The National Company Law Tribunal (NCLT), Ahmedabad Bench, comprising of Mrs. Chitra Hankare (Judicial Member) and Dr. Velamur G Venkata Chalapathy (Technical Member), has held that the dues of Employees State Insurance Corporation (ESIC) are not at par with the dues of Provident Fund, Pension Fund or Gratuity Fund under IBC. Consequently, ESIC dues not…
DetailsAllison Martin December 5, 2023 at 4:25 AM Key takeaways Using a debt consolidation loan to combine your existing debt can help you streamline your monthly payments and save on interest. Other debt relief strategies like debt settlement and bankruptcy should only be used as a last resort since they can cause serious harm to…
DetailsIan Omar Chester, a former Gold Coast property development company director, has been charged with multiple criminal offences following an investigation conducted by the Australian Securities & Investments Commission (ASIC) into Southeast Queensland property development companies. Chester was charged with 15 counts of fraud, three counts of falsifying company books and records and two counts…
DetailsReuters. A woman uses a cash machine at a Lloyds Bank branch in central London, Britain February 25, 2016. REUTERS/Paul Hackett/File Photo By Paul Sandle and Sarah Young LONDON (Reuters) – The Barclay family regained control of Britain’s influential Telegraph newspaper on Monday after Abu Dhabi-backed RedBird IMI (LON:) helped repay its 1.2 billion pound…
DetailsSummary Companies Barclay family repays 1.2 billion pound debt to regain control Abu Dhabi backed deal and is due to become new owner of titles But UK blocks transfer pending review of impact on press freedom LONDON, Dec 4 (Reuters) – The Barclay family regained control of Britain’s influential Telegraph newspaper on Monday after Abu…
DetailsThe Barclay family officially regained control of the Telegraph newspaper group on Monday, after an Abu Dhabi-backed consortium helped pay off its 1.2bn debt to Lloyds Banking Group, although the funds planned takeover still requires the UK governments blessing. Lloyds said on Monday that it had received the money it was owed, after it seized…
DetailsThis weekly round-up contains key nature and climate news from the past week. Top nature and climate stories: COP28: Debt relief needed to help developing world adapt to climate change; COP28 delegates adopt new climate disaster fund; Brazil to launch fund to protect tropical forests. 1. COP28: Debt relief needed to help developing world adapt…
DetailsThis year, a number of major retailers have declared bankruptcy. Rite Aid recently filed and Bed, Bath & Beyond, Tuesday Morning and Christmas Tree Shops wound up closing all their stores amid their bankruptcies. Well it seems like 2024 will see more companies following suit and experts have identified one that they think will very…
DetailsNEW DELHI : In some relief for SpiceJet, the National Company Law Tribunal on Monday dismissed a plea by aircraft lessor Willis Lease Finance Corp. to initiate insolvency proceedings against the cash-strapped airline. But apart from Willis Lease Finance, three other lessorsCelestial Aviation, Wilmington Trust, and Aircastle Ltdhave similar pleas pending with NCLT to admit…
DetailsRene Benko reportedly liked to joke that only the British Royal family and the Pope had a more exclusive property portfolio than him. After all, the billionaire controlled Signa Holding, a complex web of real estate companies which ultimately held half of New Yorks Chrysler Building as well as a stake in Londons famous Selfridges…
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