Mumbai, Jul 5 () Embattled businessman Jignesh Shah promoted Atom Technologies will no longer issue pre-paid cards as it has surrendered its licence as a payment system operator to RBI citing business restructuring. However, the company will continue to remain operational in other verticals like merchant aggregation and payment services across various channels like point…
DetailsTrue Religion’s denims have fallen out of style. True Religion U.S. denim retailer True Religion Apparel Inc said on Wednesday it filed for bankruptcy protection and signed a restructuring agreement with a majority of its lenders. True Religion, a company whose denims have gradually fallen out of style, filed for creditor protection under Chapter 11…
DetailsImage source: Getty Images. Chances are that credit card holders who end up in debt are missing the mark on hitting budgeting goals and maintaining an overall good sense of debt hygiene. If that sounds like you, implementing a simple budgeting plan could help pay off debt faster. The Motley Fool analysts Michael Douglass and…
DetailsThe fundraising agency, now known as Bluefrog Fundraising, went into liquidation in April, owing more than £2m in backdated VAT The fundraising agency Bluefrog has reformed after going into liquidation owing more than £2m to HM Revenue & Customs. Bluefrog Ltd, which was founded in 1997 and whose clients included the RSPB, Marie Curie and…
DetailsJaeger going into administration is a warning to know the law on consulting over collective redundancies in the event of employer insolvency. Ray Tang/REX/Shutterstock Jaegers problems are the latest warning for employers to know their duties to staff in cases of employer insolvency. Chris Weaver offers legal advice. Fashion chain Jaeger going into administration…
DetailsHYDERABAD: In a fresh round of trouble for the beleaguered media group Deccan Chronicle Holdings Limited, the Hyderabad bench of National Company Law Tribunal (NCLT) today accepted a plea by the Canara Bank, seeking initiation of insolvency resolution process and has asked the bank to appoint an interim resolution professional (IRP). Sources in the bank…
DetailsWednesday, July 5, 2017 The local business environment has lost at least 100,000 companies and 15% of firms with incomes over 1 million euros since 2008. At present a third of active firms are likely to enter insolvency, according to a Coface Romania study. Only the most powerful have survived, but most companies were affected…
DetailsBankruptcy is central to this governments worldview, said Principal Economic Adviser to the Ministry of Finance Sanjeev Sanyal, addressing an audience on the sidelines of the International Conference on the New Corporate Insolvency Regime. It is central to the vision of Prime Minister Modis idea of a New India, based on entrepreneurship, innovation, risk-taking and…
DetailsNew Delhi: Essar Steel has moved the Gujarat High Court against insolvency proceedings initiated by the banks on the direction of the Reserve Bank (RBI). The high court issued notice to the RBI and leader of the banking consortium SBI and posted the matter for Friday, sources said. When contacted, a company spokesperson said: “Essar…
DetailsComments Share via email Share on facebook Share on twitter Share on LinkedIn One of the current personal finance trends I find most interesting is the greater role parents are taking in helping their adult children financially. Theres no doubt that a weak economy is part of this story. As I reported recently, some members…
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