A court-supervised auction of the bankrupt business started on Monday. According to Reuters, sources familiar with the matter said the only bidders were liquidators. If the U.S. Bankruptcy Court in Wilmington, Delaware, approves the sale of Bon-Ton to a liquidator, it could mean the closure of all Bon-Ton stores, including the Herberger’s and Herbergers Home…
Larry Summers April 17, 2018 Print this page Experimental feature Listen to this article Play audio for this article Pause 00:00 00:00 Experimental feature or Give us your feedback Thank you for your feedback. What do you think? Ill use it in the future … Read the full article at: https://www.ft.com/content/3c294626-4261-11e8-93cf-67ac3a6482fd
Sasha deBretton Perths self-styled queen of rich-list renovations has placed her group of companies, including the flagship Million Dollar Makeovers, into liquidation. As of the first week of this month, three of Ms deBrettons firms were in the hands of liquidators Cameron Shaw and Brent Kijurina, working for accountants Hall Chadwick. In contrast to Ms…
Kolkata: The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday approved Vedanta Ltd’s resolution plan for the insolvent Electrosteel Steels Ltd, one of the 12 large corporate defaulters identified by the Reserve Bank of India. During the insolvency proceedings, the debt-laden company’s resolution professional, Dhaivat Anjaria, had submitted Vedanta’s resolution plan before the bench…
Younkers (WHO-HD) × 7 Iowa Younkers Stores to Close, Parent Company Headed for Liquidation Younkers (WHO-HD) DES MOINES, Iowa Documents filed with Iowa Workforce Development signal a closing of seven Younkers stores in the state. The action lends more credibility to a Reuters report that the stores parent company, Bon-Ton, is being bid on by two…
Argentinas company-debt drought may soon be ending. Telecom Argentina SA plans to sell as much as $1 billion of debt in the coming weeks, while gas pipeline operator Transportadora de Gas del Sur SA is looking to sell as much as $500 million of notes. Both companies are expected to issue before May 15, according…
Fladgate LLP has advised Alyssum Group Ltd and its principal subsidiary Fly Victor Ltd on its corporate restructuring. Victor is a leading on-demand B2C jet charter platform driving disruption across the private aviation industry. Launched in 2011, the companys B2C offering rewrote the jet charter rulebook with a fully-transparent, subscription-free, globally on-demand marketplace allowing members…
Vedantas bid to acquire the bankrupt Electrosteel Steels received the final nod from the Kolkata Bench of the National Company Law Tribunal (NCLT) on Tuesday. The Division Bench comprising Justice Jinan KR and Justice Madan Balachandra Gosavi, in its order on Tuesday, said that the approved resolution plan (RP) shall come into force with immediate…
EMERYVILLE, Calif., April 17, 2018 /PRNewswire/ — Debt is often considered a bad word, often in personal finances. However, debt can help the economy grow. For example, car loans put money into the car industry, which benefits all the workers in the auto supply chain. Credit card purchases keep food, travel and retail industries going. Student loans…
The National Company Law Tribunal’s (NCLT) Kolkata bench on Monday approved Vedanta Ltd’s resolution plan for the insolvent Electrosteel Steels Ltd. During the insolvency proceedings, the debt-laden company’s resolution professional had submitted Vedanta’s resolution plan before the bench for final disposal after lenders declared it as “successful resolution applicant”. …