Bankrupt Smartphone-Maker Edges Toward Liquidation – Caixin Global

Bankrupt smartphone-maker Gionee Communication Equipment Co. Ltd.s liabilities are more than double its current assets, the administrator handling the case said, as the former high-flyer prepares to be liquidated after falling victim to intense competition. The administrator disclosed its estimates of Gionees assets and liabilities at the first meeting of the companys creditors on Tuesday…

Why SC quashing RBIs February 12 circular on insolvency proceedings is good news for industry – The New Indian Express

In a welcome development, the Supreme Court on Tuesday declared as unlawful RBIs February 12, 2018 circular, which ordered banks to refer defaulting companies for insolvency proceedings if they missed repayments even one day beyond the 180-day grace period. The Bench led by Justice Rohinton Nariman said that in light of Section 35AA of the…

Swisher Hygiene Inc. to File Current Report on Form 8-K, Reporting Liquidation Basis Accounting for the Years Ended December 31, 2018 and 2017 – GlobeNewswire

FORT LAUDERDALE, Fla., April 02, 2019 (GLOBE NEWSWIRE) — Swisher Hygiene Inc. (the Company) today reported liquidation basis accounting for the year ended December 31, 2018. As previously announced, on August 12, 2016, the Securities and Exchange Commission (the SEC) granted the Companys request for no-action relief from filing future periodic reports under Section 13(a)…

Swisher Hygiene Inc. to File Current Report on Form 8-K, Reporting Liquidation Basis Accounting for the Years Ended December 31, 2018 and 2017 – GlobeNewswire

FORT LAUDERDALE, Fla., April 02, 2019 (GLOBE NEWSWIRE) — Swisher Hygiene Inc. (the Company) today reported liquidation basis accounting for the year ended December 31, 2018. As previously announced, on August 12, 2016, the Securities and Exchange Commission (the SEC) granted the Companys request for no-action relief from filing future periodic reports under Section 13(a)…

BCII German Subsidiary Files for Insolvency – Global Banking And Finance Review

Bogen Communications International, Inc., (Pink Sheets: BOGN) announced its German subsidiary Speech Design GmbH (Speech Design) filed an application in Hamburg for preliminary insolvency proceedings on January 10, 2019. The court approved debtor-in-possession management of the business, in conjunction with an insolvency advisor retained by Speech Design and a court appointed preliminary insolvency custodian. On…