MUMBAI: The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written down? The problem, say industry trackers, is that the purchase of a distressed asset triggers write-downs in the profit and loss (P&L) accounts of companies, resulting in likely book…
A rising number of Cumbrians are battling against debt, with more than 800 declared insolvent in a year. One leading advice charity in the county says increasing levels of in-work poverty are now fueling the problem as working adults whose wages have stagnated struggle to make ends meet. Government figures reveal that every local authority…
A bankrupt psychiatrist couldn’t convince the courts his repayments should be reduced so he had more money for weekly massages and a personal trainer. A bankrupt Invercargill psychiatrist was unable to convince the courts his fortnightly debt repayments should be reduced so he could maintain a better work-life balance, including personal trainers, weekends in Queenstown…
A rising number of Cumbrians are battling against debt, with more than 800 declared insolvent in a year. One leading advice charity in the county says increasing levels of in-work poverty are now fueling the problem as working adults whose wages have stagnated struggle to make ends meet. Government figures reveal that every local authority…
Mr O’Donnell was formally discharged from bankruptcy at a sitting of the High Court yesterday. Both Mr O’Donnell and his wife Mary Patricia, formally of Gorse Hill, Vico Road, Killiney, Co Dublin, but now living in the UK, were adjudicated bankrupt by the High Court in August of 2013. That finding was confirmed by the…
Will Air Berlin and its A320s like this one, land a deal with low cost megabrand Ryanair? As it looks to a new future after disastrous investments in Euro basket case airlines Air Berlin and Alitalia, UAE carrier Etihad signaled normalcy in its ambitions this week by doing a new code sharing deal with Aerolineas…
He was formally discharged from bankruptcy at a sitting of the High Court. Both Mr O’Donnell and his wife Mary Patricia formally of Gorse Hill, Vico Road, Killiney Co Dublin, but now living in the UK were adjudicated bankrupt by the High Court in August of 2013. That finding was confirmed by the Supreme Court…
229 reading now Share your journey, news tips, interesting pictures, video and comments with other Melbourne Express readers via email or on twitter: @ebonybowden. A Reservoir schoolgirl has fought off a man who tried to assault her as she walked to school (6.02am post). A motorcyclist has died after they collided with a parked truck in Yarraville this morning…
MUMBAI: The bad-loans recovery exercise now has a puzzle to solve: Who pays the 20% Minimum Alternate Tax (MAT) on book profits when assets are written down? The problem, say industry trackers, is that the purchase of a distressed asset triggers writedowns in the profit and loss (P&L) accounts of companies, resulting in likely book…
The High Court of Karnataka has ordered issue of notice to the Union Law Ministry on a petition that has questioned the Constitutional validity of 77 sections of the newly enacted Bankruptcy and Insolvency Code, 2016. Justice A.S. Bopanna passed the order on the petition filed by Lotus Shopping Centres Pvt. Ltd., Mangluru. The petitioner…