Debt-ridden Ruchi Soya Industries on Tuesday said that insolvency proceeding has been initiated against the company and the powers of its board have been suspended. On December 9, the company had said that petitions filed by Standard Chartered Bank and DBS Bank against Ruchi Soya Industries before the National Company Law Tribunal (NCLT), Mumbai have…
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DetailsAfter 160 years of lending a rakish look to the likes of Winston Churchill, Humphrey Bogart and Indiana Jones, an iconic Italian hat company has been declared bankrupt. Borsalino, famed for its stylish fedoras and panamas, was declared insolvent after a court in Alessandria, northern Italy, rejected a rescue plan and placed the company in…
DetailsFind out which companies are about to raise their dividend well before the news hits the Street with StreetInsider.com’s Dividend Insider Elite. Sign-up for a FREE trial here. UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date…
DetailsFamed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company and put it into administration, Elio Bricola from…
DetailsThe Gujarat High Court has issued a show cause notice to the Central government in a challenge to the Insolvency and Bankruptcy Code (IBC), 2016. A Division Bench of Chief Justice R Subhash Reddy and Justice Vipul M Pancholi issued notice returnable on January 22, 2018, in a petition filed by Accord Industries Ltd, Ahmedabad,…
DetailsA hat in a “Borsalino” flag-ship store in Florence. Photo: Vincenzo Pinto/AFP Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in “Casablanca” and Harrison Ford’s lucky headgear in the “Indiana Jones” movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue…
DetailsA British psychiatrist has withdrawn his application for a crucial mental health role at Cairns Hospital, Queensland’s health minister has confirmed. News Corp Australia reported that Richard Wayne Seamark was in the running for the $400,000 role of clinical director of mental health, despite his work history revealing he was banned as a company director…
DetailsChennai, Dec 19: The National Company Law Tribunal will hear China Development Bank and Ericsson’s insolvency petitions against Reliance Communications on January 5. Earlier last month, China Development Bank had filed an insolvency case against the telecom company. CDB, a lender to RCom, has filed the suit with the National Company Law Tribunal (NCLT) in…
DetailsMILAN (AFP) – Famed Italian hatmaker Borsalino, the company behind Humphrey Bogart’s fedora in Casablanca and Harrison Ford’s lucky headgear in the Indiana Jones movies, was declared bankrupt on Monday, a trade union said. A court in Alessandria in northern Italy threw out a rescue plan for the legendary company and put it into administration,…
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