Latest News for: Bankrupt assets

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Videocon to give Anil Agarwal's group majority stake in Ravva oilfield

The Times of India 09 Jun 2021
His group acquired state-owned Bharat Aluminium Company Ltd (BALCO) in 2001 and Hindustan Zinc in 2002 and bankrupt assets such as Electrosteel and Ferro Alloys Corporation Limited ... "Mr Anil Agarwal's visionary leadership has successfully turned around various stressed assets in the past.
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Gail to bid for Seci tender; Q4 net down

Live Mint 09 Jun 2021
Jain said while one way to expand was to bid for tenders, the other way was taking an inorganic growth route, with Gail looking at “big and small" private firms for acquiring assets ... acquiring these assets from bankrupt IL&FS, and adding them to Hyderabad-based Greenko’s portfolio, after it invested $980 million in Greenko Energy Holdings.
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Seadrill lenders send warnings as driller seeks more time to control bankruptcy

Reuters 08 Jun 2021
At the outset of the case, the company was looking to reorganize rather than sell its assets ... Additionally, the SVP units said, Seadrill is not properly taking into consideration the value of some assets held by bankrupt Seadrill affiliates known as North Atlantic Drilling Ltd (NADL).
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MicroStrategy Announces Private Offering of Senior Secured Notes Worth $400 Million

Coinspeaker 07 Jun 2021
Senior Secured Notes are bonds that must be repaid before most other debts should the issuer become bankrupt. The bonds are secured by the assets of the borrower ... This includes any crypto assets or other digital securities obtained during or after the offer has closed.
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President Biden’s Large Budget, BTC Substitutes Copper Instead of Gold ── Cryptocurrency Assets / Blockchain ...

OBN 05 Jun 2021
“ May 27 Digital securitization of crypto asset lending yields ... Securitize, which operates a digital securities (security token) issuance platform, will offer two crypto asset yield funds in digital securities ... Gox, a cryptocurrency exchange that went bankrupt due to the disappearance of customer assets.
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Proposal for compensation to Mt. Gox creditors, voting begins

OBN 01 Jun 2021
Gox, a cryptocurrency exchange that went bankrupt due to the disappearance of customer assets ... Gox went bankrupt) ... Creditors who have lost their assets in Japanese Yen will be paid in Japanese Yen. If you lose your crypto assets, you will be paid with a mix of BTC, BCH and Japanese Yen.
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Cryptocurrency exchange Mt.Gox rehabilitation plan, creditors start online voting

OBN 01 Jun 2021
Cryptocurrency exchange Mt.Gox rehabilitation plan ... Gox (MTGOX Co., Ltd.), a crypto asset (virtual currency) exchange that went bankrupt in February 2014. It was ... Gox, which went bankrupt due to a large outflow of Bitcoin (BTC) and deposits from customers. Relation ... If they do not vote, they will be treated as opposed to the voting requirements ... For Mt.
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Wint Wealth launches Bricks, offers 9.5% returns on covered bonds

Live Mint 31 May 2021
According to the digital investment platform, Bricks is a covered bond asset that provides dual recourse over the investment, meaning if an NBFC were to go bankrupt, investors still remain shielded from the blow through diversification into alternative loans picked by Wint Wealth.
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'We must curb excesses of the buyout barons': Two peers from either side of the ...

The Daily Mail 31 May 2021
It then invests in asset-rich companies often through complex corporate structures, with secretive partnerships at the apex ... Normally, shareholders are the last to be paid from the assets of a bankrupt business and receive little or nothing ... the buyer of the company’ assets.
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Malaysia is NOT a failed state or “kerajaan gagal”

Malaysia Today 29 May 2021
It is not ... NO HOLDS BARRED. Raja Petra Kamarudin ... It is just like how Pakatan Harapan alleged that Najib Tun Razak had bankrupted Malaysia, which is why the government had to sell off all the Malay assets. It was all a lie to justify selling off assets belonging to Malay trust agencies and sabotage the New Economic Policy (and then blame Umno for it) ... .
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Tshwane is officially bankrupt, says mayor Randall Williams

Independent online (SA) 28 May 2021
Pretoria - Tshwane mayor Randall Williams yesterday officially declared the metro bankrupt, saying National Treasury found its liability exceeded assets by R3 billion ... The current liability of the City amounts to R14bn, and the current assets of the City amount to R11bn. So that means the liability exceeds the assets by R3bn.” ... Pretoria News .
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Plane of Romania's ex-dictator's fleet sold at auction

Urdu Point 28 May 2021
Some 150 collectors and aviation enthusiasts were expected to compete -- online and by phone -- for what auction house Artmark called the sale's "gem", which carried a starting price of 25,000 euros ($30,500), spokeswoman Alina Panico told AFP ... Romavia went bankrupt in 2014, and its assets were put up for sale ... "It's hard to revive it ... ....
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Plane of Romanian ex-dictator's fleet goes under hammer

Urdu Point 27 May 2021
With "Socialist Republic of Romania" once emblazoned on its side, a Rombac plane, part of ex-dictator Nicolae Ceausescu's fleet, goes under the hammer on Thursday ... The auction will close at midnight ... It was lent to Pakistan's Aero Asia for some time before being left in a hangar. Romavia went bankrupt in 2014, and its assets were put up for sale ... ....
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Bankrupt downtown San Jose hotel picks Hilton brand as manager

East Bay Times 26 May 2021
The owner of the bankrupt Fairmont launched an effort to obtain bids to operate the hotel and said four companies put in bids to operate the hotel, which is an iconic property in San Jose ... On May 24, the owner of the bankrupt hotel filed an amended disclosure statement regarding its business operations, assets, and liabilities.
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Court of Appeal rejects farmer's appeal over eight year extension of bankruptcy

Irish Independent 26 May 2021
The OA had sought an order under Section 85 of the 2015 Bankruptcy (Amendment) Act that Mr Hoey's bankruptcy be extended by 7 to 10 years over his failure to co-operate with the OA in relation to the bankrupt's assets.
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