The former director of a failed Victorian dairy business has admitted he controlled the company prior to its collapse, despite earlier claiming he was only the company’s seed funder and adviser. Key points: National Dairy Products was placed into administration owing farmers and other creditors more than $8 million Mr Esposito told the court…
DetailsTwo years after the breaking up of Hewlett-Packard Co, Hewlett Packard Enterprise is selling its headquarters in Palo Alto, California. After years of layoffs and restructuring, the company will consolidate some of its Silicon Valley offices. HPE will move its headquarters to the HPE Aruba office in Santa Clara. The office was recently built to…
DetailsPuerto Rican officials have every reason to cancel the islands scandalous $300 million contract with Whitefish, the small, unknown corporation they recently hired to restore power after Hurricane Maria. Theres the fact that the Federal Emergency Management Agency (FEMA), who will help foot the bill, didnt sign off on it. Theres the spider web of…
DetailsGEORGE TOWN, Cayman Islands, Nov. 2, 2017 /PRNewswire/ — Global A&T Electronics Ltd. (the “Company“) announced today that on November 2, 2017, it entered into a Global Settlement, Forbearance, and Restructuring Support Agreement (the “RSA“) with its key stakeholders regarding the material economic terms of a consensual restructuring that will strengthen the Company’s capital structure while…
Detailssnapshots Nov 2, 2017 | 18:19 GMT 3 mins read (Stratfor) Forecast Update In Stratfor’s 2017 Annual Forecast, we wrote that the Greek government would insist on debt relief and reduced austerity measures but that progress on the issue would be modest because of resistance from Germany. That the Greek government is already preparing for…
Details, ET Bureau| Updated: Nov 02, 2017, 11.13 PM IST The auto-component maker has failed to pay its vendor. MUMBAI: The New Delhi chapter of the National Company Law Tribunal (NCLT) has admitted Haryana-based Sandeep Axles Pvt for insolvency proceedings after the auto-component maker failed to pay its vendor. Operational creditor Regal Metal Ferro Alloys…
DetailsMUMBAI: Software firm Tech Mahindra (TechM) has withdrawn its insolvency case against Reliance Communications (RCom) from the National Company Law Tribunal (NCLT) in favour of a mutual, out-of-court settlement. A similar out of court settlement with equipment maker Ericsson appears tougher to pull together for RCom as the dues to the Swedish company Rs 1,150…
DetailsKOLKATA: The National Company Law Tribunal has ordered corporate insolvency resolution process against Assam Company India for defaulting Rs 596 crore in payments to Srei Infrastructure. The company, which is into multifaceted activities from tea plantation to oil & gas exploration, had guaranteed a Rs 100 crore loan taken by one Gujarat Hydrocarbon & Power…
DetailsBy Jason Chester for MailOnline Published: 03:26 AEDT, 3 November 2017 | Updated: 03:48 AEDT, 3 November 2017 e-mail 3 View comments Anna Ermakova went some way towards proving the apple doesnt fall far from the tree as she stepped out in London on Wednesday afternoon. The 17-year old model bore a striking resemblance to…
DetailsScrip ends 4.5% higher; PE investor to invest 4,000 cr to pick up select branded oil biz Chennai, November 2: Global private equity major Devonshire Capital will pick up 51 per cent equity in Ruchi Soya Industries (RSIL) and acquire certain branded packaged oil distributions for 4,000 crore. The board of RSIL on Thursday approved…
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