By Express News Service NEW DELHI: Government-owned Container Corporation India Ltd (Concor) has got a relief from the National Company Law Appellate Tribunal (NCLAT) after the tribunal stayed an NCLT order allowing the initiation of a corporate insolvency resolution process against the company. Concor informed in an exchange filing that the NCLAT has stayed the…
SpiceJet (SG, Delhi International) calls reports India’s Directorate General of Civil Aviation (DGCA) has put it under so-called enhanced surveillance “absolutely incorrect.” The denial is despite the Press Trust of India (PTI) outlet citing an unnamed DGCA official saying the agency has stepped up its oversight of the under-pressure airline since June 22. “The information…
Do you work at Yellow, ABF or another freight carrier? Tell us about your working conditions and compensation by filling out the form below. All submissions will be kept anonymous. A Yellow Freight/Roadway Express truck travels east on I-70, near Lecompton, Kansas. [AP Photo/Orlin Wagner] The Yellow Corporation, the largest freight trucking company in the…
Street Talk Jul 17, 2023 11.30am Powerhouse law firm Gilbert + Tobin has claimed another scalp. Clayton Utz partner Orla McCoy. Arsineh Houspian Street Talk understands Clayton Utz restructuring and insolvency partner Orla McCoy has resigned. She had been with the firm for over 18 years over two separate stints, focused on corporate restructurings, workouts and…
Dyldam was once a towering force. Its apartments still line the streets and light up the skyline of western Sydney. But for more than a decade, the Dyldam group has left a trail of misery behind it that includes bankrupt businesses, unpaid taxes, tradies denied payment for work they’ve done, suppliers ripped off, and anguished apartment…
Gandhinagar, India, July 16 (EFE).- The United States will seek to increase financial assistance for war-torn Ukraine and push for debt restructuring during a G20 Finance meeting in India, US Treasury Secretary Janet Yellen said Sunday. Yellen said Ukraine was one of the priorities at the meeting of finance ministers and central bank heads of…
GANDHINAGAR, India, July 16 (Reuters) – U.S. Treasury Secretary Janet Yellen said on Sunday she was “eager” to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered. At a press conference before a meeting of Group of…
As Prepared for Delivery Good morning, everyone. Its great to be in India. This is my third time here in less than a year, which means Ive traveled to India more times than any other country as Treasury Secretary. Im very glad to be back. I would like to first thank Finance Minister Sitharaman and…
In a week that revealed the demise of at least three more building companies, the reality that it could have a devastating impact on anyone buying and building a new home has been rammed, well home. Building companies have been the worst hit segment of the economy when it comes to insolvencies, and the past…
Debt distress will be a central topic of discussion as U.S. Treasury Secretary Janet Yellen and other G20 finance ministers gather in India this week. Treasury Secretary Janet L. Yellen called on Sunday for international creditors to speed up their efforts to provide debt relief to developing countries facing default, arguing that shoring up their…