Wipro shares fell as much as 2.5 per cent as the company had on Monday said that one of its telecom clients in India has filed for bankruptcy and it would impact its profit for the March quarter and year ended March 31, 2018. “On February 28, 2018, the client filed a petition to initiate…
DetailsRelated Story: Gas company ‘knew it was causing damage but allowed it to continue’ The pursuit of Linc Energy for serious environmental harm sounds a loud warning to Queensland industry that any large company doing the wrong thing will be rigorously pursued, an environmental lawyer says. But the Opposition said the…
DetailsWipro share price settled flat in Monday’s trade even as the IT major said its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings. Without naming the client, the third largest software services firm in India, led by Azim Premji, said its profitability…
DetailsThe Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of a restructuring project in the past five years. Photo baogiaothong.vn HÀ NI The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of…
DetailsBinani Industries in its submission before the Kolkata bench of National Company Law Tribunal (NCLT) on Monday said that it has filed an application before Supreme Court for setting aside the April 5 order passed by the National Company Law Appellate Tribunal (NCLAT). It has also prayed for the termination of insolvency proceedings against Binani…
DetailsIn a significant development in relation to the Insolvency and Bankruptcy Code, 2016, the Supreme Court today issued notice to the Central government in a petition challenging the vires of various provisions of the Insolvency and Bankruptcy Code, 2016 (Code). Most importantly, the petition also assails all the appointments made to NCLT and NCLAT prior…
DetailsMILWAUKEE, April 9, 2018 /PRNewswire/ — The Bon-Ton Stores, Inc. (OTCQX: BONT) (“the Company”) today announced that it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group (the “investor group”), pursuant to which the investor group…
DetailsWe Are Still a Nation at Risk, But We Can Avert By Listening to Consumers Opinion: Student Loan Borrowers Need Help Now, Or Their Debt Could Hurt Them, And This Country, For Decades to Come 3 Ways A Nation at Risk Gave Voice to a New Generation of Education Advocates 35 Years Later, Blockbuster Reagan-Era…
DetailsCalcutta: The Supreme Court will hear a special leave petition filed by Binani Industries to terminate the ongoing insolvency proceeding against subsidiary Binani Cement on Friday amidst protests from Dalmia Cement Bharat, which strongly objected to the proposed out-of-court settlement. Binani Industries filed the petition over the weekend, the Calcutta bench of National Company Law…
DetailsUnaudited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At March 31, 2018, the Company reported unaudited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $15.4 million, $1.3 million and $14.1 million, respectively. Assets in liquidation at March 31, 2018 included the $8.1 million…
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