Accountancy and business advisory firm BDO has strengthened its business restructuring offering in the Midlands with the appointment of a new partner. Ryan Grant joins the firms Birmingham office today, bringing more than 18 years experience in business restructuring having been a partner at AlixPartners (formerly Zolfo Cooper) for the last eight years. He has worked…
DetailsRabat Morocco has signed an agreement with the World Bank to engage youth in business, create employment, and reduce the debt to GDP ratio. The new partnership agreement, set to take effect January 2019, aims to address Moroccos health, socioeconomic, and unemployment challenges. According to Le360, the World Bank has pledged to give Morocco a…
DetailsCreated by the Coalition and expanded by Labor, the scheme granted private colleges virtually unregulated access to government subsidies for virtually every student they enrolled. This created a perverse incentive for some colleges to enrol as many people as they could, sometimes luring them with laptops and other incentives to sign up to often substandard…
DetailsThe IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. The enactment of the Insolvency and Bankruptcy Code (IBC) has created a paradigm shift in the regulatory framework and processes governing corporate insolvency. The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.With…
DetailsWe would like to inform you that with a shorter notice vide the Notice dated 26 August 2018 issued by CA Vishal Ghisulal Jain, Interim Resolution Professional, the 1st meeting of the Committee of Creditors of Sterling International Enterprises Limited was held at The Orchid, 70/C, Nehru Road, Adjacent to Domestic Airport, Vile Parle (E),…
DetailsS.E.S.s Shoo has reportedly taken out a loan to pay off her gambling debts, as well as to finance other expenses such as legal fees as she faces her lawsuit. It was recently reported that the celebrity took out a loan of 345 million won (approximately $310,000), with the house that she and her family…
DetailsConstruction firm HCC‘s real estate firm Lavasa Corporation will face insolvency proceedings with the NCLT on August 30 admitting plea of lenders of the debt-ridden realty firm. Lavasa Corporation is developing a hill city ‘Lavasa’ near Pune in Maharashtra. In a filing to the BSE, the HCC today said that the National Company Law Tribunal…
DetailsJOSEPH JOHNSON/STUFF Students from Avonmore Tertiary Institute are considering their next moves after the college announced its voluntary liquidation on Thursday. A Christchurch training college has gone into voluntary liquidation, leaving about 140 students and 25 staff in tears and unsure of their futures. Avonmore Tertiary Institute told staff, students, and government agencies on Thursday that it “can no longer…
DetailsThe Hyderabad Bench of the National Company Law Tribunal has permitted corporate insolvency proceedings against Ind-Bharat Energy (Utkal Limited), as per the provisions of the Insolvency and Bankruptcy Code, 2016 paving the way for resolution. The Tribunal, while delivering its order on petitions filed by Bank of Baroda and Macquarie arm MAIF Investment India pte…
DetailsLuxury township Lavasa Corporation has been referred to the National Company Law Tribunal (NCLT) for insolvency proceedings by its operational creditors on Thursday. NCLT has appointed Devendra Prasad as Interim Resolution Professional under the provisions of the IBC, parent company HCC informed the stock exchanges. The National Company Law Tribunal vide its order dated 30/08/2018…
Details