Indian-origin director of pizza company disqualified in UK – Hindustan Times

Balwinder Singh, the Indian-origin director of a Worcestershire-based pizza company, has been disqualified as a company director for diverting funds he had secured from loans to a partnership in which he had a personal interest, officials said. The Insolvency Service said Singh, 58, was the sole registered director of Charnwood Foods Ltd but an investigation…

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Noble Group’s ballooning debt seen raising risk of restructuring – THE BUSINESS TIMES

[HONG KONG] Noble Group Ltd’s rising debt load is adding to speculation that it will need to restructure its obligations, even after the embattled commodity trader obtained a crucial covenant waiver that buys it more time. “Noble’s current capital structure is not sustainable,” said Annisa Lee, head of Asia ex-Japan flow credit analysis at Nomura…

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It’s do or die for SoundCloud: the company’s future will be determined by vote today – Happy

The fate of SoundCloud has been the subject of much discussion as of late. Recently we reported the streaming platform was considering selling for significantly less than it was said to be worth 12 months previously.  And, just a few weeks back,  group of volunteer archivists started backing up the whole of SoundCloud in case it…

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NCLT declares Jaypee Infratech insolvent: Here’s what homebuyers should do – Moneycontrol.com

Moneycontrol News Vandana Ramnani In a big setback to homebuyers of Jaypee group, the Allahabad bench of the National Company Law Tribunal on Wednesday declared Jaypee Infratech as an insolvent company. Homebuyers are unsure whether they will  get their homes for which they have been waiting for years and have invested their life-long earnings. What…

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Bailed out, bought out by MCC, Kew bowls club collapses and the blame game begins – The Age

First we had the ‘Single Ladies’ of Chadstone Bowls Club. Now another prominent lawn bowls club is in crisis. In  2012, the Kew Heights Sports Club was in deep trouble with “considerable” debts and ageing facilities. The MCC once wanted the MCC Kew Sports Club to be a ‘real home away from the ‘G for members’.   To the…

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Fundraising and CRM consultancy Purple Vision to go into liquidation – Civil Society Media

The directors of fundraising technology and CRM consultancy Purple Vision have confirmed that the organisation will go be placed in voluntary liquidation. In a statement on its website it that Purple Vision ceased trading on 31 July 2017, and that a voluntary liquidation process will commence as soon as possible. The statement also said that, ceasing to…

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