QIWI Provides Update on Corporate Restructuring NICOSIA, CYPRUS – September 12, 2023 – QIWI plc (NASDAQ and MOEX: QIWI) (“QIWI” or the “Company”), an innovative provider of cutting-edge payment and financial services, today announced it has received from the NASDAQ Hearing Panel the extension of the period for completion of the restructuring process until November…
At least one lessor has rejected a bid by SpiceJet (SG, Delhi International) to settle its debts by issuing shares in lieu. India’s Economic Times reports that Aircastle has said no to a debt-for-equity swap offer from the beleaguered airline. This comes as a Delhi court threatened to jail SpiceJet’s chairman earlier this week over…
Coffee Day Enterprises Ltd, which operates the Cafe Coffee Day outlets, said that the Chennai bench of the National Company Law Appellate Tribunal has terminated the Corporate Insolvency Resolution Process (CIRP) against the company and set aside the NCLT order. In August, the Chennai Bench of the National Company Law Appellate Tribunal (NCLAT) had stayed…
Photo credit: Barbara Olsen/Pexels/Studio040 After nearly 100 years, the Eindhoven Manage (riding school) on Roostenlaan has been declared bankrupt. The organisation announces this. The riding school is owned by Van de Pol. A trustee is looking into whether a restart is possible. We are terribly sorry that after 96 years the riding school will come…
The charity behind National Debtline has today responded to the Governments decision to row back on plans to bring insolvency firms under independent regulation, calling the decision disappointing. The Money Advice Trust, which runs the free National Debtline and Business Debtline advice services, warns that todays changes do not go far enough to protect…