Khaitan Electricals Ltd. – Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal – The Hindu BusinessLine

This is to inform you that Honble National Company Law Tribunal (NCLT), Hyderabad Bench vide Order No. CP (IB) No.326/7/HDB/2018 dated 28th August, 2018 has initiated Corporate Insolvency Resolution Process (CIRP) in Khaitan Electricals Limited (Company) under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC), based on the application filed by Bank of…

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Grewal rethinking decision to resign as MP, says he has repaid gambling debts – CityNews Calgary

OTTAWA Liberal MP Raj Grewal says he has repaid his sizable gambling debts and is now reconsidering his hasty decision to quit politics. In a statement posted to his Facebook page late Friday, Grewal ended several days of silence, saying Canadians deserve to know the details of his personal troubles. Grewals sudden decision to step…

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Grewal says in video statement he has repaid millions in debt, is rethinking resignation – The Globe and Mail

Video frame grab of Raj Grewal. Raj Grewal, the Liberal MP whose frequent, high-stakes gambling at an Ottawa-area casino triggered a police investigation, broke his week-long silence on Friday evening, saying he accumulated millions of dollars in debt, all of which has been paid back and can be traced. In an 11-minute video statement, Mr.…

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The Latest: California fire forces insurer into insolvency – CityNews Vancouver

PARADISE, Calif. The Latest on a Northern California wildfire (all times local): 5:30 p.m. State regulators are taking over an insurance company that cant pay out all expected claims after a massive Northern California wildfire. Insurance Commissioner Dave Jones said Friday that destruction from the fire has pushed Merced Property & Casualty Company to insolvency.…

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Ballarat company Ceramet goes into liquidation – Ballarat Courier

news, local-news, The ripple effects of the decline in Australias car manufacturing industry are being felt as a tidal wave in Ballaratafter metal pressing company Ceramet went into liquidation last week. Liquidatorswere appointed on Wednesdayand a source who wished to remain anonymous toldThe Courier30 staff would lose their jobs. Ceramets technical and commercial manager Stephen…

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