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Headlines
China Evergrande Founder Pleads Guilty to Fraud in Shenzhen Court
The founder of China Evergrande Group, the world's most indebted property developer, pleaded guilty to charges including misuse of funds, fundraising fraud and illegally taking public deposits, a court in China's southern city…
NCLT Orders Insolvency Proceedings Against Dhoot
The National Company Law Tribunal (NCLT) has directed initiation of insolvency proceedings against Videocon's former chairman and MD Venugopal Dhoot for defaulting on loans of Rs 6,158 crore, as a personal guarantor of two group…
Oncoclinicas to File for Creditor Protection
Oncoclínicas is set to file a precautionary court request seeking protection from creditors after breaching its debt limits and receiving a going-concern warning from Deloitte, Bloomberg News reported. The company must also…