NEW DELHI: After coming to the rescue of flat buyers in Jaypee and Unitech projects, the Supreme Court on Friday took up the plea of buyers in Amrapali projects and issued a notice to the company on their petition challenging insolvency proceedings against the Group. Around 100 flat buyers, who had booked homes in the…
DetailsTesla ( TSLA ) Chief Executive Elon Musk and President Trump disagree on climate change, but both businessmen say Puerto Rico needs a lot of help amid Hurricane Maria’s devastation of the island territory. Musk, also the CEO of SpaceX, has offered to come to Puerto Rico’s rescue with solar-energy technology, via Tesla’s Solar City unit.…
DetailsThe Insolvency and Bankruptcy Board of India, which oversees the revival and liquidation of distressed firms, amended two of its regulations to require that every turnaround scheme should also specify how the interests of these stakeholders will be taken care of. Photo: AFP New Delhi: Bankrupt businesses exploring turnaround options under pressure from lenders can…
DetailsBecker will be taking part in the tournament in Vienna which starts today Former tennis star turned to friend John Caudwell for a loan, it is reported Billionaire found of Phone4U ‘agreed to lend the tennis star £2million’ Mr Caudwell agreed to the deal after hearing Becker’s debts were severe enough to land him in…
DetailsCaesars bankruptcy ends amid Asia market shift, Vegas shooting By Tracy Rucinski CHICAGO (Reuters) – Caesars Entertainment Corp has an eye on expanding its Caesars, Harrah’s and Horseshoe brands in the United States and abroad after its casino operating unit emerges from nearly three years of bankruptcy as soon as Friday with $10 billion less…
DetailsAdvertisementHampshire Group filed with the U.S. Bankruptcy Court a notice of withdrawal of the Companys fifth motion for an exclusivity extension. The Companys First Amended Joint Chapter 11 Plan of Liquidation subsequently became effective, and the Company emerged from Chapter 11 protection. Advertisement The Court confirmed the Plan on Septemb… Read…
DetailsEXCLUSIVE: TV presenter and former model, 46, declared bankrupt this year Is overcoming financial woes with the help of insolvency service Creditfix Says she’s open with daughter Honey, 15, about financial struggles Wants to encourage people to admit to their money problems By Siofra Brennan For Mailonline Published: 19:13 +11:00, 6 October 2017 |…
DetailsLAS VEGAS, Oct. 6, 2017 /PRNewswire/ — Caesars Entertainment Corporation (NASDAQ: CZR) (“Caesars Entertainment”) today announced its new Board of Directors (the “Board”) following the completion of its previously announced merger with Caesars Acquisition Company (“CAC”) and the conclusion of the restructuring of Caesars Entertainment Operating Company, Inc. (“CEOC”) and its debtor subsidiaries. The members…
DetailsResolution plan to include a statement about dealing with the interests of all stakeholders New Delhi, October 6: An insolvency resolution plan will need to have a statement spelling out how the interest of all stakeholders will be dealt with, according to the amended regulations under the Insolvency and Bankruptcy Code. The move would help…
DetailsET Bureau| Updated: Oct 06, 2017, 01.57 PM IST Ericsson had filed for insolvency in the NCLT under the newly-formed Insolvency and Bankruptcy Code to recover Rs 1,150 crore from RCom for services and equipment it had earlier supplied. MUMBAI: The National Company Law Tribunal (NCLT) will hear on November 8 the case on whether…
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