The Australian art auction house and gallery Mossgreen has gone into voluntary administration. Its chief executive officer, Paul Sumner, said no vendors, staff or buyers would be out-of-pocket. Mossgreen has chosen to take a path of voluntary administration during the month of January at a time that will least impact our clients and which will…
The proposals include relaxing the requirement of a minimum 25% public shareholding and the stringent procedures to de-list a stressed company, if that is part of the resolution plan. (Reuters) The Securities and Exchange Board of India (Sebi) will consider a raft of proposals to ease various compliance procedures for listed insolvent companiesespecially with regard…
Wed, Dec 27, 2017 – 8:11 AM INVESTMENT holding company k1 Ventures on Wednesday said that its wholly owned subsidiary, FSHCO Holdings Pte Ltd, will be placed under members’ voluntary liquidation. It added that filings will be made in Singapore for the liquidation, and that this liquidation is not expected to have any material impact…
The tune of Jingle Bells is probably still stuck in your mind in the days after Christmas. But around this time a decade ago it was “jingle mail” that was starting to get attention in the US. Jingle mail is the term for home owners who simply hand the keys to their house back over…
Nandini Sen Gupta | TNN | Dec 27, 2017, 04:00 IST Chennai: Former Maruti Suzuki MD Jagdish Khattar-promoted multi-brand car service company Carnation Auto is facing bankruptcy. A corporate insolvency resolution process has been initiated against the company by its creditor Punjab National Bank (PNB), which has asked for expression of interest for a resolution…
Published 1:40 pm, Tuesday, December 26, 2017 SALT LAKE CITY (AP) A class of law students at Brigham Young University is working to help Utah residents with their debt collection lawsuits. KUER-FM radio reports Salt Lake City lawyer Kimball Parker is leading the group of nine students in a semester-long project to work on a technology…
The tune of Jingle Bells is probably still stuck in your mind in the days after Christmas. But around this time a decade ago it was “jingle mail” that was starting to get attention in the US. Jingle mail is the term for home owners who simply hand the keys to their house back…
Salt Lake City A class of law students at Brigham Young University is working to help Utah residents with their debt collection lawsuits. KUER-FM radio reports Salt Lake City lawyer Kimball Parker is leading the group of nine students in a semester-long project to work on a technology solution that can provide legal assistance free…
The National Company Law Tribunal has admitted an application by State Bank of India to initiate the corporate insolvency resolution process against iron-cast auto parts maker Castex Technologies Ltd. The Mumbai bench of the NCLT appointed Dinkar Tiruvannadpuram Venkatsubramanian as an interim resolution professional for the debt resolution process, according to a stock exchange filing.…
December 26, 2017: The year 2017 was a watershed year for the Insolvency and Bankruptcy Code (IBC) which was notified in late 2016. The first insolvency petition was filed by ICICI Bank in December 2016. It was foreseeable that this laudable and long-overdue legislation, would undergo its share of trial by fire throughout 2017. In…