Anil Ambani will approach National Company Law Appellate Tribunal (NCLAT) against an order by the Mumbai bench of National Company Law Tribunal (NCLT) allowing bankruptcy proceedings against him. A spokesperson on Ambani’s behalf assured that the NCLT order will have no bearing on the operations of companies under the Reliance Group – Reliance Infrastructure, Reliance…
DetailsWritten by Aashish Aryan , Edited by Explained Desk | New Delhi | Published: August 21, 2020 4:40:13 pm Anil Ambani during a media interaction in Mumbai. File/Express Photo by Ganesh Shirsekar The Mumbai bench of the National Company Law Tribunal (NCLT) has allowed the initiation of insolvency proceedings against Anil Ambani after two companies…
DetailsFailed Japanese apparel maker Renown Inc. said Friday it will sell some of its main brands, including the Durban suit brand, to an apparel group in Osaka for an undisclosed amount. Renown is likely to go into liquidation after the planned sale of its brands to Koizumi Co.s group companies on Sept. 30, sources close…
DetailsDebt firm worker stole 380,000 from his employers to feed gambling addiction after bookmakers offered him free bets and hospitality at Cheltenham races Glyn Rothwell, 36,stole money from debt management firm Harrington Brooks He used unwitting colleagues to ‘approve’ payments which went to his account Inquiries revealed 343 fraudulent transactions occurred between 2015 and 2019…
DetailsCrystal issued a statement late Thursday to calm fears about its viability as parent Genting Hong Kong pursues a restructuring. ‘Committed to honoring contractual obligations’ ‘It is important to understand that the company is not going out of business,’ the statement said. ‘Whatever option our parent company pursues, it will allow Crystal to operate its…
Details“While we maintain that our recapitalisation plan represents a superior outcome for Virgin Australia and its stakeholders, we acknowledge the Federal Court’s decision. We are undoubtedly disappointed,” the spokesman said. “Australia deserves a strong second airline, and we genuinely believe our recapitalisation proposal is the best long-term option for Virgin Australia and its stakeholders. It…
DetailsDirector Peter Lucas said it was crucial support for insolvency experts was not abandoned before a wave of company failures hit the economy. “There will inevitably be company failures and if we are not there then there is going to be serious problems,” Mr Lucas said. “It’s important that insolvency firms stick around for as…
Detailsadelaide Friday August 21, 2020 MPs refuse to release documents to ICAC’s entitlements probe Your views: on COVID-19 marshalls, Centrelink, prison and planning Rebuilding the Crows: the unthinkable becomes the strategy Busy bees: Adelaide college helps students achieve sweet success Govt now says Centrelink pensions might not go up, but won’t go backwards Adelaide-based pharmaceutical…
DetailsBuy olive oil loved by top Sydney chefs, award-winning saucisson and outstanding eggs thatll remind you what good eggs taste like. Eveleigh arts and culture precinct Carriageworks went into voluntary administration earlier on in 2020. Thankfully, though, its been saved with a mix of government grants and philanthropic donations. And that means its popular weekly…
DetailsFriday’s (AEST) result at the Stadio Alberto Picco made it 1-1 on aggregate, with Spezia moving up to the top flight due to their superior position in the table at the end of the regular season. It completes a miraculous recovery for a club that was declared bankrupt following their relegation from Serie B in…
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