Naveen Jindal-promoted Jindal Steel and Power Ltd (JSPL) is looking at a recovery after paying back more than Rs 10,000 crore in interest and Rs 6,000 crore in principal to its lenders since 2014. This is at a time when steel firms, barring three majors, are in a troubled phase. Since…
DetailsPublished: 18:13 Saturday 14 October 2017 A Chesterfield company has gone into liquidation. The Craft Burger Company Ltd, which operates a restaurant on Stephensons Place in the town, i… Read the full article at: http://www.derbyshiretimes.co.uk/news/chesterfield-company-enters-liquidation-1-8805200
DetailsIt is fair to say that Somalia was not top of the agenda at this years annual meetings of the International Monetary Fund and World Bank. Finance ministers and central bank governors were too busy chewing the fat over the state of the global economy and the threat posed by cybercrime to pay much attention…
DetailsSome of the federal government’s biggest spending departments could require contractors to pay their supply chain businesses within 30 days, as part of a campaign by Small Business Ombudsman Kate Carnell. As the government considers the former ACT Liberal leader’s inquiry into payment times and contract practices in the Australian economy, Ms Carnell has written…
DetailsThe Independent Electoral and Boundaries Commission (IEBC) has gazetted five additional names of Presidential candidates to take part in the October 26th repeat election. IEBC Chairperson Wafula Chebukati has added Thirdway Alliance’s Dr Ekuru Aukot, Tunza Alliance’s Abduba Dida and Independent candidates Joseph Nyagah, Michael Wainaina and Japheth Kavinga. The five will join President Uhuru…
DetailsAn air hostess has been declared bankrupt after she refused to pay over 200 parking fines as part of a “personal crusade”. Carly Mackie, 28, from Dundee, received the parking fines for persistently leaving her Mini in a residents-only area outside her parents’ flat. Mackie ignored the tickets, insisting they were illegal and unenforceable in…
DetailsNew Delhi, Oct 15 () Public sector Punjab National Bank (PNB) seeks to hire insolvency resolution professionals for 2017-18, according to a notification by the bank. The bank has invited applications for empanelment of insolvency resolution professionals (IRP) for 2017-18, the notification said. PNB said IRPs should be registered with the Insolvency & Bankruptcy Board…
DetailsThe brother of former Everton and Manchester United manager David Moyes has been banned from becoming a company director, report the Daily Record. Agent , 49, was disqualified for five years after investigators found he withdrew cash from his football tours company to avoid paying tax. The ban follows an Insolvency Service probe into Glasgow…
DetailsBy BENSON WAMBUGUMore by this Author Under the laws of Kenya, bankruptcy is the declaration made against a person by a court after it is found that the individual is unable to meet his or her financial liabilities. Kenyan Bankruptcy laws are governed by the Bankruptcy Act Cap 53. Confusion arises between insolvency and bankruptcy.…
DetailsHYDERABAD: The National Company Law Tribunal (NCLT), in a rare move, decided to reject the insolvency petition filed by a corporate in the ‘interest of the nation’ despite the company and lenders pleading liquidation while claiming to have explored available options. Rejecting the petition filed by Anrak Aluminium, a joint venture between India’s Penna Cement…
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