The father of a boy allegedly kidnapped for ransom from his Gold Coast home on Friday has denied he has gambling or business debts. The man, who cannot legally be identified, today told 9NEWS he had been prepared to pay the ransom demanded. In China I already prepared the money to pay a ransom. I…
DetailsJonathan Eley and Naomi Rovnick in London May 17, 2018 Print this page Struggling childrens goods retailer Mothercare has become the latest UK high street chain to agree a lifeline deal with its creditors as the consumer downturn and the rise of online commerce piles the pressure on traditional shops. Following similar moves by floorings…
DetailsA mother who allegedly fled Queensland with her twin daughters and hid them from their father for four years won’t be able to contact them under bail conditions. The 45-year-old was charged with two counts of child stealing after she was allegedly found with the girls, aged 11, in the NSW town of Taree two…
DetailsMothercare is to close 50 stores with the potential loss of at least 800 jobs and is rehiring its former chief executive who was sacked only last month under a rescue plan designed to secure the future of the struggling baby goods and maternity retailer. The group said Mark Newton-Jones, who was ousted in April,…
DetailsBy PTI NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) will next week hear Bhushan Steel promotor Neeraj Singal’s plea against acquisition of the company by Tata Steel. Singal has sought a stay on the National Company Law Tribunal (NCLT) order approving Tata Steel’s bid for the debt-ridden Bhushan Steel under corporate insolvency resolution…
DetailsThe UKs largest personal insolvency provider has announced its expansion with the opening of a new office and subsequent recruitment drive in Greater Manchester. Creditfix, which looks after tens of thousands of people who struggle with their money each year, has confirmed significant expansion in their office in Lowry Mill in Swinton, Salford. The new…
DetailsThe mother allegedly disappeared after the collapse of her marriage, which happened about the time she was declared bankrupt. The court heard she vanished during a custody dispute, and believed the girls were being abused by their father. There was no evidence to support that claim, the court heard. Since the woman was located, the…
DetailsA mother who allegedly fled Queensland with her twin daughters and hid them from their father for four years has been granted Supreme Court bail. The 45-year-old was charged with two counts of child stealing after she was allegedly found with the girls, aged 11, in the NSW town of Taree two weeks ago. She’s…
DetailsCisco Systems Inc. shares slipped in extended trading after the network-equipment makers fourth-quarter forecasts fell short of Wall Streets most optimistic projections. Before the company provided its outlook for the current period, the stock had surged 32 percent in a year, last week reaching the highest price in more than 17 years. While Cisco said…
DetailsSeeks termination of resolution process; if allowed, will be a first for cases being resolved under IBC. Binani Industries (BIL) on Wednesday moved the National Company Law Appellate Tribunal (NCLAT) offering to clear 100% of the claims of all creditors within two weeks if its subsidiary Binani Cement was brought out of the purview of…
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