Deirdre Hipwell, Retail Editor Sir Philip Green is preparing to seek a Company Voluntary Arrangement and restructure his retail business empire with significant numbers of store closures and job lossesIsabel Infantes/PA Sir Philip Green is set to carry out a significant restructuring of his retail empire which could result in hundreds of job losses and…
Sir Philip Green is edging closer to a radical restructuring of his Arcadia retail empire in a move that could result in significant stores closure and job losses. The retail billionaire and his advisers are understood to be in talks about entering a company voluntary arrangement (CVA), an insolvency process that would require the approval…
Pursuant to an Order dated 13 March, 2019 of the National Company Law Tribunal, Kolkata Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Tantia Constructions Limited (the Company) as per the provisions of the Insolvency and Bankruptcy Code, 2016.A copy of the said order has been received on 15.03.2019. Mr. Kshitiz Chhawchharia, Interim…
If youre like many Americans with rising credit card balances, you may be looking for ways to get your debt under control. Debt consolidation loans are one option that can reduce your debt and help you pay it off sooner. Debt consolidation is the process of combining multiple debts such as credit cards, medical bills…
PHI Inc. was facing a deadline to pay back $500 million in unsecured notes. The helicopter company didnt have the money. So instead, the Louisiana-based firm declared bankruptcy late March 14, just minutes before the day the payment came due. The Louisiana-headquartered firm, which operates over 240 aircraft, is the latest helicopter company to declare…
Oslo, Norway, March 15, 2019 – Thin Film Electronics ASA (“Thinfilm”) (OSE: THIN; OTCQX: TFECY), a global leader in Near Field Communications (NFC) solutions, today announced a strategic update and corporate restructuring aligning the business with the current market adoption of NFC. The Company plans to focus resources on developing and building market adoption of…
Embattled renewables developer Carnegie Clean Energy has gone into voluntary administration, the ASX-listed company announcing on Friday that it had appointed KordaMentha Restructuring to oversee the business and its fully owned subsidiary, Energy Made Clean. The administrators are in discussions with key stakeholders to secure funding to allow the company to continue to trade whilst…
By Mark Kleinman, City editor Sir Philip Green is accelerating efforts to restructure his Arcadia retail empire through a programme that could involve announcing significant numbers of store closures and substantial job losses as soon as next month. Sky News has learnt that the billionaire tycoon and his advisers are working on proposals to unveil…
Dear Sir/ Madam, Sub: Notice of Eleventh 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…
The outcome of the 24th COC meeting is summarized as herein below: 1.The COC agreed on a Monitoring Committee constituting three representatives as per the highest voting share of the COC members and an additional member of COC in the absence of any of the above three members. The same members were also identified as…