The NCLT on Monday ordered the liquidation of Overnite Express after admitting the plea of its lender Deutsche Bank AG against a resolution plan submitted by a member of the debt-ridden company’s suspended board. While the Insolvency and Bankruptcy Code (IBC) bars promoters of a corporate debtor from submitting a resolution plan under the CIRP,…
DetailsMore than 20 armed men stormed the head office of a bankrupt oil producer in East Siberia last week in the latest twist in a battle for control over a lucrative export project. Two videos distributed on Russian social media showed a group of armed men allegedly landing at the site by helicopter, searching and…
DetailsIf you dont pay an unsecured business loan, you risk damaging your credit score and reputation among lenders. Lenders can also impose late fees and penalties, adding to the amount owed. Ultimately, failing to pay the debt can lead to creditors taking legal action against you or your business. Not repaying a loan can lead…
DetailsMore than 20 armed men stormed the head office of a bankrupt oil producer in East Siberia last week in the latest twist in a battle for control over a lucrative export project. Two videos distributed on Russian social media showed a group of armed men allegedly landing at the site by helicopter, searching and…
DetailsAnnie Ashton By Simon Hare BBC News A man killed himself after suffering a relapse into his gambling addiction during the pandemic, his wife has told an inquest. Luke Ashton, who died aged 40 in April 2021, had run up gambling debts of 18,000 with several online betting firms two years before. His family fear…
DetailsMore than 20 armed men stormed the head office of a bankrupt oil producer in East Siberia last week in the latest twist in a battle for control over a lucrative export project. Two videos distributed on Russian social media showed a group of armed men allegedly landing at the site by helicopter, searching and…
Details(A typing error was corrected in the headline of the report dated Sept. 15). FRANKFURT (dpa-AFX) – Pharmaceuticals and agrochemicals group Bayer plans to streamline its management, according to a media report. Group CEO Bill Anderson, who has been in office since June, first wants to launch a program for greater efficiency and bureaucracy reduction…
DetailsRescon Builders builds granny flats – or at least it used to, before the company went into voluntary administration. That’s when A Current Affair heard from angry customers. “I keep sending emails to them, no responses, so I sent them an email asking them if they were in liquidation and still no response,” Peter Reeve…
DetailsBusinesses in the UK are starting to decline following a significant rise in company insolvencies last month. Recent insolvency service data shows company bankruptcies surged to 2,308 in August, marking a 33.6 percent increase compared to July. Nicky Fisher, president of R3, the UKs insolvency and restructuring trade body, commented: Augusts corporate insolvency figures were their…
DetailsBy OlOn August 10, 2015, Larry Page announced the creation of Alphabet, a company consolidating all businesses related to information technology. The Google search engine and its related services, YouTube, and Pixel phones were grouped into a separate holding, while startups that were expected to have a future impact were separated. Larry Page and Sergey…
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