Thursday, July 6, 2023 Its now level pegging for HMRC on cram down twice it has been crammed down, and twice it has not. In the most recent restructuring plan proposed by Prezzo, the court sanctioned the companys restructuring plan and crammed down HMRC as both preferential and unsecured creditor. Unlike Housts restructuring plan,…
The The National Company Law Appellate Tribunal (NCLAT) on Thursday stayed a bankruptcy court order to admit an insolvency resolution plea against listed real estate developer DB Realty. An NCLAT division bench of Justice Ashok Bhushan and a technical member Barun Mitra has posted the matter for further hearing on September 6. DB Realty had…
Taylor Swift signed onto a lucrative touring partnership with FTX before its collapse, but FTX pulled out of the arrangement, according to a person familiar with the discussions. Had the deal materialized, the “Bad Blood” singer might have joined a legion of celebrities who endorsed cryptocurrency products in recent years and now face vanished paydays…
Supplied Karen’s Diner marketed itself on its deliberately bad service and rude staff. (File photo) The company behind Karens Diner in New Zealand has gone into liquidation, a month after its Australian parent met the same fate. Bryan Williams of BWA Insolvency was appointed liquidator of Viral Ventures NZ on Tuesday. Viral Ventures opened New…
CNN Taylor Swift signed onto a lucrative touring partnership with FTX before its collapse, but FTX pulled out of the arrangement, according to a person familiar with the discussions. Had the deal materialized, the Bad Blood singer might have joined a legion of celebrities who endorsed cryptocurrency products in recent years and now face…
Antigua and Barbuda has embarked on a significant endeavour to manage its public debt portfolio, amounting to US$1.54 billion, by implementing Commonwealth Meridian, a state-of-the-art debt management system. The process commenced with a two-week workshop held in partnership between the Commonwealth Secretariat and the Government of Antigua and Barbuda in the capital city of Saint…
Anthony Cerantonio, FCPA, founder and managing partner of Forensic Accounting Group, has celebrated 50 years in public and forensic accounting. During this period, he has established and operated a multitude of successful businesses in media, entertainment, not-for-profit organisations, and hospitality including the Great Ocean Road Resort in Anglesea. Anthony has served on the Victorian Dairy…
At least two companies have expressed interest in the assets of Vantage Travel, the Boston-based river and ocean cruise company that declared bankruptcy last week. Vantage Travel Services said last week that United Travel Pte. Ltd., an affiliate of Nordic Hamburg and Heritage Expeditions, had agreed to acquire its assets. This week, Australian operator Aurora…
Astra is carving out its spacecraft engine business as a wholly owned subsidiary, a corporate restructuring that will provide greater flexibility in hiring and financing, according to documents viewed by TechCrunch and a person familiar with the matter. The new subsidiary, Astra Spacecraft Engines, Inc., was incorporated in Delaware on June 5 and filed with…
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