This follows WWSA chief executive officer Peter Lombard refusing to answer questions about the alleged closure of the business after team leaders were informed that the company could be shutting down and liquidating its assets. TimesLIVE has established that team leaders were sent a text message on Wednesday informing them to no longer engage in…
DetailsThe New Delhi bench of the National Company Law Tribunal has started corporate insolvency resolution proceedings (CIRP) against Applied Electro Magnetic for not paying salary to an employee for a long time, the Times of India reported. This is possibly the first ever instance of NCLT giving such a ruling under the Insolvency and Bankruptcy Code…
DetailsMark Schwarzer The former Middlesbrough and Fulham No.1 currently holds the record for the most caps for the Australia senior team with 109 and is the only non-British player to date to make more than 500 appearances in the Premier League. He was also the first player to win back-to-back EPL titles with two different…
DetailsThe governments new and improved rules for insolvency resolution are not good enough and will pave the way for huge political embarrassment for the government. Neither the original rules nor the new ones preclude original promoters who ran their companies into bankruptcy repossessing their assets on the cheap, shorn of debt. This is a bad…
DetailsBOUNTY Mining Limited has raised $17 million to purchase Cook Colliery mine, with plans to resume operations by early next year. Bounty will settle the acquisitions, which also includes the Minyango Coal Project, for $31.5 million, with $6.7 million paid on completion and the balance deferred and paid over 18 months. The purchase includes all…
DetailsLess than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never been closer to an official default after Reuters reported that…
DetailsTen’s history shows Australia’s third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles. 1964 – Launched as ATV-0 and owned by the Ansett transport and media group 1979 – Rupert Murdoch gains a 50 per cent stake in Ansett, giving him control of channel 0 1980 – The…
DetailsYou think the tracker mortgage scandal is bad? Wander down to the Four Courts in Dublin some Monday and pop up to Court 11 to witness banks not facing up to reality on a near weekly basis. The list of personal insolvency cases coming before Ms Justice Marie Baker is as good a place as…
DetailsEdinburgh (AFP) – Scotland coach Gregor Townsend has told his side to prepare for a typically proud Samoa at Murrayfield on Saturday regardless of the financial meltdown that has engulfed the Pacific islanders. Townsend expects stern test despite Samoa cash crisis This week saw the Samoa Rugby Union declared bankrupt by chairman Tuilaepa Sailele Malielegao,…
DetailsProgram buys and forgives $1 million in debt for $10,000 Debt forgiven for 500 families Nurses are involved in contract negotiations Michigan nurses announced today they have worked with a nonprofit charity to pay down the medical debt for 500 families, raising $10,000 to clear away more than $1 million in debt in the first…
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