Fracsand from a processing plant in Chippewa Falls, Wisc. Steve Karnowski/ AP Photo A frac sand mining company that declared bankruptcy last year is liquidating one of four Wisconsin mines. Prior to the filing, Texas-based Hi-Crush Proppants was one of the state’s biggest producers of sand used in hydraulic fracturing for oil and natural gas.…
DetailsThe Lithuania parliament decided last week that it would enforce a blanket ban on all gambling activities after it received a majority of over 105 votes call for a complete ban on land based and online gambling ads. The proposed gambling ban is expected to come into effect from July 1, 2021. The Lithuania Gaming…
DetailsThe administrator of Dewan Housing Finance Corp. has questioned the curious timing of Mumbai National Company Law Tribunals May 19 direction to the creditors committee. The order of the NCLT has the effect of disrupting the strict timelines under the insolvency code. The CoC is being compelled to vote on promoter Kapil Wadhawans settlement proposal…
DetailsNeil Maloney (45), from Oswaldtwistle, Lancashire, was sentenced to 21 months, suspended for 2 years, for fraud offences after taking more than 26,000 in credit from a car parts distributor. Neil Maloney was made bankrupt in December 2015 and his discharge from bankruptcy was suspended indefinitely. Between May and July 2017, the defendant obtained more…
DetailsBusiness Standard The new restructuring package for small borrowers has little chance of taking off TopicsReserve Bank of India|debt restructuring scheme|Indian Economy Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day, Mark Twain once said. The witticism means getting the biggest, most important…
DetailsA Queensland single mother has shared her heartbreak of being left out of pocket and without a home after a building company’s collapse. Felicity Cameron told 9News former Queensland building company PlanBuild took her $10,000 deposit amid its soaring debt right before it went into liquidation. It’s left Ms Cameron standing on stones in her…
DetailsBusiness Standard The new restructuring package for small borrowers has little chance of taking off TopicsReserve Bank of India|debt restructuring scheme|Indian Economy Eat a live frog first thing in the morning and nothing worse will happen to you the rest of the day, Mark Twain once said. The witticism means getting the biggest, most important…
DetailsTen minutes into “Uncut Gems” and you know who Howard is. He’s a man set in his ways, who’s found success despite the bad decisions he makes. His career as a jewelry store owner has only served to grow his gambling addiction, evidenced repeatedly: He pawns Kevin Garnett’s NBA championship ring, gifts counterfeit Rolex watches…
DetailsSix months after it transferred all the cases related to personal insolvency to itself, the Supreme Court has ruled that creditors can proceed against promoters of defaulting companies to recover debt if such promoters have given personal guarantees to secure funds. The top court has also said that lenders can also proceed against the promoters…
DetailsThe Italian great is looking for a new challenge after confirming his exit from Juventus Former Portuguese champions Belenenses have made a contract offer to Gianluigi Buffon that includes sweets, a museum pass and free lodging. Buffon said earlier this week that he is evaluating his options after confirming his departure from Juventus. If there…
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