KITCHENER The grand Spanish-style venue that was home to the now-bankrupt Hacienda Sarria wedding and event business is on the market for nearly $8 million. Originally a sugar beet factory, the late Ron Doyle transformed the Union Street property into an opulent, award-winning event space featuring beautifully-landscaped gardens and a light-bathed, two-storey atrium ringed with…
DetailsBy Express News Service NEW DELHI:Housing Development and Infrastructure Ltd (HDIL), the Mumbai-based real estate company undergoing the corporate insolvency resolution process, is likely to be liquidated after no bidders showed interest in acquiring the stressed company. The resolution professional received no resolution plan even as the threshold of 270 days got over on April…
DetailsFewer bankruptcies in July Skip to main content Change navigation 13/08/2021 15:00 Hollandse Hoogte / Hans van Rhoon The number of corporate bankruptcies, adjusted for court session days, has decreased. There were 12 fewer bankruptcies in July than in the previous month, according to Statistics Netherlands (CBS). The number of bankruptcies pronounced in the first…
DetailsDewan Housing Finance Corporation (DHFL) on Friday reported an over four-fold jump in its consolidated net profit at Rs 314.43 crore for the quarter ended June 2021. TopicsDHFL|Q1 results Dewan Housing Finance Corporation (DHFL) on Friday reported an over four-fold jump in its consolidated net profit at Rs 314.43 crore for the quarter ended June…
DetailsWhat would happen if a property and casualty insurer were to go bust? Last week, thousands of Florida home owners were left scrambling for coverage when during peak hurricane season Sarasota-based Gulfstream Property & Casualty announced its liquidation to customers. In 2018, Californias Camp Fire left Merced Property & Casualty in ruins, unable to pay…
DetailsOver the past five trading sessions, the performance of major bank stocks has depicted a bullish stance as various economic data including employment report and inflation indicated that economic recovery is on track. Rise in expectations that the Federal Reserve might soon reveal plans for tapering its bond buying program further boosted sentiments. This led…
DetailsA Serbian glass manufacturer has declared bankruptcy and ordered insolvency administrators to commence with its liquidation sale. The Serbian Glass Factorys Parachin Glassworks has been in operation since 1907, producing glass containers production facility including bottles and jars. The sale also includes a tableware glass production plant as well as its “Plana” limestone quarry, which…
DetailsEleven years ago, Robert Kreshl was living on the streets of Hobart, sick with pneumonia and pleurisy, $17,000 in debtand addicted to poker machines. Key points: Tasmania’s introduction of mandatory pre-commitment is a national first but critics warn the reform is not tough enough Gamblers who are part ofplayer loyalty programs must nominate an amount…
DetailsChennai: The National Company Law Tribunal (NCLT), Chennai bench has rejected the debt resolution proposal of Siva Industries, which was cleared by the Committee of Creditors (CoC) led by IDBI Bank. The NCLT has also ordered liquidation of Siva Industries.Siva Industries went under CIRP with admitted claims of Rs 4,863.87 crore from financial creditors, Rs…
DetailsPeter Chan hails a cab after the hearing. SING TAO Sophie Hui Former fung shui master Peter Chan Chun-chuen has been declared bankrupt after failing to pay HK$28.4 million in legal fees to Nina Wang Kung Yu-sum’s charitable foundation. Chan, 61, had been sentenced to 12 years for forging a will in a bid to…
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