Pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, Uttam Value Steels Ltd. hereby informs your good offices that on May 7, 2019, the Resolution Professional of Uttam Value Steels Ltd. has filed an Application with the Adjudicating Authority for approval of the Resolution Plan submitted by a consortium of…
According to the minutes, Sidway (previously called Merhis Contracting) held the contract to build Stacey Apartments, a $78 million-development of 146 units at 196 Stacey Street, Bankstown, which was completed last year. The Sidway minutes also contain the assertion from Mr Hathway, managing director at corporate insolvency firm Helm Advisory, that “members of the Merhis…
Even as the National Company Law Tribunals (NCLT) remain over-burdened with innumerable litigations, the four-year old Insolvency and Bankruptcy Code (IBC) is expected to improve realisations for financial creditors to over 80,000 crore by fiscal year 2020, compared to about 66,000 crore recoveries last year, said ratings agency ICRA Ltd. in a press note. That…
FRANKFURT, Germany German industrial equipment and technology supplier Siemens AG says net profit fell 5% in the first three months of the year as the company heads into a major restructuring involving the spinoff of its oil, gas and power generation business. Net profit was 1.92 billion euros ($2.15 billion), down from 2.02 billion a…
Craig Andrew Hughes (27) of Luton was the registered director of HL Tours Limited from July 2013. Based in Bedford, the company provided private hire coach services catering to schools and private clients. However, the company could not pay its debts and entered into a Creditors Voluntary Liquidation (CVL) in October 2017, owing its creditors…
This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 16th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on May 6, 2019 to discuss the…
LATEST:A DEBT in excess of $1.7 million to the Australian Taxation Office led to Supercuts Hairdressing Salons being placed in voluntary administration by its shareholders. Staff at the 13 Queensland stores and one in Canberra, were told in the early hours of May 7 their stores would close by the appointment of liquidators and their…
Oracle Corporationwill shed about 900 employers in its China Development Center in an effort to restructure, 21st Century Business Herald reported. The company announced the decision in a teleconference, saying its a global level business restructuring. The number is equivalent to about 60% of current CDC staff, the report said. Of the 900 employers, more…
The interim resolution professional of Reliance Communications (RCom) has sought an exclusion of 13 months (April 30, 2018-May 30, 2019) in RComs corporate insolvency resolution process (CIRP). This is because the initial insolvency proceedings against the debt-ridden telecom company was stayed by the National Company Law Appellate Tribunal (NCLAT) and the…
The markets are back at or close to all-time highs and selecting investments at this point is becoming quite tricky, especially for a fundamentalist and contrarian investor, like me. Also, trying to follow the macro tourists into which sector is poised to go up can prove itself a very difficult task or, as experience shows…