Tuesday, August 14, 2018, 14:50 Insolvency register to be linked to European e-Justice portal The Courts of Justice, in partnership with the Registrar of Companies, has acquired an EU grant to develop an integrated National Insolvency Register that will in future be interconnected to the European e-Justice Portal. This electronic register aims to provide information…
Its a tough old world out there right now and too many businesses are finding that their operation costs are going up but orders are going down. It can easily feel that the skys falling in, but its sometimes possible to turn things around again. Read through these seven steps to see if you can…
With reference to the subject matter this is to inform you that the Eighth Meeting of Committee of Creditors of the Corporate Debtor was held on 25th June, 2018 at 2:00 PM at Grant Thornton India LLP, 15th Foor, Tower IIM India Bulls Finance Centre, Senapati Baapat Marg, Elphinstone (W), Mumbai 400013. The outcome of…
Resolution Professional had filed application on 12th July 2018 vide Application No. IA257/2018 before NCLT Ahmedabad relating to extension for a period of 90 days as per section 12(2) of Insolvency and Bankruptcy Code,2016 read with regulation 40 of IBBI (Insolvency resolution process for Corporate person) Regulations,2016.Honble Bench of NCLT had granted the same and…
Katie Price shamelessly promotes a brightening blue face mask amid her bankruptcy woes Katie Price, 40, was given three months to pay off her £250K debt The businesswoman was once estimated to be worth £45million Reality star Katie has built up a social media empire of 1,900,000 Instagram fans The mum-of-five showed her fans how…
With reference to the subject matter this is to inform you that the Tenth Meeting of Committee of Creditors of the Corporate Debtor was held on Wednesday, 8th August, 2018 at 12:00 P.M at Grant Thornton India LLP, 16th Foor, Tower II , India Bulls Finance Centre, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013.The outcome…
Esor Construction, a subsidiary of Esor [JSE:ESR], has applied for business rescue. On Monday, it said in a note to shareholders that it was in financial distress and owed creditors about R130m. The main causes were significant losses incurred on certain construction contracts in the current and prior financial years, the challenging economic environment in…
With reference to the subject matter this is to inform you that the Ninth Meeting of Committee of Creditors of the Corporate Debtor was held on Tuesday, 24th July, 2018 at 11:00 A.M at Grant Thornton India LLP, 16th Foor, Tower II , India Bulls Finance Centre, Senapati Baapat Marg, Elphinstone (W), Mumbai 400013. The…
The majority of companies going for liquidation under the Insolvency and Bankruptcy Code (IBC) have been non-operational for almost over a decade. With assets depreciating over time, experts say, the demand from buyers will be muted, leading to large haircuts for lenders and creditors. These companies have not been doing well for a considerably…
BRAMPTON, Ontario–(BUSINESS WIRE)–DATA Communications Management Corp. (TSX:DCM) (DCM or the “Company”), a leading provider of business communication solutions to companies across North America, announced its consolidated financial results for three and six months ended June 30, 2018. Our revenue continued to demonstrate year over year growth, thanks to contributions from our recent acquisitions and a…