Westpac has announced changes to the way it addresses customers wealth and insurance needs. Westpac chief executive, Brian Hartzer, said: We are committed to supporting our customers insurance, investment and superannuation needs as part of our service strategy. The changes were announcing today are about focusing our investment where we have genuine competitive advantage and…
DetailsPotential new home owners have been left out of pocket or facing delays as home builder Mega Homes faces a push to wind up the company. Creditors in the building industry are claiming to be owed sums as high as $480,000 each by the builder, Victorian Supreme Court filings show. It follows the liquidation two…
DetailsHTF MI released a new market study on Global Credit Settlement Market with 100+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. At present, the market is developing its presence. The Research report presents a complete assessment of the Market and…
DetailsThe dedicated bankruptcy court has stayed its earlier order to allow the withdrawal of corporate insolvency process of Sterling SEZ & Infrastructure, a firm owned by brothers Nitin and Chetan Sandesara, believed to be abroad and running away from Indian law. The Mumbai-bench of the National Company Law Tribunal (NCLT) on Friday stayed its earlier…
DetailsPhoto: Rawpixel.com/Shutterstock.com Potter Anderson & Corroon announced that it added three attorneys to its bankruptcy and restructuring practice. Christopher M. Samis and L. Katherine Good join the firm as partners, and Aaron H. Stulman joins as an associate. All three previously worked at Whiteford Taylor Preston. Samis handles corporate bankruptcy, business restructuring and other insolvency-related…
DetailsThomas Cook has told shareholders that it may have been regularly in breach of its own borrowing limits, marking the latest setback for the travel company which is restructuring in the face of shifting consumer habits. The group said on Friday that the board had received external advice that its current interpretation of its financing…
DetailsBig changes sometimes can turn a mediocre company into a good one; thats the second theme of chapter five in Joel Greenblatt (Trades, Portfolio)s You Can Be a Stock Market Genius: Uncover the Secret Hiding Places of Stock Market Profits. Put emphasis on the word big above. Thats the key to finding profitable corporate restructurings:…
DetailsThe Government of the United Kingdom is inclined to impose an outright ban on gambling with credit cards, which is established as a risk factor for developing problem gambling behaviours and fueling a gambling addiction. Following calls by the Labour Party for stopping the practice of gambling with money that you do not actually…
DetailsSTAR Entertainment Group says it is “vigorously” pursuing a Singaporean high roller who claims dealing “mistakes” entitle him to write off a $43.2 million gambling debt on the Gold Coast. In a case set to provide a fascinating insight into the world of high-stakes casino betting, Star is suing Dr Wong Yew Choy in the…
DetailsAs you are aware the Company is under Corporate Insolvency Resolution Process as per Order dated 23rd March, 2018 issued by the Honble National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT has vide its Order dated 6th August, 2018 appointed Mr. Udayraj Patwardhan (Reg. No. IBBI/IPA-001/IP-P00024/2016-2017/10057) as the Resolution Professional of our Company. The…
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