ArcelorMittal is spoiling the bidding game of Essar Steel. Despite its lobbying with the Indian government, its illegal bid should not be cleared as it does not meet the eligibility criteria as per the current Insolvency and Bankruptcy Code (IBC), said VTB Capital, one of the two bidders for Essar Steel. ArcelorMittal is the…
DetailsOrissa Slurry Pipeline is a 253km pipeline that is responsible for transporting about half the raw materials for Essar Steels plant in Odisha. Mumbai: IDBI Bank Ltd is likely to initiate insolvency proceedings against Orissa Slurry Pipeline Infrastructure Ltd, the company that operates the pipeline supplying raw materials to Essar Steel Ltds Odisha plant, according…
DetailsNEW YORK/LONDON (Reuters) – The U.S. Department of Justice on Friday unveiled criminal charges against 10 defendants, including London-based brokerage Beaufort Securities Ltd, over their alleged roles in a more than $50 million stock fraud and a laundering scheme involving a late work by Pablo Picasso. FILE PHOTO: The exterior of the U.S. Department of…
DetailsSean Pyles, NerdWallet Published 7:00 a.m. ET March 4, 2018 CLOSE With tax deadline approaching, the number one question to consider: Should you hire a tax professional or use tax software? We explain. USA TODAY Individual income tax forms(Photo: Daniel Acker, Bloomberg) Tax season and tax refunds can be a financial lifeline for many Americans.…
DetailsA QUEENSLAND owned and operated organic retailer has gone into liquidation, owing $2.8 million to more than 200 creditors. Wray Organic Pty Ltd, which operates stores under the Wray Organic banner in Toowoomba, Ipswich, and Newmarket, was established by owner Deborah Wray and her partner Gary Davis at Palm Beach on the Gold Coast in…
DetailsDIPLOMA. Choice Living. Cooper & Oxley. BCL Group. Theyve become household names in this town, but for the most unfortunate of reasons. All have hit the skids (though Cooper & Oxley seems a fighting chance to trade out of its woes). The common thread? Hardworking small businesspeople subcontract tradespeople and suppliers are left holding the…
DetailsState bank of India has taken the debt trapped Hyderabad-based construction and infrastructure company IVRCL Limited to the National Company Law Tribunal. The Hyderabad-branch of the NCLT, while admitting the SBI petition, against IVRCL, which is amongst 28 accounts on the Reserve Bank of India list of large non performing assets, appointed Sutanu Sinha as…
DetailsThe problem is the large interest rate on the large debt. Say you can manage to shovel $200 onto the card each month youd still pay $700 in interest over two years. Loading Instead you need to pay no interest with a card offering a 0 per cent balance transfer but yes, you need to…
DetailsMr McGraths account at William Hill has been held in the name of John Wilson said one insider who added that the real estate figures last bet was in mid December, 2017, when Mr McGrath deposited $500,000 into his account at William Hill. The half a million dollars was not used to reduce his debt…
Details… Read the full article at: https://www.stamfordadvocate.com/business/article/Bankrupt-Cenveo-grapples-with-shareholder-unrest-12722682.php
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