Multiple investigations and parallel bankruptcy filings by operational creditors will cast a shadow over the insolvency proceedings of Jet Airways (India) Ltd that its lenders have decided to initiate, experts said. A consortium of lenders led by the State Bank of India (SBI) on Monday decided to approach the National Company Law Tribunal (NCLT) after…
Details(Corrects day of the week to Monday in first paragraph) MILAN, June 17 (Reuters) – An Italian parliamentary committee is set to approve later on Monday a tax measure to spur mergers among banks based in the countrys poorer south, a lawmaker of the ruling League party said, warning of lenders in the region at…
DetailsTo,The General Manager,Department of Corporate Services,BSE Limited,P.J. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 13th CoC Meeting of M/s Southern Online Bio Technologies Limited scheduled on 17th June,, 2019. With reference to the subject cited above, I would like to inform you that the following items were discussed in the 13th CoC meeting of Southern…
DetailsKier Group is to cut 1,200 jobs in the UK, suspend dividend payments and sell its housebuilding and property businesses as it battles to reduce its debt pile. Shares in the troubled construction and services company tumbled to a new low of 114.9p on Monday, down 12%, after crashing 35% on Friday, as its mounting…
DetailsFILE PHOTO: Jet Airways aircraft are seen parked at the Chhatrapati Shivaji Maharaj International Airport in Mumbai, India, April 18, 2019. REUTERS/Francis Mascarenhas/File Photo MUMBAI (Reuters) – Jet Airways creditors said on Monday they plan to begin insolvency proceedings against the Indian airline in a last-ditch bid to find a buyer for the carrier or…
DetailsPhoto: Wikipedia An Islamic further education college has been stripped of its title and been barred from awarding grades to its students by education minister Ingrid van Engelshoven. Van Engelshoven was responding to a report by the education inspectorate into management and financial problems at the Europe Islamic University of Applied Sciences (EIUAS) in Rotterdam.…
DetailsLONDON (Reuters) – Kier Group will sell its housebuilding and property businesses, cut about 1,200 jobs and suspend its dividend for at least two years in a radical overhaul designed to lower debt and stabilise the business. FILE PHOTO: A construction worker wears a branded jacket at the site for the Crossrail station in Tottenham…
DetailsBy Shekhar Aiyar, John Bluedorn, and Romain Duval Growth in the euro area rebounded earlier this year, but it remains fragile, while risks have increased. Now is a good time for euro area economies to strengthen their ability to weather any future economic difficulties. A new IMF staff paper looks at the resilience of euro…
DetailsBruce McClary of the National Foundation for Credit Counseling discusses debt elimination scams, credit scores, and ways consumers can find help to deal with financial problems. Copyright 2019 Federal News Network. All rights reserved. This website is not intended for users located within the European Economic Area. Read the full article at: https://federalnewsnetwork.com/of-consuming-interest/2019/06/avoiding-scams-when-seeking-debt-relief/
DetailsJOHOR BARU: A family here is living in fear due to the constant harassment from a debt collector, believed to be over a refrigerator they bought 11 years ago. The victim, who only wanted to be known as Salina, 55, from Larkin, claimed that her husband bought the fridge in 2008 before going missing eight…
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