The 7th Meeting of the COC was held on Wednesday, the 10th day of April, 2019 at the premises of State Bank of India, Stressed Assets Management Branch, TSRTC Bus Complex, Kachiguda, Hyderabad – 500 027. The following were put for electronic voting andwere duly passed:To extend the last date of submission of Resolution Plans…
DetailsDUBAI, UAE, April 17, 2019 /PRNewswire/ –Following the independent reports that projected a boost of more than $30 billion in the UAE economy and numerous job openings, Sami Raja, CEO of Sami Raja Consultancy announced his complete support to SMEs and Entrepreneurs who are involved with the event. With numbers predicting a massive boom in…
DetailsFARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
DetailsPursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the 14th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) under the provisions…
DetailsBy Davide Anghileri, University of Lausanne The Italian Revenue Agency has concluded that a sale stock in an Italian company in connection with a business restructuring is exempt from the financial transactions tax because the sale was exclusively aimed at changing the legal form of the entity that will hold the stake in the Italian…
DetailsA NUMBER of Dalby businesses caught up in the 2017 collapse of Ostwald Brothers have been dealt a fresh blow, as liquidators move to recover several million dollars worth of potential “preferential payments” made in the six months before the construction business went bust. Dalby Chamber of Commerce and Industry president Rohan May said the…
DetailsXue Guanglin, the founder of Brightoil Petroleum Holdingsand once a billionaire on the Forbes rich list, was declared bankrupt by Hong Kong High Court following a long-running case involving financial woes at his company. As Xue is a personal guarantor for about US$30 million debt owed by Brightoils Singapore subsidiary to Vietnamese national oil company…
DetailsThe committee of creditors to Gitanjali Gems, promoted by fugutive Mehul Choksi, has decided to liquidate the company to recover 12,558 crore it owes to 31 banks and financial institutions. Choksi along with diamantaire Nirav Modi, are on the run since early last year after they misused credit facilities of banks and defaulted on loan…
DetailsThe court documents have revealed that businessman Wong Yew Choy visited Queensland Casino on July 26. Before departure, he was supposed to pay his A$43.2 million ($30.6 million) debt but did no such thing, claiming that during his stay, dealers made mistakes which werent specified. Star Entertainment QLD is ready to pursue this matter to…
DetailsPayPal has been accused of allowing compulsive gamblers tospend up to 150,000per day, which prompts concerns that gambling addicts are utilizing PayPal to get around the limits established by traditional banks. MPs and gambling experts called for PayPal to exercise more responsibility to stop gamblers from accruing colossal debtthat could force them into bankruptcy. The…
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