The National Company Law Tribunal (NCLT), Chennai, has reserved orders in a batch of petitions filed by power producers Ind Bharath Power Gencom Ltd, Ind Bharath Thermal Limited and Aarkay Energy (Rameshwaram) Limited against Tamil Nadu Generation and Distribution Company Ltd (Tangedco), the State government-owned power distribution company, according to legal…
DetailsRob Marshall felt a shimmy in his Cadillac as he and his wife, Maria, tooled north on the Garden State Parkway, returning one night from a jaunt to Harrahs in Atlantic City. Ten miles short of their Toms River home, Marshall slid the Caddy into the Oyster Creek picnic area, a wooded bulge…
DetailsFacing devastation difficult to overstate, Hurricane Irma-battered Barbuda lost more than 90 percent of its structures in a record-breaking storm that will require an estimated $150 million in reconstruction and recovery. It also has to repay a $3 million debt to the International Monetary Fund, whose special representative to the United Nations Christopher Lane resisted…
DetailsThe central government is likely to step in to protect the interest of homebuyers whose investments face uncertainty when bankruptcy proceedings are filed against builders. The government is considering two options. First, amend the bankruptcy law so that homebuyers do not lose out to banks and financial institutions when a defaulting builders properties are liquidated…
DetailsNEW DELHI: Union Consumer Affairs Minister Ram Vilas Paswan on Saturday said a committee has been set up to look into the complaints filed by aggrieved home buyers against Jaypee Infratech. “The Consumer Affairs Secretary-headed committee will study the matter and submit a report in three days. We want to protect the home buyers,” Paswan…
DetailsFacing devastation difficult to overstate, Hurricane Irma-battered Barbuda lost more than 90 percent of its structures in a record-breaking storm that will require an estimated $150 million in reconstruction and recovery. It also has to repay a $3 million debt to the International Monetary Fund, whose special representative to the United Nations Christopher Lane resisted…
DetailsThe government which is planning to sell a stake in its state-run carrier Air India, is considering options such as keeping out at least a part of its $8 billion of debt to help lure investors, the nation’s civil aviation minister said. Air India’s assets such as real estate could also be spun off into…
DetailsAcross the country, medical examiners offices are facing a shortage of forensic pathologists. These are the people performing autopsies to determine the cause of a death. And there arent enough of them, at a time when caseloads are rising, in part due to the opioid epidemic. The Maricopa County Office of the Medical Examiner came…
DetailsNew Delhi, Sep 9 (IANS) Union Consumer Affairs Minister Ram Vilas Paswan on Saturday said a committee has been set up to look into the complaints filed by aggrieved home buyers against Jaypee Infratech. The Consumer Affairs Secretary-headed committee will study the matter and submit a report in three days. We want to protect the…
DetailsInsolvency and Bankruptcy Board to formulate dedicated framework for SMEs soon New Delhi, Sept 9 (KNN) Eyeing at addressing the concerns of the Micro, Small and Medium Enterprises (MSMEs) in the country under the Insolvency and Bankruptcy Code (IBC), the IBC Board of India is in the process of formulating a dedicated insolvency framework…
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