A man who agreed to hold a semi-automatic pistol, cannabis and two stolen motorbikes in order to pay off a gambling debt has been placed on a 12-month probation bond. Dylan Mooney, 23, became addicted to gambling during long stays in hospital while being treated for cystic fibrosis. He continued to gamble once he was…
DetailsFollowing the National Company Law Tribunal (NCLT) directive, Reliance Communications (RCom) on Wednesday informed the stock exchanges that the administration of the corporate debtor would be taken over by the interim resolution professional (RP) and the corporate insolvency resolution process (CIRP) would resume. The powers of the board of directors or the partners of…
DetailsHe jumped in front of a train at Santahar Junction A carpenter has reportedly committed suicide over IPL gambling debts by jumping in front of a moving train, at Belgharia in Kahaloo upazila of Bogra. The deceased, Sohel Mia, 28, jumped on the rail tracks in front of a train crossing Belgharia at Santahar Junction…
DetailsPursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Uttam Value Steels Ltd. hereby informs your good offices that on May 7, 2019, the Resolution Professional of Uttam Value Steels Ltd. has filed an Application with the Adjudicating Authority for approval of the Resolution Plan submitted by a consortium of…
DetailsAccording to the minutes, Sidway (previously called Merhis Contracting) held the contract to build Stacey Apartments, a $78 million-development of 146 units at 196 Stacey Street, Bankstown, which was completed last year. The Sidway minutes also contain the assertion from Mr Hathway, managing director at corporate insolvency firm Helm Advisory, that “members of the Merhis…
DetailsEven as the National Company Law Tribunals (NCLT) remain over-burdened with innumerable litigations, the four-year old Insolvency and Bankruptcy Code (IBC) is expected to improve realisations for financial creditors to over 80,000 crore by fiscal year 2020, compared to about 66,000 crore recoveries last year, said ratings agency ICRA Ltd. in a press note. That…
DetailsFRANKFURT, Germany German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business. Net profit was 1.92 billion euros ($2.15 billion), down from 2.02 billion a…
DetailsCraig Andrew Hughes (27) of Luton was the registered director of HL Tours Limited from July 2013. Based in Bedford, the company provided private hire coach services catering to schools and private clients. However, the company could not pay its debts and entered into a Creditors Voluntary Liquidation (CVL) in October 2017, owing its creditors…
DetailsThis is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 16th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on May 6, 2019 to discuss the…
DetailsLATEST:A DEBT in excess of $1.7 million to the Australian Taxation Office led to Supercuts Hairdressing Salons being placed in voluntary administration by its shareholders. Staff at the 13 Queensland stores and one in Canberra, were told in the early hours of May 7 their stores would close by the appointment of liquidators and their…
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