We refer to the ongoing CIRP of the company by which the Resolution Professional Mr. Radhakrishnan Dharmarajan, submitted the Resolution Plan approved by the COC (Meeting dated 04.01.2019) to the NCLT Chennai on 17.01.2019 for approval. We are pleased to announce that the Honorable NCLT Chennai Bench by its order dated 1st Feb 2019 (…
RattanIndia Power said on Tuesday that its board has approved a debt restructuring proposal which includes issuance of non-convertible debentures worth up to Rs 7,200 crore to investors on private placement basis. “In accordance with the terms of the Binding Settlement Proposal, the Board in this meeting approved (steps) with respect to composite debt…
Paul Rossi (53), also known as Paolo Rossi, and his wife, Claire Michelle Rossi (49), were directors of Independent Derivative Traders Ltd. The company traded as Futex and provided access to a financial markets trading platform for sub-contracted independent traders. The married couple were joined in the management of the company by Pauls brother Mark…
(Reuters) – Struggling U.K. flooring retailer Carpetright said on Tuesday its Chief Financial Officer Neil Page would retire this month after more than a decade in the role. The company, which is implementing a survival plan after negotiations with creditors in the past year, said Jeremy Simpson would replace Page on Feb.25. Simpson is joining…
Tthe Nineteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 22 January 2019 at 02:00 PM at Ambition Room, Grant Thornton India LLP, 16th Floor, Tower II, India bulls Finance Centre, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013, India. The outcome of the meeting is summarised as herein below: 1.…
Riga, Latvia, 2019-02-05 10:09 CET (GLOBE NEWSWIRE) — On Tuesday, 5 February 2019, on the meeting of shareholders of ABLV Bank, AS in liquidation there was a decision made about the changes in the Liquidation Committee. The shareholders appointed two new liquidators Lauma Brzia and Ringolds Balodis, while Elvijs Vbers shall resign from the position…
German airline Germania said on Tuesday it had filed for insolvency and would terminate flight operations immediately, citing rising fuel prices and a stronger dollar. There were also delays integrating aircraft into the fleet and a high number of “maintenance events”, the company said in a statement. (https://bit.ly/2MNKtkQ) CEO Karsten Balke said it was unable…
Administrators for collapsed cosmetics retailer Napoleon Perdis have closed half of the chains 56 stores in a bid to make the business more appealing to potential buyers. The eponymous chain, founded by Australian makeup mogul Napoleon Perdis, appointed administrators from Worrels last week. Administrators remain confident they can sell the business, citing significant interest but…
news, latest-news, Waggas branch of the Napoleon Perdis makeup store chain has beenpermanently closedabout a week after its parent company went into voluntary administration. An unknown number of employees have lost their jobs and the payout of entitlements will depend on votes by the chains creditors. The citys Wagga Marketplace store, which was temporarilyshuton Thursday…
Date: 05.02.2019 Lessons to be learned from case of decades-old business The TFT fleet up for auction It was a business that serviced much of Queensland for the best part of three decades but now Tim Fisher Transport (TFT)…