US Treasury Secretary Steven Mnuchin on Sunday challenged Congress to raise the governments debt limit in order to free up relief spending for Hurricane Harvey, a disaster that the governor of Texas said had caused up to $180bn (£138bn) in damage. Harvey, which came ashore on 25 August as the most powerful hurricane to hit…
DetailsBusiness and personal insolvency experts, Fortis Insolvency, has selected encompass verify to support and enhance their Know Your Customer (KYC) compliance processes. Manchester-based Fortis Insolvency provide advice and support to business and individuals across the north west who may be facing financial and operational issues. The only provider of simultaneous, real-time access to multiple sources…
DetailsNew Delhi, Sept 4: The Supreme Court today stayed the insolvency proceedings against real estate firm Jaypee infratech at the National Company Law Tribunal (NCLT), Allahabad at the instance of its financier IDBI. It also issued notice to the embattled firm and others on a plea filed by homebuyers who have not yet received possession…
Details(Adds details, shares) Sept 4 (Reuters) – Avocet Mining said on Monday its subsidiary Societe des Mines de Belahouro (SMB), which operates the Inata gold mine in Burkina Faso, may file for insolvency after a loan repayment freeze with its creditors expired. The boards of SMB and Avocet will meet on Sept. 8 to consider…
DetailsBy: Express Web Desk | New Delhi | Published:September 4, 2017 1:45 pm Buyers protest against Jaypee over delay in handing over flats Related News On a petition by home buyers, the Supreme Court on Monday stayed the order passed by National Company Law Tribunal (NCLT) which had declared Jaypee Infratech as insolvent. The court also…
DetailsCLOSED: The former site of Stepping Stone restaurant. Photo: PHIL BLATCH 0904pbanson3 The bankrupt owner of the failed Orange restaurant Stepping Stone has apologised for leaving creditors with debts totalling $236,974. Tom Grasso closed the Anson Street restaurant in May as the debts mounted and was declared bankrupt on June 27. Orange wineries, suppliers, caterers, a…
DetailsHomebuyers in Jaypee Infratech projects are required to fill up forms to register their claims for the corporate insolvency resolution process against the company by 31 August. Photo: Ramesh Pathania/Mint New Delhi: The Supreme Court on Monday stayed an August order passed by the Allahabad bench of the National Company Law Tribunal (NCLT), which initiated…
DetailsSep 04, 2017 01:17 PM IST | Source: CNBC-TV18 Around 32,000 homebuyers, who have not yet been given their flats as promised by Jaypee especially in the Delhi NCR region, face uncertainty over their investment in housing projects by the insolvency order The Supreme Court Monday stayed the insolvency proceedings against Jaypee Infratech, ruling in favour…
DetailsIn a big relief for Jaypee homebuyers, the Supreme Court has stayed the National Company Law Tribunal (NCLT) proceedings against the builder. The NCLT had, while acting on an insolvency plea, filed by Jaypee Infratech Limited stayed all pending proceedings before all judicial and quasi-judicial bodies leaving aggrieved homebuyers with no legal remedies, buyers had…
DetailsA judge in Vanuatu has ordered a temporary stay on a decision to liquidate the company which owns a prominent resort. Port Vila, Vanuatu. Photo: RNZI Iririki Island Holdings, the owners of the prominent resort that sits on an island in Port Vila Harbour, was last week declared insolvent by the Supreme Court. Justice Geoghegan…
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