HYDERABAD: The National Company Law Tribunal (NCLT), in a rare move, decided to reject the insolvency petition filed by a corporate in the ‘interest of the nation’ despite the company and lenders pleading liquidation while claiming to have explored available options. Rejecting the petition filed by Anrak Aluminium, a joint venture between India’s Penna Cement…
The Independent Electoral and Boundaries Commission (IEBC) has gazetted five additional names of Presidential candidates to take part in the October 26th repeat election. IEBC Chairperson Wafula Chebukati has added Thirdway Alliance’s Dr Ekuru Aukot, Tunza Alliance’s Abduba Dida and Independent candidates Joseph Nyagah, Michael Wainaina and Japheth Kavinga. The five will join President Uhuru…
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…
By BENSON WAMBUGUMore by this Author Paul Ngei: Post-independence Cabinet minister and one of the celebrated Kapenguria Six was the first Kenyan politician to be adjudged bankrupt on June 14, 1990. Numerous business ventures failed and trappings of power disappeared and Mr Ngei was forced to resign in 1991. Thereafter, his health began to fail…
By KIPCHUMBA SOMEMore by this Author The Sh500 note was named after him when it was first released in the early 1990s by the Central Bank of Kenya but this week he had run out of money. Mr Cyrus Jirongo, former Lugari MP and a presidential candidate in the August 8 General Election, was declared…
Published: 18:13 Saturday 14 October 2017 A Chesterfield company has collapsed into liquidation. The Craft Burger Company Ltd, which operates a restaurant on Stephensons Place in the to… Read the full article at: http://www.derbyshiretimes.co.uk/news/chesterfield-company-plunges-into-liquidation-1-8805200
TORONTO, Oct 13 (Reuters) – Sears Canada on Friday won court approval to begin liquidating all its remaining assets starting Oct. 19, putting the retail chain with 12,000 employees on a path to closure after 65 years in the country. The approval was granted by the Ontario Superior Court of Justice, which also extended creditor…
Kolkata, Oct 14 () Job loss of about 600 people, including blue collar workers and white collar employees, are feared owing to possible liquidation of cable manufacturer Nicco Corporation after the lenders rejected the revival package. “It is sad to see that such an old company is facing possible liquidation. There is job loss fear…
Marc Brunet, owner of Cozy Canuck Heating & Cooling, is among hundreds of claimants left holding the bag in the Sears Canada bankruptcy. After the liquidation he’ll see just a fraction of the $15,709 he’s owed. Worse yet, as a contractor who installs and maintains heating and air conditioning units purchased by Sears customers in…
Kenya’s electoral commission has gazetted additional names of candidates for the repeat presidential elections slated for October 26. The Independent Electoral and Boundaries Commission (IEBC) chairman Wafula Chebukati listed Dr Ekuru Aukot, Mr Abduba Dida, Mr Joseph Nyagah, Mr Michael Wainaina and Mr Japheth Kavinga as candidates joining President Uhuru Kenyatta of Jubilee and Nasa’s…