This is a good day for mortgage holders, business owners and farmers whose loans have been sold on to so called vulture funds – Cahill. Tipperary Fianna Fil TD, Jackie Cahill has said that the passage of his partys Private Members Bill to regulate so called vulture funds is a major step forward for Tipperary…
DetailsOfficials in Vernon Township have approved an agreement with Mountain Creek that is aimed at helping the resort emerge from bankruptcy — and it includes a hike in ticket prices for skiing and other attractions at the park. Under the deal, Mountain Creek is imposing a 7 percent fee as part of admissions to the…
DetailsGeneral News of Saturday, 22 December 2018 Source: citinewsroom.com A Deputy Minister of Trade and Industry, Robert Ahomnka-Lindsay A Deputy Minister of Trade and Industry, Robert Ahomnka-Lindsay has assured that the corporate insolvency bill will be passed within the first quarter of next year. The assurance follows the completion of the necessary parliamentary procedures surrounding…
DetailsWe wish to inform you that Honble NCLT Chandigarh Bench, vide its order dated 21st December, 2018 in CP(IB)No 80/CHD/Hry/2018, on an application filled by M/s Tata Blue Scope Limited under section 9 has initiated the Corporate Insolvency Resolution Process in respect of the Corporate Debtor Richa Industries Limited.The Honorable Adjudicating Authority has appointed the…
DetailsRelated Story: Redstar Transport goes into liquidation, threatening jobs and Christmas mail A Melbourne logistics company has collapsed just days before Christmas, reportedly telling its 120 workers it cannot afford to pay them for the past week as it goes into receivership. Key points: Fastline International specialises in online, wholesale and…
DetailsIf glitzy ads and the scent of evergreens entice you to choose debt when you mean to choose joy, your holiday may already be haunted by the Ghost of Christmas Yet to Come. Twenty-eight percent of shoppers who used credit cards to pay for last years holidays are still paying for them. Think about how…
DetailsThe Kolkata Bench of the National Company Law Tribunal (NCLT) has directed initiation of corporate insolvency resolution process (CIRP) against Eastern Coalfields Ltd (ECL), a subsidiary of Coal India. The NCLT admitted the insolvency petition filed by Gulf Oil Lubricants India Ltd against ECL, which allegedly refused to pay the interest on debt outstanding towards…
DetailsPersonal debt relief pushed, forgiveness to be offered Dec 22,2018 The government is going all out to ease the debt burdens on lower-income households as a part of its inclusive-finance policies, especially since the challenges faced by these households are expected to increase with the recent rise in the benchmark interest rate…
DetailsDisclosure under Regulation 30(2) and Schedule III of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 concerning “LIST OF CREDITORS” of Ortel Communications Limited as required under Regulation 13(2) of Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. Pdf Link: Ortel Communications Ltd –…
DetailsDanish insurer Qudos, which fell into liquidation last month, has been declared bankrupt by a court in Denmark. As a result, the danish Guarantee Fund will now be expected to cover the costs of outstanding claims for the company. Qudos has over 51,000 customers in Ireland,Irelands Insurance Compensation Fund could have been forced to pay…
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