Go First Airbus A320neo planes are powered by Pratt & Whitney (P&W)-geared turbofan engines. The National Company Law Tribunal on Tuesday extended the deadline for another 60 days to complete the resolution process of grounded airline Go First. A two-member bench of the Delhi-based NCLT admitted the plea filed by the resolution professional (RP) of…
DetailsGo First has received a 60-day extension from the National Company Law Tribunal for its to corporate insolvency resolution process as three parties have expressed interest in taking over the grounded budget carrier. The resolution professional representing Go First informed the NCLT about the interest from potential buyers. Previously, on Nov. 6, an extension of…
DetailsBy Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 14:57 AEDT, 13 February 2024 | Updated: 15:09 AEDT, 13 February 2024 An award-winning luxury apartment builder has gone into liquidation as higher interest rates cripple the home construction sector. Task… Read the full article at: https://www.dailymail.co.uk/news/article-13076607/Taskers-Living-Development-Company-plunges-liquidation-Perth-apartment-builder-folds.html
DetailsA vessel formerly owned by Carlos Rafael aka the Codfather that was later relaunched by the now-bankrupt and defunct Blue Harvest Fisheries has been declared a total loss after a recent fire. The fire department in Fairhaven, Massachusetts, U.S.A. said the F/V Carrabassett is a total loss after welding aboard the vessel caused a large…
DetailsA new report from the New York Federal Reserve has revealed that Americans are struggling under a record amount of consumer debt, leading to more missed payments, higher balances and dwindling savings. And younger adults are being hit the hardest. Americans total household debt burden reached a new high of $17.5 trillion in the final…
DetailsA popular Australian beer company has entered voluntary administration after almost 10 years of business, citing increasing costs and taxes. Hawkers Beer, which is based out of Reservoir in Melbourne, announced on Monday it had entered into voluntary administration. Founder Mazen Hajjar cited a range of challenges affecting not just Hawkers but the entire craft…
DetailsA popular Australian beer company has entered voluntary administration after almost 10 years of business, citing increasing costs and taxes. Hawkers Beer, which is based out of Reservoir in Melbourne, announced on Monday it had entered into voluntary administration. Founder Mazen Hajjar cited a range of challenges affecting not just Hawkers but the entire craft…
DetailsThe Simon Lee Gallery, once a beacon of contemporary art, faces an unceremonious end as it grapples with insolvency. The winding up process, initiated by the gallery’s creditors, paints a stark picture of financial difficulties exacerbated by the Covid-19 pandemic and failed attempts to settle with HMRC. Advertisment A Gilded Past, A Troubled Present Established…
DetailsCredit card debt forgiveness programs can be a wise choice, but it’s not the right move for everyone. Getty Images In the U.S., credit card debt is commonplace. In fact, household credit card debt across the country totaled $1.13 trillion during the fourth quarter of 2023. And, credit card balances increased by $50 billion from Q3…
DetailsSYDNEY, NEW SOUTH WALES, AUSTRALIA, February 12, 2024 /EINPresswire.com/ — Macmillan Lawyers and Advisors, a trusted name in the legal and advisory industry, is pleased to announce the expansion of its insolvency services to the vibrant city of Sydney, Australia – macmillan.law/insolvency/lawyer-sydney/. With a strong foothold in Brisbane, the firm is committed to extending its…
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