Follow us on Telegram for the latest updates: https://t.me/mothershipsg Jermaine Pennant, 39, has been declared bankrupt, major UK publications Daily Mail and The Sun reported. The former Arsenal and Liverpool star reportedly racked up debts of more than 1 million (S$1.62 million). Daily Mail reported that the former Premier League star owes money to creditors…
Summary Companies New casino licenses with shorter contracts took effect Jan. 1 Operators suffered worst year on record in 2022 amid COVID-19 Challenges include diversifying from core gaming, labour shortages HONG KONG, Jan 3 (Reuters) – As casinos in Macau begin new licenses to operate in the worlds biggest gambling hub on Jan. 1, the…
The petition has been filed for the “initiation of corporate insolvency resolution process against the company, claiming a debt and default of Rs. 211 crore towards royalty payable for utilization of literary and musical works”, the exchange filing noted. An operational creditor has filed an insolvency case against Zee Entertainment Enterprises Ltd for allegedly defaulting…
Canberra Centre stores open after COVID-19 lockdown. Photo: Thomas Lucraft. After enduring eight interest rate hikes since May, and with analysts predicting more to come, the financial pressure on individuals and business owners is set to continue. Personal budgets and business cashflows have already taken a hit due to increasing loan repayments, especially frustrating given…
The government will examine suggestions to let shareholders of large defaulters retain control of the businesses while exploring fresh investments and corporate restructuring with its lenders outside bankruptcy tribunals, in a major change to the Insolvency and Bankruptcy Code (IBC). The ministry of corporate affairs insolvency law committee, comprising officials and independent experts, will examine…
(Alliance News) – STAR7 Spa on Saturday signed a lease agreement for the business unit comprising Consulting Automotive Aerospace Railway Spa, based in Turin, Italy, rights similar to rights in rem to foreign subsidiaries in Brazil and Serbia, and a second lease agreement for the business unit of STI srl, based in Bolzano, Italy, a…
Zee Entertainment Enterprises Ltd. has contested the maintainability of the insolvency process initiated by IndusInd Bank Ltd. before the National Company Law Tribunal. The company has claimed that the default in question occurred in October 2020, when the Insolvency Code was suspended, and so the bank’s application should be dismissed.In light of the Covid-19 pandemic,…
The Indian Performing Right Society (IPRS) Ltd has moved the insolvency tribunal NCLT against Zee Entertainment Enterprise Ltd, claiming a default of Rs 211.41 crore, the media major said in a regulatory filing. However, Zee Entertainment Enterprise Ltd (ZEEL) added that it “will be filing its reply rejecting the claim on, inter alia, the ground…
An operational creditor has filed Rs 211-crore insolvency case against Zee Entertainment Enterprises, the company said on Monday. “A petition has been filed under Section 9 of the Insolvency and Bankruptcy Code by the Indian Performing Right Society, an Operational Creditor, before NCLT for initiation of Corporate Insolvency Resolution Process against the Company,” the company…
Managing your deposits at online casinos is an important part of playing successfully. While it may not be the most exciting part of gambling, it is essential for anyone wanting to gamble responsibly and potentially turn a profit. To get started, you should only deposit funds that you can afford to lose so that any…