Noble Group Ltd. is talking to creditors about a conventional restructuring that includes a debt-for-equity swap, according to people familiar with the talks, changing tack from an earlier proposal as the commodities trader tries to secure its survival. After talks in Hong Kong last week, the commodities trader is expecting a proposal from its creditors to…
DetailsDear Steve, I have a large over $50K in credit card debt. Most was racked up during an injury. I get debt solution letters daily promising help. Are any of these debt relief companies real? Dear Brian, Its amazing how such an innocent question can be so complicated to answer. The offers are real but…
Details, ET Bureau| Updated: Dec 12, 2017, 08.38 PM IST EXPAND TO VIEW ALL Mumbai: Insolvency and Bankruptcy Code seems to be cure-all for every default in this country with the Bombay Stock Exchange deciding to file proceedings for its unpaid fees. Select listed companies have failed to pay annual listing fees to BSE despite…
DetailsTo facilitate the restructuring, the Company and its subsidiaries have filed voluntary petitions under Chapter 11 in the United States Bankruptcy Court for the District of Delaware. Charming Charlie expects to operate the majority of its stores and its website as usual during the court-supervised process. Subject to Court approval, the Company also intends to…
DetailsJSW Group chairman Sajjan Jindal on Tuesday questioned the finance ministry on discriminating against clean promoters of NCLT cases by not allowing them to bid for their own assets when promoters of non-NCLT cases are allowed to retain their positions while a resolution plan is being worked out for their companies. “Existing promoters are allowed…
DetailsThe insolvency laws in India have quite the complicated history to say the least. However, with the advent of the code, there have been unprecedented changes in the landscape of insolvency laws in India, most importantly the inclusion of the concept of ‘corporate insolvency resolution process’ and this is exactly what this article intends to…
DetailsPublished 6:59 am, Monday, December 11, 2017 BIRMINGHAM, Ala. (AP) Police are investigating the slaying of a man found shot at an Alabama apartment complex. Birmingham police say officers were called Sunday evening to the HighPointe Apartments complex. The victim was found shot in one of the apartments. Al.com reports that police say their preliminary investigation…
DetailsDec 12 (Reuters) – BSE Ltd: * BSE TO FILE PROCEEDINGS AGAINST DEFAULTING LISTED COMPANIES UNDER INSOLVENCY AND BANKRUPTCY CODE, 2016 * PROCEEDINGS FILED AGAINST 7 DEFAULTING COS BEFORE NCLT, MUMBAI ON ACCOUNT OF THEIR FAILURE TO PAY ANNUAL LISTING FEES OVER PERIOD OF TIME * SIMILAR ACTION BEING ENVISAGED AGAINST OTHER COMPANIES TOO *…
DetailsAs the Indian economy attempted to move from an agrarian economy and adopted economic plan to foster industrialization, major policies of the government, including legislative provisions, were directed to achieve rapid industrialization. With focus on industry and to provide basic legislative support for the development and regulation of industries, the Industries (Development and Regulation) Act…
DetailsBIRMINGHAM, Ala. (AP) Police are investigating the slaying of a man found shot at an Alabama apartment complex. Birmingham police say officers were called Sunday evening to the HighPointe Apartments complex. The victim was found shot in one of the apartments. Al.com reports that police say their preliminary investigation shows the slaying may have results…
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