Image copyright Getty Images Business Secretary Greg Clark is to bring proceedings against former directors of the collapsed charity Keeping Kids Company to have them banned from company directorships. The Insolvency Service names former chief executive Camila Batmanghelidjh, Alan Yentob and seven others. Kids Company – which provided support to deprived and vulnerable children –…
DetailsThe Financial Conduct Authority is to crack down on the high cost of overdrafts and review the booming car loan market in the latest attempt by regulators to tackle mounting consumer debt. Andrew Bailey, chief executive of the financial regulator, said charges imposed on customers falling into unauthorised overdrafts would be overhauled. Research by the…
DetailsAdvertisementHancock Fabrics Second Amended Joint Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on June 20, 2017. BankruptcyDatas detailed Plan Summary notes, The Plan is a liquidating plan that provides that, among other things, the Debtors current Board of Directors will…
DetailsCorporate insolvency resolution process against Indian developer dropped 31/07/2017 An Indian court has dropped legal action against Inox Wind in relation to a dispute with a creditor. Inox said a corporate insolvency resolution process initiated by the National Company Law Tribunals Chandigarh bench had been closed on appeal.…
DetailsNEW DELHI: Inox Wind today said National Company Law Appellate Tribunal(NCLAT) has released the company from the rigour of law and allowed it to function independently through its board of directors with immediate effect. NCLAT has also directed National Company Law Tribunal (NCLT) to close the Corporate Insolvency Resolution Process (CIRP)initiated against the company, it…
DetailsRodney Wallace, former director of Curio Bridal Boutique Ltd and Avalon Personnel Ltd received a total sentence of 27 months imprisonment and Pauline Wallace former director of Curio Bridal Boutique Ltd, received a sentence of ten months imprisonment suspended for two years, after pleading guilty on the first day of their trial at Birmingham Crown…
DetailsPARIS–French drugmaker Sanofi (SAN.FR) said net profit fell in the second quarter as it was hit by higher restructuring costs, but lifted its earnings guidance for 2017. On Monday, the Paris-based drugmaker said net profit declined by 10% to 1.04 billion euros ($1.22 billion) from EUR1.16 billion a year earlier. Business net income, the company’s…
DetailsDespite speculation, One Nation Leader Pauline Hanson’s sister is not necessarily on track to join her sibling in the Upper House, according to the ABC’s electoral expert Antony Green. The chance of Judy Smith entering the Senate has arisen because there is doubt over whether One Nation’s Malcolm Roberts was a dual citizen when…
DetailsBATHINDA: The Punjab government would come up with an agriculture policy soon to ensure the welfare of farming community, said Punjab finance minister Manpreet Singh Badal. “We will not restrict waiving the debt of small and marginal farmers up to Rs 2 lakh, but will go beyond that to support farmers in many ways through…
Details