sept. 07, 2021 (GLOBE NEWSWIRE) — Alkame Holdings, Inc. (OTC PINK: ALKM), is pleased to announce that management continues the strengthening of its balance sheet with the execution of a debt restructuring agreement with Blue Citi LLC. The Company’s strategic debt restructuring with Blue Citi LLC, has resulted in an agreement to…
Following the tribunals August 6 insolvency commencement order, Aditya Khaitan, promoter of the tea company, had appealed to the National Company Law Appellate Tribunal (NCLAT) for a stay on the CIRP initiation. NCLAT, however, hadnt granted a stay but admitted the plea. In a major relief to the financially-stressed Williamson Magor group, the National Company…
NEW DELHI: The pandemic and a shortage of members in the National Company Law Tribunal (NCLT) has slowed insolvency resolution by over 45% with cases taking nearly 593 days during the June quarter, latest data showed.As of March-end, it took 408 days from the insolvency commencement date to the approval of the resolution. A thrust…
SKSi Scotland has hired four senior insolvency staff in Scotland as it prepares for an insolvency Armageddon following the end of two key government Covid-19 support schemes. Alistair Dickson, director and head of Scotland at the accountancy firm, is growing his team ahead of the the Furlough Scheme and the Corporate Insolvency and Governance Act…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) on Tuesday adjourned till September 20 the hearing on a batch of petitions challenging the approval for the takeover of bankrupt-Videocon Industries by Anil Agarwal’s Twin Star Technologies.Through an interim order on July 19, the appellate tribunal had stayed the implementation of the resolution plan for…
The Insolvency and Bankruptcy Code (IBC), which has now turned five, has helped rescue as many as 396 companies till June 30 this year this is from the 4,541 corporate insolvency cases that had commenced between December 1, 2016, and June 30, 2021, official data showed. A positive surprise Rescue essentially means the resolution plans…
LAS VEGAS, NV / ACCESSWIRE / September 7, 2021 / Alkame Holdings, Inc. (OTC PINK:ALKM), is pleased to announce that management continues the strengthening of its balance sheet with the execution of a debt restructuring agreement with Blue Citi LLC. The Company’s strategic debt restructuring with Blue Citi LLC, has resulted in an agreement to…
PwC has added to Business Restructuring Services (BRS) team with the appointment of Rob Asplin as a senior adviser. Asplin brings two decades of expertise in the restructuring and private equity sectors, specialising in protecting and creating value in turnaround situations. Previously he has been a partner in a special situations Fund; a Portfolio Chief…
In our How I Manage My Money series we aim to find out how people in the UK are spending, saving and investing money to meet their costs and achieve their goals. This week we meet Akid Zolkifli, 31, a management consultant based in Greenwich who cleared his debts during the pandemic. Income: Management consultant:…
Philippine Airlines (PAL) has said there is no certainty its business restructuring process will end by 2021, noting that a variety of factors will affect the timeline. The carrier was responding to a news report by the Manila Bulletin, which cites PAL president and chief operating officer Gilbert Santa Maria as saying that the embattled…