Written by Sunny Verma | New Delhi | Published:December 26, 2015 4:42 am Arun Jaitley In order to develop the corporate bond market, the finance ministry and the Reserve Bank of India are planning to restrict the amount of working capital funds and term loans that companies can borrow from banks. The ministry and the…
A winter wonderland attraction has been forced to close down due to the unseasonably mild weather. Colchester Winter Wonderland and Ice Rink opened 25 days ago but has been unable to open on six of those days. About 5,000 people are thought to have booked tickets to attend between now and January 3. But attraction…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…
Ken Rosewall owned now defunct stockbroking firm BBY with his son, Glenn Rosewall. Photo: Jesse Marlow Liquidator KPMG’s report into BBY has unmasked the scale of compliance shortcomings and dubious practices at the failed stockbroking firm, noting that the firm’s investment in Firestone Energy was pivotal in denting its financial position and contributing to its demise. BBY collapsed spectacularly in…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…
COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…
Regis Insurance Company, a Pennsylvania-domiciled insurance company, was recently issued an order of liquidation by the Commonwealth Court of Pennsylvania. Regis, a writer of small commercial business based in Paoli, Pennsylvania, was licensed in and domesticated in Pennsylvania in 1979. The company is licensed only in Pennsylvania but did business in several other states within…
In another attempt to improve the ease of doing business, the government on Monday introduced the ‘Insolvency and Bankruptcy Code, 2015’ in Parliament that provides for resolution of insolvency within a time frame. The bill is aimed at promoting investments, which will lead to higher economic growth. Also, it provides for setting up of an…
Last Modified: Tue, Dec 22 2015. 12 28 AM IST The proposed bankruptcy code will cover individuals, companies, limited liability partnerships and partnership firms, and proposes a time-bound framework New Delhi: The government on Monday introduced a bill in Parliament that will make it easier for sick companies to either wind up their businesses…
Bill in Lok Sabha to consolidate, amend all bankruptcy laws New Delhi, December 21: The Modi-led government has taken a big step towards putting in place an effective legal framework for insolvency resolution in a time-bound manner. A Bill to consolidate and amend all laws relating to insolvency resolution so as to tackle the issue…