Directors George Beattie Snr and George Beattie Jnr were both disqualified from acting as company directors for seven years by order of the Glasgow Sheriffs Court, while Michelle Beattie was disqualified for three-and-a-half years following an investigation from the Insolvency Service. Glasgow-based George Hunter (Demolishers) went into liquidation on 20 April 2015 owing £1,755,782 to…
DetailsDhirendra Tripathi Moneycontrol News The Allahabad bench of the National Company Law Tribunal on Wednesday accepted lender IDBI Banks plea and classified Jaypee Infratech as an insolvent company. With this, the board of directors of the company remains suspended. The Tribunal will now appoint an insolvency resolution professional — an official from one of the…
DetailsOn Wednesday, a Senate committee reported on the governments proposed changes to higher education. Though more moderate than the 2014 version, the new higher education package represents groundhog day for the major political parties. The committee, chaired as it was by the Coalition, recommended passing the measures, stating that they will: balance the Commonwealths need…
DetailsOver the next months, Indias newly-constituted bankruptcy courts will decide the fate of 12 companies that account for over a quarter of Rs 8 lakh crore worth of bad loans choking the banking system. If the bankruptcy moved by Indias banks are accepted, companies with investments in factories, furnaces, trucks, textile looms, heavy equipment, and…
DetailsPEOPLE are still doing it tough in Rockhampton, according to the latest personal insolvency statistics released by the Australian Financial Security Authority (AFSA). AFSA describes a personal insolvency arrangement as a strategy to help people manage their debts to avoid bankruptcy. During the second quarter of 2017 (March – June) for Rockhampton, the number of…
DetailsTwo technicians adjust a robot at a high-tech enterprise in Chongqing. CHEN SHICHUANG / FOR CHINA DAILY Official rules out coercion but says troubled firms will be persuaded to consider the alternative option China will stick to market-based principles while promoting debt-to-equity swaps to tackle debt problems of companies, an official of the nation’s top…
DetailsThe affable lefty golfer Phil Mickelson is a risk taker in golf. Avid golfers can recall Mickelsons drive on the 13th hole at Augusta National in the final round of the 2010 Masters that settled on pine straw. Mickelson fired a 6-iron between two trees and the ball landed on the green, setting up a…
DetailsTapit Media Nearly two years after launching in Australia mobile CX company Geronimo, led by Amobee’s former MD Matt Hunt, has acquired Tapit Media; a global tech platform enabling Near Field Communications (NFC) for marketing. Hunt says NFC technology is a major growth area in mobile marketing and the deal brings proprietary technology, data and…
DetailsImage copyright Google Image caption Google My Business is a free service that helps firms control how they appear in search results A Manchester-based company that pretended it was linked to Google has been closed following an investigation by the UK’s Insolvency Service. The agency said Movette had used “deceptive methods” to bill clients for…
DetailsNEW YORK, Aug. 09, 2017 (GLOBE NEWSWIRE) — New York REIT, Inc. (NYSE:NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today its financial results for the second quarter ended June 30, 2017. Financial Results Liquidation Basis of Accounting As a result of NYRTs shareholder approval…
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