Mr Green franchise seller Dean Richard Smith has been declared bankrupt. A Wellington man accused of taking money from franchise buyers – and failing to hold up his end of the bargain – has been made bankrupt. Dean Richard Smith, who appears to have links to convicted fraudster Sir Ngatata Love, was declared bankrupt on Tuesday following…
DetailsThe National Company Law Tribunal (NCLT) bench here has ordered initiation of the corporate insolvency resolution process in respect of Basmati rice exporter REI Agro, which was allegedly involved in a bank loan fraud, the company said on Tuesday. “..pursuant to filing of an application by Surendra Kumar Joshi, an operational creditor of the…
DetailsHaving allegedly kidnapped, illegally detained, and withheld the passports of three men, four Chinese nationals including a Poipet City casino owner were recently arrested by the Phnom Penh municipal military police. The Cambodia Daily reports that the casino owner, 55-year-old Ding Chunyaun, allegedly ordered a trio of accomplices to kidnap the three gamblers, all of…
DetailsAs I wrote about Fujifilm (OTCPK:FUJIY) last week, that company is a relatively rare example of a Japanese conglomerate that has moved reasonably quickly to transform itself in response to changing market realities. If Fujifilm is the “after” picture, Fujitsu (OTCPK:FJTSY) is more like the “before” picture, as weak profitability in its manufactured products continues…
DetailsCambodian authorities have detained four Chinese nationals accused of a kidnapping and extortion plot involving gamblers whod rung up debts at a local casino. On Monday, Cambodia Daily reported that National Military Police had arrested Ding Chunyaun, the owner of an unidentified casino in Poipet City, along with three accomplices for the kidnapping of three…
DetailsThe couple had 12m in debt written off in exchange for a one off payment of 145,000, under the terms of the scheme. The bulk of the money will go to biggest creditor Dunbar Assets, formerly Zurich Bank, and to Revenue. Other creditors will get just cents in the euro under the scheme. Under the…
DetailsOur family has earned a bad reputation and we live in stress because of my fathers gambling addiction CREATIVE: AAMIR KHAN Sir, Im a son of a great father but he has the bad habit of gambling. His addiction has caused him great losses and weve asked him to quit numerous times but to no…
DetailsI work in warehouse and logistics coordination in the aviation industry earning almost Dh9,000. I have seven credit cards, which have been maxed out, and a personal loan. In total my liabilities are Dh170,000. I first moved here from the Philippines in 2011 and brought my family here in 2014. I started taking on credit…
DetailsRei Agro Ltd * Says NCLT, Kolkata has ordered initiation of corporate insolvency resolution process * Says power of the board of directors stand suspended and such powers will be vested with Anil Agarwal * Says Anial Agarwal appointed as interim resolution professional to carry out all compliances * Says application for corporate insolvency resolution…
DetailsMUMBAI: Creditors of REI Agro, also tagged as a wilful defaulter by lenders, have initiated corporate insolvency resolution process against the company under the new Bankruptcy and Insolvency Law. The company, which has an outstanding loan of Rs 5200 crore has informed the stock exchanges that Surendra Joshi, an operational creditor, has filed an application…
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