NEW DELHI: LIC Housing Finance has filed an application before the National Company Law Tribunal (NCLT) to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan, the Mumbai-based developer said. DB Realty said both the parties are in talks to settle this outstanding loan. In a filing to the BSE,…
DetailsThe Insolvency and Bankruptcy Board of India (IBBI) has amended rules to mandate that any resolution plan for a company has to explicitly state how it has dealt with the interests of all stakeholders. Insolvency experts have said that in case of real estate disputes, this will protect the rights of homebuyers who have invested…
DetailsNew Delhi, Oct 13 () LIC Housing Finance has filed an application before the National Company Law Tribunal (NCLT) to start insolvency process against DB Realty for recovery of Rs 30.63 crore outstanding loan, the Mumbai-based developer said. DB Realty said both the parties are in talks to settle this outstanding loan. In a filing…
DetailsCRRC Corp., Chinas top state-owned rail equipment maker, plans to reshuffle its struggling freight-car production businesses in a bid to eliminate excess capacity as part of a corporate restructuring. Sources close to the company told Caixin that CRRC has worked out a plan to consolidate its 10 freight-car manufacturing subsidiaries, reducing overcapacity and optimizing resource…
DetailsThe statistics are staggering. Tens of millions of Americans are drowning in more than a trillion dollars of student loan debt. And with the problem only growing, FOX 32 wants to help you navigate the complicated world of paying those loans back. Student loans, for many, are a heavy and stressful burden. In fact, a…
DetailsTier one Addleshaw Goddard LLP – Manchester DLA Piper UK LLP – Manchester and Liverpool Tier two Eversheds Sutherland (International) LLP – Manchester Gateley Plc – Manchester Pinsent Masons LLP – Manchester Squire Patton Boggs – Manchester Tier three DWF – Manchester Turner Parkinson LLP Manchester Tier four Bermans – Manchester Brabners LLP – Manchester…
DetailsThe Bellambi Bunnings site recently. Andrew Marks, Bunnings general manager property said, we are working with a number of sub-contractors to complete the remaining construction works”. Picture: File image More than 200 creditors could be out of pocket by up to $6 million due to a prominent local building companys financial woes. Edwards Constructions (NSW) Pty…
DetailsBecker works as a Wimbledon commentator for the BBC and recently extended his contract with Eurosport, for whom he covers the three other Grand Slam events. Insolvency practitioners at London based Smith & Williamson have written to broadcasters demanding all future fees are used for the benefit of creditors. The report in a German newspaper…
DetailsA Dundee woman who was ordered to pay £24,000 in a landmark parking charge court ruling has been declared bankrupt. Carly Mackie, 28, then of Fintry, parked outside her parents City Quay home and ignored the almost-daily parking tickets left on her windscreen. She wrongly believed she was entitled to park her Mini in front…
DetailsPresident Donald Trump warned Puerto Rico that the federal government would not provide unlimited help to the island which was devastated by Hurricane Maria, just one week after he said he would not rest until the US territory in the Caribbean was safe. Following a widely-panned visit to Puerto Rico aimed at easing criticism of…
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