Restructuring of the national carrier will take place with the new Board coming up with a strategic plan to revive the airline after the festive season, Public Enterprises and Kandy Development Minister Lakshman Kiriella told Business Observer. We are in the process of finding a strategic partner to invest in the airline and turnaround the…
DetailsThe Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of insolvent Electrosteel Steels. The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of insolvent Electrosteel Steels for failure to consider the claim of an operational creditor, and…
DetailsWritten by Mithun Dasgupta | Kolkata | Published: April 15, 2018 3:49:11 am National Sales claims fell in the category of 31 operational creditors for which claims are under dispute in the pre-corporate insolvency resolution process The Insolvency and Bankruptcy Board of India (IBBI) has imposed a monetary penalty on the resolution professional (RP) of…
DetailsTaking out a personal loan to pay off your debts is one easy way to consolidate your various high-interest debts into one monthly payment Debt consolidation is often associated with emails that land in your spam. But in reality debt consolidation, when offered by a reliable bank or specialised company, is a good financial tool…
DetailsEuropean equity markets are broadly unchanged this morning as traders dont know which way to look. Geopolitical tensions have taken another turn lower after Saudi Arabia intercepted a missile attack yesterday. Rising tensions in the Middle East, and the possibility of a trade war breaking out, have left some investors sitting on the fence. The…
DetailsThe Insolvency Petition filed against SEL Manufacturing, the first company under the Reserve Bank of Indias (RBI) second list to have been referred to the National Company Law Tribunal (NCLT), has now been admitted. SBI referred the case to Chandigarh Bench of the NCLT on October 12, 2017 under Section 7 of the Insolvency and Bankruptcy…
DetailsPUBLISHED: 14:30 13 April 2018 | UPDATED: 10:00 14 April 2018 Fashion chain Select will not axe jobs or stores as part of restructure. Picture: Dominic Lipinski/PA Wire High-street retailer Select will not close stores after creditors agreed to a restructuring plan which will save 2,000 jobs across the UK. The womens fashion chain, which…
DetailsGABORONE, April 11 (Reuters) – Botswanas High Court has taken Tati Nickel Mine out of provisional liquidation, dismissing a request for more time to negotiate with potential buyers, the liquidator said on Wednesday. Tati a subsidiary of the liquidated BCL mine group has since October 2016 been under provisional liquidation, which was twice extended after…
DetailsActress Chloe Moretz’s father, McCoy Moretz, 59, declared bankruptcy in 2005 McCoy Moretz and Chloe’s mother and his then-wife Teri, owed millions to dozens of companies including banks, credit cards, auto firms, and stores When they declared bankruptcy, the couple, who have five children together, had debts of $5,487,891 The bankruptcy was discharged on February…
DetailsPiper Alderman welcomed a senior lawyer to the partnership today. Sarah Johnson, who is based in Sydney, has joined the national firms commercial law team. She moves from Kemp Strang, where she has been executive counsel since 2012. She made the move to Australia and Kemp Strang in 2006 when she joined the firm as…
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