Following an investigation by the Insolvency Service, the Secretary of State for Business, Energy, & Industrial Strategy accepted a disqualification undertaking from Juris Vezenkovs for seven years, effective from this month. Vezenkovs was a director of McDouglas Developments Limited who failed to ensure that the receipts were declared on the companys VAT Returns which resulted…
DetailsJaypee Infratech has defaulted on Rs526.11 crore of loans outstanding to IDBI Bank. Photo: Ramesh Pathania/Mint New Delhi: The Supreme Court on Wednesday restrained the independent directors and promoters of Jaiprakash Associates Ltd (parent company of Jaypee Infratech) and their family members from transferring any personal assets or property without the courts permission in order…
DetailsAt least 100 brides to be around the country are in the throes of a pre-nuptial frock emergency after luxury Perth bridal house Pallas went into voluntary administration. It was another dark day for Perth retail yesterday with 23-year-old WA streetwear chain Live Clothing also going into the hands of external administrators. Pallas, with salubrious…
DetailsNew Delhi: The Union cabinet on Wednesday cleared an ordinance to bar wilful defaulters and businesses with dubious antecedents from bidding for stressed assets to prevent the misuse of the bankruptcy code enacted to clean bank balance sheets and resolve industrial sickness. Finance minister Arun Jaitley told reporters that the year-old insolvency & bankruptcy code…
DetailsNEW YORK, Nov. 22, 2017 /PRNewswire/ — It was announced today that New York based Fashion to Figure will close its remaining 19 stores across 6 states following a total liquidation of the Company’s inventory. On Wednesday, a U.S. Bankruptcy Court judge in New Jersey approved an order authorizing a joint venture of SB Capital Group, LLC,…
DetailsThe network infrastructure and 4G deployment field has been buzzing with a flurry of recent activity and Ericsson ERIC has undoubtedly been quite in the thick of things. However, the company continues to grapple with low investments in mobile broadband and all-pervasive weak demand. The beleaguered infrastructure giant’s repeated earnings misses, eroding profitability and its…
DetailsThis is the second story in a new MarketWatch series, Gifts that pay off. Every Monday, Wednesday and Friday between now and Dec. 25, we will look at gifts that could potentially earn the receiver money. But this year, consider one of the few gifts whose worth truly multiplies: help paying for college or repaying…
DetailsEnglands players have opted against giving a portion of their match fee to their Samoan counterparts ahead of Saturdays clash at Twickenham. Anthony Watson revealed that the possibility of donating part of the £23,000 they are paid for each Test as recently suggested by Mako Vunipola would be discussed this week. The Samoa Rugby Union,…
DetailsWritten by Sunny Verma | Updated: November 22, 2017 9:06 pm Arun Jaitley Related News The Union Cabinet approved the promulgation of an ordinance Wednesday to amend the Insolvency and Bankruptcy Code (IBC) to streamline the stressed-assets resolution process and effectively bar wilful defaulters from bidding for companies being put up for sale under the…
DetailsIts rare that a Budget comes along with cheering news on the travel front. After all, though the travel industry may argue that they are a vital and vibrant part of the economy, chancellors dont tend to have much sympathy for holidaymakers. The Treasury certainly doesnt like us to take all that sterling out of…
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