NEW DELHI: Bankruptcy proceedings could soon be initiated against a dozen more companies, in addition to the 12 firms that are already undergoing insolvency proceedings. A final decision will be taken by the Internal Advisory Committee (IAC) of the Reserve Bank of India. The companies that the IAC will consider include Jai Balaji Industries, Nagarjuna…
DetailsGEORGE HEARD/FAIRFAX NZ Configure Express in Centre Place, Hamilton, closed in June last year. A company behind troubled gym franchise Configure Express has gone into liquidation, just months after losing an employment dispute and being ordered to pay more than $23,000. Rem Global, previously named Figurex, was put into liquidation on June 23, according to Companies…
Detailsby: Debbie Lord, Cox Media Group National Content Desk Updated: Jul 1, 2017 – 12:44 PM “; var imageDivId = “#”+”imageDisplayModal_545716734”; if ($(“.reveal-modal-bg”).length == 0) { $(“#wrapper”).after(“”); } if ($(imageDivId).length == 0) { $(“#wrapper”).after(contentText); } Sears stores across the country will be holding liquidation sales Friday. The chain is trying cost-cutting measure to survive, according…
DetailsAvoca Handweavers ratcheted up more than 4 million in restructuring and related costs in its last full year ahead of its sale to US contract catering giant Aramark. The food and lifestyle luxuries retailer, which was formerly owned by the Pratt family, employs more than 800 people across 12 locations in Ireland. The company fell…
DetailsMUMBAI/KOLKATA: Resolution professionals, a key constituent of bankruptcy proceedings under Indias new law, are caught between term loan lenders who want sick companies to be liquidated and working capital lenders who favour restructuring the company, four people dealing with resolution of sick companies told ET. The trouble might be that the law does not make…
DetailsBy Eve Buckland For Mailonline Published: 03:08 +10:00, 2 July 2017 | Updated: 03:41 +10:00, 2 July 2017 e-mail 2 View comments She’s had a rough few weeks after her tennis superstar husband was declared bankrupt. And a casually clad Lilly Becker, 41, looked pensive as she left an alfresco lunch in Ibiza before heading…
DetailsImage source: Getty Images. Many small business owners rely upon credit card debt for various capital needs, whether to gather funds to establish a business, or to fund working capital and other ongoing needs, once up and running. No doubt many entrepreneurs have dug themselves into inescapable holes by using credit card debt the wrong…
DetailsNET LOSS Former ace, 49, not having much luck at the moment BORIS Becker has a parking ticket slapped on his sports car just days after it was towed away. The penalty was visible on the windscreen of his £65,000 blue Maserati as the tennis ace, who was declared bankrupt last week, visited a London private…
DetailsAs a journalist, I’ve had my share of vicarious experience of the shadowy side of life: sign up for a courts round covering criminal cases and you soon realise how lucky you are. Not that you need this exposure to be aware of how many people are doing it hard: just read the papers, watch…
Detailsby: Debbie Lord, Cox Media Group National Content Desk Updated: Jun 30, 2017 – 11:01 AM File photo: In a government filing Friday, June 23, 2017, real estate investment trust Seritage confirmed that Sears Holdings Corp. is closing another 20 stores, two of which are Kmart stores, as the ailing retailer tries to turn around…
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