New Delhi: The National Company Law Appellate Tribunal (NCLAT) on Friday gave a go-ahead to the lenders’ meeting of debt-ridden Bhushan Power & Steel (BPSL), directing it to finalise a bid for the company. Vacating its earlier stay, the appellate tribunal has directed the committee of creditors (CoC) of the company to consider the resolution…
DetailsA standover attack in which a man allegedly threatened to shoot off another man’s leg has been dismissed as the “fantasy” of a “crook” in a Canberra court. Javarne Saipani, 25, is on trial in the ACT Supreme Court accused of showing the alleged victim a gun and threatening to “take off his leg”…
DetailsSumo Salad’s battle with landlords takes its toll, administrators in charge. The battle with retail landlords has taken its toll on the Sumo Salad group which has been placed in the hands of voluntary administrators for the second time in a little over a year. Morgan Kelly and Peter Gothard, of Ferrier Hodgson, have…
DetailsScott D. Levin Appointed Interim President and Chief Executive Officer Company Provides Update on 2018 Business Outlook DOWNERS GROVE, Ill., July 19, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq:FTD) (FTD or the Company), a premier floral and gifting company, today announced that its Board of Directors has initiated a review of strategic alternatives focused…
DetailsAustralian food retailer SumoSalad has placed itself into voluntary administration in order to give the company some breathing space and help the owners restructure the business. In a statement, the company revealed its management had placed the company into administration as part of a long-term strategy to restructure and extend the brand. However they stressed…
DetailsAs small business owners across the country lodge their tax returns, brokers can play a key role in helping them. This is the message from specialist lender Liberty, which helps small business customers consolidate their tax debt. Group sales manager at the specialist lender, John Mohnacheff, said brokers should be reaching out to their small…
DetailsThe Nevada Supreme Court has ordered a new trial for an Italian businessman sued by The Wynn over a $1 million gambling debt. Mario LaBarbera visited Las Vegas in 2008 and, while staying at The Wynn, lost $1 million of his own money and $1 million in marker credit extended to him by the resort.…
DetailsA Dublin man who was pressured into delivering more than 120,000 worth of cannabis in order to pay off his brothers drug debt has been given a two-and-a-half year jail term after his original suspended sentence was deemed too lenient. Brian OGrady (32) with an address in Liam Mellows Road, Finglas, Dublin, had pleaded guilty…
DetailsScott D. Levin Appointed Interim President and Chief Executive Officer Company Provides Update on 2018 Business Outlook DOWNERS GROVE, Ill., July 19, 2018 (GLOBE NEWSWIRE) — FTD Companies, Inc. (Nasdaq:FTD) (FTD or the Company), a premier floral and gifting company, today announced that its Board of Directors has initiated a review of strategic alternatives focused…
DetailsInsolvency proceedings have been launched on the funds that own a pair of modern German supramax bulkers. The KG (limited partnership) owners of the 57,000-dwt Achat and Almandin (both built 2010) have thrown in the towel after failing to recover from the bankruptcy of a South Korean counterpart. The two supramax bulkers are destined to…
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