Several lenders, including the major banks, have announced relief measures for Victorian borrowers impacted by the floods. High winds, damaging rains, and flash flooding have wreaked havoc in several communities in Victoria, including the Gippsland region, with homes damaged or left without power, and more rain is expected. In response to the floods, major banks…
DetailsNCP has been in discussions to pull out of rental contracts and cut payments to landlords. Photo: Getty Landlords are once again in talks with the UK’s largest car park provider NCP, this time threatening to remove the business from a string of premises ahead of a vote on the company’s new restructuring plan. The…
DetailsBy Taxscan Team – On June 13, 2021 6:59 pm Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June The National Company Law Appellate Tribunal (NCLAT), Delhi Bench while quashing the Liquidation Proceedings ruled that the sole decision of related parties Financial Creditors could…
DetailsThe Mumbai bench of the NCLT approved Piramal Group’s resolution plan for the beleaguered DHFL on June 7. TopicsDHFL|NCLT|debt resolution Subrata Panda | Mumbai Last Updated at June 14, 2021 01:08 IST The National Company Law Tribunal (NCLT), while approving the resolution plan of Piramal Group for Dewan Housing Finance Limited (DHFL) has named a…
DetailsClick here to get Khmer Times Breaking News direct into your Telegram KrisEnergys winding up petition will be addressed by Grand Court of the Cayman Islands on July 12 at 9 am according to an announcement released by the upstream oil and gas company on Friday. A winding up petition is a notice issued when…
DetailsA dad-of-three who stole 50,000 from his boss when his gambling addiction plunged him into debt has launched a project to help other gambling addicts. David Bradford from Sheffield was jailed for fraud on his wife Denise’s birthday in April 2014 – after hiding his addiction and 500,000 debt from the entire family. The accountant…
DetailsLAWRENCE SMITH/Stuff Doug Robson, with the love of his life Cherie Wells. Robson has emerged from bankruptcy, but his experiences with the Official Assignee have left him angry and depressed. Extraordinary personal stories of bankruptcy are prompting calls for an overhaul of the Insolvency Act, and a plea for more compassion. Rob Stock reports. Doug…
DetailsThe cup of woes of scam-hit Dewan Housing Finance Corporation Ltd (DHFL) runneth over, with BSE and NSE notifying that DHFL equity shares will be suspended from trading with effect from June 14, 2021. NSE, in a circular to its members, said DHFL equity shares will be suspended from trading with effect from June 14,…
DetailsWashington, D.C. Yesterday, a federal judge in Wisconsin issued a restraining order on $4 billion of debt relief that was part of a program designed to help Black and other farmers of color as part of the Biden administrations American Rescue Plan. Following the decision, Nicole Lee Ndumele, vice president for Racial Equity and Justice…
DetailsA passerby walks past a closed Hertz car rental shop on May 23, 2020 in Paris. Edward Berthelot/Getty Images Hertz said Thursday its restructuring plan has been confirmed by court and it is set to exit bankruptcy on June 30. The exit paves the way for creditors to be paid in full and existing shareholders…
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