NEW DELHI: HDFC Ltd has taken the holding company of Malvinder and Shivinder Singh to bankruptcy court to recover outstanding dues worth Rs 41.1crore. The National Company Law Tribunal (NCLT) asked the company, RHC Holding Pvt, on June 14 to state why insolvency proceedings should not be initiated against it and decided to take up…
NEWCASTLE motorcycling identity Graeme Boyd says the worst market the conditions his industry are to blame for the liquidation of the business he has run under his own name for more than 20 years. Mr Boyd, who has also been an enthusiastic promoter of moto-cross events in the Hunter over the years, said that if there was any…
IN THE RED Finance guru Paul Baxendale-Walker, 54, who also starred in porn movies, introduced EBTs to ex-Gers chairman Sir David Murray THE PORN star behind Rangers controversial tax scheme has been declared bankrupt with whopping debts of £16 million. Finance guru Paul Baxendale-Walker, 54, who introduced EBTs to ex-Gers chairman Sir David Murray, went…
One-in-five British adults have had an outstanding credit card balance for at least six months, including the 4 per cent of British adults who have had an outstanding balance for over five years, according to a new survey. The research, part of a long-running survey of Britains personal finances also found that of the…
New Delhi: Lenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in “quick” time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore. At a hearing of the National Company Law Appellate Tribunal (NCLAT), Sudipto Sarkar, counsel appearing for the Committee of Creditors (CoC) of…
Bike-sharing companies have been competing fiercely for market share, and some have been losing money in the process. In a number of German cities, the dockless rental bicycles provided by Singapore-based Obike are proving especially problematic. Scattered around the sidewalks of various major cities, they’re often in the way of pedestrian traffic and they’re frequent targets…
Lenders to Essar Steel on Wednesday urged the NCLAT to complete its insolvency resolution process in “quick” time, saying the debt-ridden company is incurring a daily loss of Rs 17 crore. At a hearing of the National Company Law Appellate Tribunal (NCLAT), Sudipto Sarkar, counsel appearing for the Committee of Creditors…
Mr O’Reilly was declared bankrupt in the Bahamas in 2015. Creditors of bankrupt O’Reilly to get dividend Independent.ie Tony O’Reilly’s bankruptcy trustee plans to declare an interim dividend to the businessman’s creditors by the end of September, marking what is thought to be the first time proceeds secured from the sale of a swathe of…
iStock / dra_schwartz Your WIRED daily briefing. Today, drug treatments to kill damaged cells can increase the health and lifespans of mice, the Information Commissioner’s Office has fined Facebook and will begin criminal proceedings over the Cambridge Analytica data syphoning scandal, Tesla has announced its first Chinese factory and more. Get WIRED’s daily briefing in…
Lucy Winterborne and Alistair Wardell of law firm Grant Thornton UK were appointed joint administrators of the Cornish pasty producer. According to Grant Thornton, Crantock entered insolvency after failed attempts to sell the business in recent weeks. Despite the best efforts of management, cash has deteriorated rapidly leaving the directors with no choice but to…