article MILWAUKEE – Wisconsin Better Business Bureau (BBB) says with the news that retailer JOANN Fabrics declared bankruptcy and announced the closure of all physical store locations, scammers are wasting no time setting up fake going out of business and liquidation websites. How the scam works What we know: A news release from BBB says you see…
The National Company Law Tribunal (NCLT), New Delhi Bench, has admitted an insolvency petition filed by IDBI Trusteeship Services Private Limited against ATS Infrabuild Private Limited for a default of Rs. 5 crore. The petition was filed under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. Background of the Case IDBI Trusteeship, acting…
The festival promoter behind Juicy Fest has entered liquidation with ticketholders to the postponed Timeless Summer Tour being told the event has been cancelled. Juicy Festival Limited, Timeless Events New Zealand and Timeless Events Australia Limited were placed into liquidation at 5pm today. Blacklock Rose’s Ben Francis and Garry Whimp have been appointed as liquidators.…
JSW Energy Ltd. has completed the acquisition of KSK Mahanadi Power Company Ltd. (KMPCL) pursuant to the Resolution Plan submitted by the company under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan has now been implemented, and consequently, KMPCL has become a subsidiary of the company. As per…
JSW Energy Ltd. has completed the acquisition of KSK Mahanadi Power Company Ltd. (KMPCL) pursuant to the Resolution Plan submitted by the company under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016. The Resolution Plan has now been implemented, and consequently, KMPCL has become a subsidiary of the company. As per…
Whyalla steelworks was losing $1.5 million a day before being put into voluntary administration and owes creditors $1.34 billion, including $570 million to entities owned by British industrialist Sanjeev Gupta, which administrators have flagged as a disputed claim. The steelworks in South Australia was plunged into voluntary administration two weeks ago owing employee entitlements of…
The Brindabella Christian College administration could be a drawn-out process, but it offered the best opportunity to put the school back on its feet. Photo: Michelle Kroll Brindabella Christian College parents, staff and students face an anxious wait over the next month before the school’s financial situation becomes clearer but the Deloitte administrators goal will…
A looming threat could bankrupt California counties — and it’s not fires or Trump San Francisco Chronicle Read the original article here
We have selected seven stories from this week’s news across Hong Kong, mainland China, the wider Asia region and beyond that resonated with our readers and shed light on topical issues. If you would like to see more of our reporting, please consider subscribing. 1. Chinese maths star Wang Hong solves ‘infamous’ geometry problem Chinese…
Honortech Faces Insolvency Battle As AdGlobal360 Fights For Unpaid Dues BW Healthcare World Read the original article here