OTTAWA Innovation Minister Navdeep Bains says the federal government will consider legislation to protect employees’ pensions when a company goes bankrupt. While there’s no plan for the government to introduce legislation at the moment, he says it will carefully examine two different private member’s bills on the subject, put forward a New Democrat MP and…
DetailsThu, Oct 26, 2017 – 7:58 AM JAYA Holdings on Thursday said it is seeking voluntarily liquidation, with the remaining cash to be distributed to shareholders. The company has submitted a proposal on the proposed voluntary liquidation to the Singapore Exchange (SGX). It will be convening an extraordinary general meeting to approve the proposal, and…
DetailsIn his argument, Union Banks advocate said the IBC is a consolidating law relating to insolvency of corporate entities which provides for resolution of the corporate debtor before ordering liquidation. Citing legal precedents and rules under the Insolvency and Bankruptcy Code (IBC), Union Bank of India on Wednesday argued before the National Company Law Tribunal…
DetailsOTTAWA Innovation Minister Navdeep Bains says the federal government will consider legislation to protect employees’ pensions when a company goes bankrupt. While there’s no plan for the government to introduce legislation at the moment, he says it will carefully examine two different private member’s bills on the subject, put forward a New Democrat MP and a Bloc Quebecois MP.…
DetailsAnthony Joshua, 28, is said to be worth more than £16.7million He is currently preparing to defend his heavyweight title for the fourth time Joshua insists he will not follow in the footsteps of previous heavyweights who have lost their earnings By Mark Stainforth, Press Association Published: 02:48 AEDT, 26 October 2017 | Updated: 07:04…
DetailsNEW DELHI: Attorney General KK Venugopal on Tuesday strongly opposed in the Supreme Court a proposal by Jaiprakash Associates to hive off the Yamuna expressway to a Singapore-based company to raise Rs 2,000 crore it had been asked to deposit to meet refund demands by homebuyers for projects. Technically, the Yamuna Expressway is owned by…
DetailsPractice of promoters to bid in bankruptcy or insolvency cases is prevalent in developing countries Mumbai, October 25: As insolvency proceedings at some of 12 stressed accounts identified by the RBI earlier this year are moving forward, key question that has emerged is whether promoters of these companies are better placed to get back control…
DetailsFORT LAUDERDALE, Fla.–(BUSINESS WIRE)–Citrix Systems, Inc. (NASDAQ:CTXS) today reported financial results for the third quarter of fiscal year 2017 ended September 30, 2017. Financial Results For the third quarter of fiscal year 2017, Citrix achieved revenue from continuing operations of $691 million, compared to $669 million in the third quarter of fiscal year 2016, representing 3…
DetailsAt least $95 million was deceptively obtained from American consumers by scam-artist student loan debt relief groups over the past couple years, according to crackdown results revealed by the Federal Trade Commission. Zephyr Picture, Getty Images In the first-ever coordinated federal-state initiative targeting deceptive practices aimed toward those struggling to repay college loans, 36 actions…
DetailsNEW DELHI: Providing clarity, the government today said resolution plans under the Insolvency and Bankruptcy Code does not require approval of the shareholders. The clarification comes against the backdrop of concerns in certain quarters about the possibility of promoters of a company blocking insolvency resolution process under the existing provisions of the Code. Provisions of…
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