Creditors seeking the company records of collapsed Gold Coast builder Queensland One Homes have been told the companys server, which contained two hard drives, had been left out in the back of a ute and been water damaged. The Gold Coast Bulletin reports that sole company director Paul Callender will be asked to appear before…
DetailsWritten by Khushboo Narayan | Mumbai | Published:October 6, 2017 1:25 am Tech Mahindra and the three ADAG firms had signed a two-year service agreement in 2015. Tech Mahindra Ltd, one of Indias leading software services firms, has dragged three Reliance Anil Dhirubhai Ambani Group (ADAG) firms to the National Company Law Tribunal (NCLT) under…
DetailsUpdated: October 6, 2017 1:04 am The entire IBC process is time-bound. On admission of the CIRP application by NCLT, a resolution professional is appointed for conducting the process and the proposed resolution plan is approved by a CoC. The Insolvency and Bankruptcy Code 2016 (IBC) has been hailed as a landmark legislation by the…
DetailsFor a man that has branded himself as the king of debt, President Donald Trump seems to have a very thin grasp on how the bond market works. Trump, whose businesses have gone bankrupt no fewer than six times, said Puerto Ricos debt would have to be wiped out by its Wall Street creditors. That…
DetailsNew Delhi: Ultra Homes an Amrapali Group company has gone in for insolvency resolution. Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed…
Details(RTTNews) – NeoPhotonics Corp. (NPTN), a manufacturer of optoelectronic solutions, on Thursday announced certain restructuring actions, including job cuts. The move is part of its continuing actions to improve profitability and cash flow. Citing the restructuring charges and weak demand in China, the company trimmed its forecast for third quarter. In pre-market activity, NeoPhotonics shares…
DetailsFormer NFL star Clinton Portis and Atlantic Citys largest brick-and-mortar casino are scheduled to go to trial in December over gambling debt he racked up in 2011, according to court documents filed Monday. The Borgata casino says that Portis owes it $170,000 from the gambling sessions. Portis filed for bankruptcy in 2015, but the casino…
DetailsForensic accountant Abigail Cheadle restructured foreign debt for the Soviet Union and Iraq and helped save Indonesian banks and Thai finance companies during the Asia economic crisis. Now the 45-year-old chartered accountant wants to turn around ailing online surf and skate wear retailer SurfStitch. Ms Cheadle has outed herself as the SurfStitch non-executive director who…
DetailsThe latest quarterly insolvency statistics published today by Deloitte show that the number of corporate insolvencies has fallen by 14% in 2017 compared to the same period in 2016. So far in 2017 there have been 657 corporate insolvencies, compared to 765 in the same period in 2016. Of the 657 corporate insolvencies, creditors…
DetailsLAS VEGAS, NV–(Marketwired – Oct 5, 2017) – Momentous Entertainment Group, Inc. (“Momentous”) (OTC PINK: MMEG), an online social media network company vertically organized into four business areas: social networking, social gaming, ecommerce consumer products and services, and OTT streaming media content creation and distribution, announced today that Poolworks, Germany (a wholly owned subsidiary of…
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