The National Company Law Tribunal (NCLT) on Friday rejected IDBI Bank’s plea seeking insolvency against media major Zee Entertainment, observing that it was barred under Section 10A of the Insolvency & Bankruptcy Code (IBC). Section 10A mandates no application for initiation of corporate insolvency resolution process (CIRP) can be filed against any debtor by any…
In a significant relief to broadcaster Zee Entertainment Enterprises, the Mumbai bench of the National Company Law Tribunal (NCLT) on Friday rejected an insolvency petition filed against it by IDBI Bank. On 15 December last year, the lender sought the initiation of the corporate insolvency resolution process (CIRP) against Zee, alleging default of a Rs149…
Insolvency Decline of 15% Recorded, Yet Experts Caution That Challenges Remain – BusinessMole May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 May 19, 2023 0 Read the full article at: https://www.businessmole.com/insolvency-decline-of-15-recorded-yet-experts-caution-that-challenges-remain/
“I stole from my own parents in order to gamble” Gambling addiction is a prevalent problem around the world, and the UK is no exception. According to Providence Projects and a 2020 YouGov survey, there are over 430,000 problem gamblers in the UK with 13% of the population experiencing some level of gambling harm. However,…
NEW YORK, May 17, 2023Jessica Kenney Bonteque has joined Duane Morris LLP as a partner in the firms Business Reorganization and Financial Restructuring Practice Group in its New York office. Prior to joining Duane Morris, Bonteque was a partner at Moses & Singer LLP. Our growth momentum continues across our platform and it is exciting to…
Reviews Robert Daniels May 19, 2023 Tweet Theres so much gall in director Calmatics White Men Cant Jump, but not of the good kind, not the kind he intends. Its the type of noxious audacity that undermines him, that turns a classic into a rote joke, rendering his film a tedious ordeal. Youre never quite…
Reuters. Investing.com – European stock markets are expected to open higher Friday, benefiting from the global optimism that a U.S. debt default will be avoided, but concerns about future growth remain. At 02:00 ET (06:00 GMT), the contract in Germany traded 0.2% higher, in France climbed 0.3% and the contract in the U.K. rose 0.2%.…
When bills are mounting, and money seems elusive, gathering debt advice can seem like an insurmountable task. With financial options at every turn but no in-depth knowledge to lean on to make the right decision for your situation, you may simply feel overwhelmed. Unsolicited debt advice from family, friends, and those without qualifications can also…
Popular shed company Transportable Shade Sheds has gone into liquidation, owing over $1.8 million and leaving employees without wages and superannuation. Ralph Ackerman, a Vietnam war veteran, was hoping to receive a shed to house his caravan, but he’s now left with a patch of dirt in his backyard. Ackerman said he asked to pay…
HONG KONG – A shrinking land bank and sluggish property demand are likely to hamper the plans of a growing number of private Chinese developers who have defaulted on their debt and are restructuring it to win breathing room to revive their fortunes. Those hurdles could hinder the drastic improvements in sales and liquidity the…