APPLETON, Wis. (WBAY) – The sale of Appleton Coated to a liquidation company was approved Thursday — but that doesn’t necessarily mean the paper mill will shut down. Appleton Coated paper mill in Combined Locks (WBAY photo) An Outagamie County judge has approved the sale to Industrial Assets Corporation, a California-based liquidation and auction company.…
After the bench of the National Company Law Tribunal (NCLT) declared Amrapali and Jaypee as insolvent companies, the plight of home buyers, who are struggling for possession, has worsened. This insolvency declaration, among other things, has made Greater Noida Authority powerless in terms of intervention (from the home buyers side). Now, Greater Noida Authority has…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
Mrs Essien Akosua Puni Akosua Puni Essien’s FC Como are set to be booted out from Italian football after being declared bankrupt by a Court in Como FC Como, a lower-tier side in Italia, which was purchased by Akousa Puni Essien, wife of former midfielder Milan and Chelsea, Micheal Essien through an auction for 237,000, have…
TORONTO, Oct 4 (Reuters) – Creditors to Sears Canada have set a deadline of Oct. 7 for the retail chain to enter liquidation agreements for all its assets, leaving the company with just days to reach a deal to continue operations, a court-appointed monitor said. That tight deadline presents a challenge and could potentially derail…
NEW DELHI: Ultra Homes -an Amrapali Group company -has gone in for insolvency resolution.Bank of Baroda, one of the lenders to the commercial project in Greater Noida, had moved the National Company Law Tribunal to recover its dues. The principal bench of NCLT, Delhi, issued the order on the lender’s plea. The tribunal appointed Sanjay…
Creditors seeking the company records of collapsed Gold Coast builder Queensland One Homes have been told the companys server, which contained two hard drives, had been left out in the back of a ute and been water damaged. The Gold Coast Bulletin reports that sole company director Paul Callender will be asked to appear before…
Written by Khushboo Narayan | Mumbai | Published:October 6, 2017 1:25 am Tech Mahindra and the three ADAG firms had signed a two-year service agreement in 2015. Tech Mahindra Ltd, one of Indias leading software services firms, has dragged three Reliance Anil Dhirubhai Ambani Group (ADAG) firms to the National Company Law Tribunal (NCLT) under…
Updated: October 6, 2017 1:04 am The entire IBC process is time-bound. On admission of the CIRP application by NCLT, a resolution professional is appointed for conducting the process and the proposed resolution plan is approved by a CoC. The Insolvency and Bankruptcy Code 2016 (IBC) has been hailed as a landmark legislation by the…
For a man that has branded himself as the king of debt, President Donald Trump seems to have a very thin grasp on how the bond market works. Trump, whose businesses have gone bankrupt no fewer than six times, said Puerto Ricos debt would have to be wiped out by its Wall Street creditors. That…