New Delhi, Feb 7 (IANS) The Insolvency and Bankruptcy Board of India has amended the regulations on the insolvency resolution process for corporate persons, an official release said here on Wednesday. As per the revised framework, two registered valuers shall be appointed to determine the fair value and the liquidation value of the corporate debtor.…
This morning Paragon Care Ltd (ASX: PGC) reported its half-year result for the six month period to 31 December 2017. Paragon reported that the company?s revenue was down 4.5% to $52.5 million compared to the prior corresponding period of the six months to 31 December 2016. Management said that revenue had been impacted by greater seasonality…
Related Story: Wall Street closes higher after wild trading day, ASX to rebound The Reserve Bank governor has dismissed any chance of a rate hike any time soon, after a week of financial turmoil sparked by fears of rapidly rising inflation and interest rates in the United States. Philip Lowe said…
The figures were hit by a fourth-quarter charge of $76 million from restructuring its business. Revenues rose 3 percent to $9.28 billion, short of the poll estimate of $9.5 billion, while orders rose to a weaker-than-expected $8.48 billion. It proposed raising its dividend by two cents to 0.78 Swiss francs per share. Chief Executive Ulrich…
Carly Laden | Broome Advertiser Thursday, 8 February 2018 12:36PM Broome RSL is going into voluntary administration although it will remain open. Picture: Carly LadenPicture: Carly Laden Broomes RSL branch will be going back to basics after going into voluntary administration. RSL WA has appointed former Shire president Graeme Campbell as the administrator to be…
Grant Taylor | The West Australian Thursday, 8 February 2018 12:26PM The closed Cooper & Oxley construction site at Curtin University.Picture: Megan Powell. Embattled building firm Cooper and Oxley has formally gone into administration, appointing insolvency firm Hall Chadwick to take over the day to day running of its operations. Hall Chadwick said in a…
EMBATTLED building firm Cooper and Oxley has gone into administration, appointing insolvency firm Hall Chadwick to take over the day to day running of its operations. Hall Chadwick said in a statement that it was now assessing the financial position of the company, including the projects it had underway. But the statement also said Cooper…
Insolvency resolution professionals will now be required to assess the fair value and liquidation value of the entity undergoing insolvency proceedings, with the latest set of amendments to the regulations. The Insolvency and Bankruptcy Board of India (IBBI) has amended the norms pertaining to insolvency resolution process for corporate persons. Under the revised framework, the…
New Delhi: The Insolvency and Bankruptcy Board of India (IBBI) on Wednesday issued amendments to the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, effective today. The amendments, highlighted in a notice issued by the Ministry of Corporate Affairs noted that a resolution professional shall appoint two registered valuers…