New Delhi, Sep 27 (PTI) A plea was today moved in the Delhi High Court challenging various provisions of the bankruptcy and insolvency code, claiming they are violative of fundamental rights. A bench of Acting Chief Justice Gita Mittal and Justice C Hari Shankar listed the petition on October 10, when a similar pending plea…
DetailsNEW YORK (Reuters) – Creditors of Puerto Ricos bankrupt power utility said on Wednesday that they had offered the utility a new $1 billion loan and a discount on a portion of the existing debt to help recovery efforts after Hurricane Maria devastated the island last week. The commitment would reduce the Puerto Rico Electric…
DetailsThe man who could be in line to replace Malcolm Roberts if the One Nation senator is booted from Parliament shared social media posts suggesting Barack Obama was secretly a Muslim and praising Russian President Vladimir Putin. With observers expecting Senator Roberts election to be struck out, the spotlight has swung onto One Nations third Queensland…
DetailsHYDERABAD, Sep 27: Lanco Infratech Limited has posted a huge loss of Rs 1,691.63 crore for the first quarter ended June 30, 2017 as as against a loss of Rs 1,27.77 crore for the corresponding quarter on a standalone basis. The income of the diversified infrastructure company now faced with insolvency proceedings, for the first…
DetailsNEW YORK (Reuters) – Creditors of Puerto Ricos bankrupt power utility said on Wednesday that they had offered the utility a new $1 billion loan and a discount on a portion of the existing debt to help recovery efforts after Hurricane Maria devastated the island last week. The commitment would reduce the Puerto Rico Electric…
DetailsFive people, including a prayer leader, were arrested on Friday evening for their suspected involvement in marrying off a five-year-old girl to a 15-year-old boy in Dadu’s Taluka Johi area allegedly to settle a gambling debt, police said. Shahid Ali, the father of the minor girl and a resident of Khandhani village, was amongst those…
DetailsShare Tweet Share Share Share Print Email With millions of Americans shackled by massive student loan debt, one home lender is trying to entice potential buyers by paying off a chunk of their student loans when they purchase a home. According to news in The Wall Street Journal, Eagle Home Mortgage a subsidiary of Lennar…
DetailsJenni Woods has had a tough life, but hoped a veterinary nursing course would set her up for a bright future. The 58-year-old has severe epilepsy and when her symptoms subsided in May 2014 she enrolled in a course at Open Colleges. Jenni was slugged $5487 for a course at a private college that she never started,…
DetailsWhile there has been a substantial rise in business collapses, new data suggests they are not causing a spike in personal insolvencies. Australian Financial Security Authority (AFSA) has released details of the root causes of personal insolvencies in Australia last financial year, and noted that most personal insolvencies are not business related. In [financial year]…
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