Corporate India expects the Government to take adequate measures to resolve issues around Group Insolvency, runaway and pseudo bidders so as to further strengthen the Insolvency and Bankruptcy Code (IBC) process. Ashok Haldia, former CA Institute Secretary and member Board of IIIPA, told BusinessLine that the Committee of Creditors should be mindful of deterrence effect…
NEW YORK–(BUSINESS WIRE)–Scott+Scott Attorneys at Law LLP (Scott+Scott), a national shareholder and consumer rights litigation firm, is notifying investors that a class action lawsuit has been filed against Yangtze River Port and Logistics Limited (Yangtze or the Company) (NASDAQ: YRIV) and other defendants, related to alleged violations of federal securities laws. If you purchased Yangtze…
The boss of a community interest company that went into liquidation with claims for debts of almost 75,000 has been disqualified from acting as a director for 10 years. Kathryn Holton, 39, of Ashford in Kent was a director of The Music Hub Plus, which ran music courses in Kent. The company entered liquidation in…
NEW YORK, Feb. 26, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…
Insolvency administrator of the bankrupt Tosmare shipbuilding factory Ivars Meis has put up the companys owned ship repair and shipbuilding factory for EUR 2.164 million, according to published announcement on the media. The announcement mentions that the price of Tosmare shipbuilding factory is EUR 2,163,163 with VAT. Property on sale includes two dry docks, one…
The steel sector has turned out to be one of the major beneficiaries of the Insolvency and Bankruptcy Code (IBC), according to ratings agency ICRA Ltd. This could lead to improved plant utilisation and domestic steel supply. Out of the 40 large defaulting accounts identified by the RBI in 2017, 11 entities belonged to the…
A trustfund baby whose tycoon father helped to pay for her 1.3 million Fulham home is fighting to keep the property after the collapse of his business empire. Kate Watkin, 37, claims she is an innocent victim in the bankruptcy of father Karl Watkin, who helped her to get on the property ladder. Creditors of…
Dear Sir/ Madam, Sub: Notice of Ninth Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…
Did you know the average American is approximately$38,000 in personal debt, with credit card debt being the leading source? With such a large amount of debt, personal loans are becoming more popular, especially for credit card debt consolidation. In the past year alone,34% of Americans took out a personal loan. Personal loans can be used…
The National Company Law Appellate Tribunal has stayed the ongoing liquidation of Bharati Defence and Infrastructure Ltd. The NCLAT directed that the liquidator will not take any steps to sell or transfer or alienate movable or immovable assets of the company. The Mumbai bench of the National Company Law Tribunal had ordered the liquidation in…