By Express News Service NEW DELHI: Financial creditors have realised Rs 42,630 crore or 25.46% of their total claims under the insolvency resolution process in the April-June period of the current financial year (FY22), showed the latest quarterly newsletter of the Insolvency and Bankruptcy Board of India (IBBI). As many as 4,541 CIRPs (Corporate Insolvency…
DetailsNorwegian offshore vessel owner DOF is facing hurdles as it tries to negotiate a debt restructuring deal. Smaller shareholders have partnered up looking to put a stop to a restructuring plan that they believe would leave the company in the hands of incoming investors and large shareholders. According to Norwegian business daily Finansavisen, the group…
DetailsMy family back home has needed extra financial help from me for the past couple of months. This has meant I have missed two monthly credit card payments. It is the first time I have missed making a payment on the card and I am worried the bank will file a police case against me.…
DetailsEditorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn’t affect our editors’ opinions or evaluations. Seventy million Americans struggle with debt in collections status according to a study by the Consumer Financial Protection Bureau. So, if you have past-due credit card debt of your…
DetailsBy Express News Service NEW DELHI: Financial creditors have realised Rs 42,630 crore or 25.46% of their total claims under the insolvency resolution process in the April-June period of the current financial year (FY22), showed the latest quarterly newsletter of the Insolvency and Bankruptcy Board of India (IBBI). As many as 4,541 CIRPs (Corporate Insolvency…
DetailsPhoto by WJFW Newswatch 12 Story By Morgan JohnsonLocal News Published 09/07/2021 2:56PM, Last Updated 09/07/2021 5:56PMPark Falls – The Park Falls paper mill has been sold, as of August 31, to Wisconsin Paper Personal Property LLC, and Wisconsin Paper Real Property LLC, which is a subsidiary of Maynard Industries. The mill, which is over…
DetailsNext Digital, which was founded by now-imprisoned tycoon Jimmy Lai, said in a stock exchange filing Sunday that its remaining four directors would step down, to best “protect shareholders, creditors, employees and former employees.” The directors are Chairman Ip Yut Kin, Louis Gordon Crovitz, Mark Lambert Clifford and Lam Chung Yan. It also said it…
DetailsLAS VEGAS, NV, Sept. 07, 2021 (GLOBE NEWSWIRE) — Alkame Holdings, Inc. (OTC PINK: ALKM), is pleased to announce that management continues the strengthening of its balance sheet with the execution of a debt restructuring agreement with Blue Citi LLC. The Company’s strategic debt restructuring with Blue Citi LLC, has resulted in an agreement to…
DetailsFollowing the tribunals August 6 insolvency commencement order, Aditya Khaitan, promoter of the tea company, had appealed to the National Company Law Appellate Tribunal (NCLAT) for a stay on the CIRP initiation. NCLAT, however, hadnt granted a stay but admitted the plea. In a major relief to the financially-stressed Williamson Magor group, the National Company…
DetailsNEW DELHI: The pandemic and a shortage of members in the National Company Law Tribunal (NCLT) has slowed insolvency resolution by over 45% with cases taking nearly 593 days during the June quarter, latest data showed.As of March-end, it took 408 days from the insolvency commencement date to the approval of the resolution. A thrust…
Details