Bankruptcy Court judge in San Francisco allowed PG&E to hold on to sole rights to construct a
chapter 11 exit plan, Peg Brickley of the Wall Street Journal reported.
With respect to revised
Chapter 11, it has come to our notice that there are some confusions/ misinterpretations regarding Para 2 suggesting that SBP has allowed the banks to sale/ purchase foreign currencies to/from public by amending the existing regulations.
F.E.1/2012-SB dated the 16th June, 2012 regarding currency declaration to the Customs authorities by the inbound travelers on amount exceeding US$ 10,000, or equivalent in other currencies, have also been incorporated in revised
Chapter 11.
It would be pertinent to mention here that even before the recent revision in
Chapter 11, 'every authorized branch is permitted to deal in foreign currency notes, coins, deposits, credits, drafts, traveler's cheques, letters of credit and bills of exchange, expressed or drawn in Pakistan currency but payable in any foreign currency.' {(Para 2(iii), Chapter 2 of Foreign Exchange Manual}.
M2 EQUITYBITES-May 14, 2019-Bristow Group begins restructuring process with voluntary filing for
Chapter 11 protection
Travel Business Review-May 14, 2019-Bristow Group begins restructuring process with voluntary filing for
Chapter 11 protection
Bristow Group has filed for US-style
Chapter 11 bankruptcy in an effort to restructure and strengthen its balance sheet.
The act will expedite the process of SMBs filing for
Chapter 11 bankruptcy, making the time for creditors seeking payments much shorter, while also cutting back on attorney's fees due to quicker turnarounds in court.
11,
Chapter 11. Assets and liabilities: $1 million to $10 million.
Summary: Avaya has announced that it has successfully completed its debt restructuring and emerged from
Chapter 11. Executives from Avaya International …