Jai Balaji case: Calcutta HC recalls winding-up order Providing relief to State Bank of India in the case of defaulting Jai Balaji Industries (JBIL), the Calcutta High Court has recalled its winding-up order against the debt-laden steel producer. In its application filed before the high court, SBI had prayed for recalling the order directing the…
DetailsA SkyCity VIP is due back nearly $350,000 in legal fees and expenses after her friend unsuccessfully sued her over an alleged $800,000 gambling debt. The costs ruling, released this month, follows a judge ruling the loan contracts between the Auckland women were illegal. Over 11 months between April 2014 and March 2015, Xiufang Sun…
DetailsMr Mohammed Miah and Mrs Anwara Miah, were both directors of Murrayfield Developments Limited (MDL), which was incorporated in 2004 and traded as The Original Raj Hotel in Edinburgh. From January 2012, Mr and Mrs Miah were joint directors of MDL and the company ceased trading on 19 November 2015 and went into liquidation on…
Details11:43 28/06/2018 MOSCOW, June 28 (RAPSI, Nikita Shiryayev) The Commercial Court of St. Petersburg and Leningrad Region has declared co-owner and ex-president of Baltiyskiy Bank Oleg Shigayev, who stands charged with embezzlement of 3 billion rubles ($55 million), bankrupt, according to court records. Earlier, the court has initiated debt restructuring process against Shigayev. His debt…
DetailsMike VanErdewyk founded ReliaMax in 2006. On June 27, 2018, a judge approve a state plan to liquidate the company.(Photo: Submitted) A circuit court judge on Wednesday approved a petition to place a Sioux Falls company that insures and services student loans into liquidation. ReliaMax Surety Co. will have all remaining assets liquidated by the…
DetailsTHIS should have been one of the darkest weeks in the history of General Electric (GE). The firm founded by Thomas Edison has been a member of the Dow Jones Industrial Average, a stockmarket index comprised of leading American companies, for over a century. Alas, mismanagement and a failure to move with the times have…
DetailsA former Caltex franchisee has today been handed nearly $100,000 in penalties by Australias Fair Work Ombudsman over serious breaches of the watchdogs record-keeping laws. The Sydney-based Five Dock store was first pulled up before the Ombudsman last year over allegations the franchisee had underpaid six international workers, but on investigation, the documents provided to the…
DetailsPhoto: YouTube screengrab Yesterday, co-founder of obike Edward Chen announced to reporters that matters in Singapore are being dealt with by the local team and also the legal team and the liquidation agent. This comes after bike-sharing company oBike ceased operations in Singapore on Monday. Simultaneously, many users of the app have gone into…
DetailsAlongside Duck Soup, Andy Kaufmans Mighty Mouse bit, and season five of The Simpsons, there are few things that are held in such high esteem as the stand-up oeuvre of George Carlin. (Rather than yell at me on Twitter, please replace my Comedy Hall of Fame choices with your own personal favorites. You get what…
DetailsA debt-ridden manager of an LGBT pub resorted to stealing customers money by smashing open the bars gaming machines. Paul Anthony Brown was at the helm of The Oak in Middlesbrough as the business spiralled into decline and went to extreme lengths to pay his rent arrears. He stole cash from the gambling machines –…
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