The Karnataka High Court has invalidated the resolution plan for the takeover of insolvent wood panel and laminates maker Associate Decor, almost four years after lenders approval. The court stated that lenders failed to provide the mandated five days notice in writing before the plan s approval meeting, rendering it unsustainable.
NATIONAL debt increase to the current 90trn/- level in the past two years from 60trn/- earlier is not alarming, as it isn’t cash that ought to be paid in the short term, the public has been told
PRIME Minister Kassim Majaliwa yesterday expressed dissatisfaction with the progress of the construction of Namtumbo district hospital which he found does match the money invested in the project.