Berlin (AFP) – Austrian airline Niki said Wednesday that it would stop flying from Thursday after German giant Lufthansa gave up plans to buy it from bankrupt Air Berlin in the face of EU competition concerns. Austria’s Niki in trouble as Lufthansa drops bid Niki said earlier that it had applied to open insolvency proceedings…
DetailsWILMINGTON, Del. (Reuters) – A U.S. judge shot down on Wednesday a request by creditors of Westinghouse Electric Co LLC for a bigger role in the nuclear technology companys bankruptcy just days after its parent company Toshiba Corp (6502.T) proposed a restructuring plan. FILE PHOTO – The logo of the American company Westinghouse is pictured…
DetailsWritten by George Mathew | Mumbai | Published: December 14, 2017 1:30 am RBI had told banks to either resolve 28 stressed accounts by Dec 13 or refer them to NCLT by Dec 31. Bankers have set in motion the process of referring most of the 28 defaulters identified by the Reserve Bank of India…
DetailsAustrian airline Niki said Wednesday that it would stop flying from Thursday after German giant Lufthansa gave up plans to buy it from bankrupt Air Berlin in the face of EU competition concerns. Niki said earlier that it had applied to open insolvency proceedings following Lufthansa’s announcement that it had “informed Air Berlin and its…
DetailsBerlin (AFP) – Austrian airline Niki said Wednesday that it would stop flying from Thursday after German giant Lufthansa gave up plans to buy it from bankrupt Air Berlin in the face of EU competition concerns. Austria’s Niki in trouble as Lufthansa drops bid Niki said earlier that it had applied to open insolvency proceedings…
DetailsJERUSALEM–(BUSINESS WIRE)–Teva Pharmaceutical Industries Ltd. (NYSE: TEVA) announced today that it will issue a press release on its restructuring plan and additional measures to improve its business and financial performance on Thursday, December 14, 2017 at 7:00 a.m. ET. Following the release, Teva will conduct a conference call and live webcast on the same day,…
DetailsAre you tired of struggling to save money and still being unable to enjoy a decent living because debts keep accumulating? Are you suffering from chronic stress caused by the pressure of repaying each month the seemingly endless loans? Do you feel like the quality of your life dropped significantly because of these financial inconveniences?…
DetailsThe government may remove the blanket ban on corporate guarantors of failed businesses bidding for stressed assets during the resolution process as it seeks to soften some of the rigidities in a recent ordinance amending the Insolvency and Bankruptcy Code (IBC). It may also create a carveout for smaller insolvent firms to allow their promoters…
DetailsSherri Parker Chapman and Susan Parker are launching Southern Estate Liquidations, a revolutionary estate liquidation company. Southern Estate Liquidations will be pioneering the way for estate owners across the Southeast with its finger is on the pulse of the most aggressive buyers and sellers. This cutting edge company is ready to revolutionize the “Mom and…
DetailsManoj K Singh The Insolvency and Bankruptcy Code (IBC), 2016, has been enacted to reorganise and provide for the insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner inter alia for maximisation of value of assets. The Corporate Debtors, Operational Creditors, Financial Creditors, Insolvency Professionals and other persons involved in the…
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