Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation – Tradewinds News
Kjell Inge Rokke’s AMSC to make final payment of up to $11m before liquidation Tradewinds News Read the original article here
Financial Services Commission investigates COVID debt relief report leak – Chosun Biz
Financial Services Commission investigates COVID debt relief report leak Chosun Biz Read the original article here
Rama Paper Mills Ltd – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – Rediff MoneyWiz
Rama Paper Mills Ltd – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors Rediff MoneyWiz Read the original article here
Are You in This Party? The Scope of Section 213 of the Insolvency Act 1986 | Cooley LLP
The UK Supreme Court recently handed down a judgment in Tradition Financial Services Ltd v Bilta (UK) Ltd & Others[1] in which it considered the scope of section 213 of the Insolvency Act 1986, specifically whether those beyond the small group of individuals with controlling or managerial functions of the liquidated company could be ‘party…
Upholds Section 10A Bar [Read Order]
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by VPR Mining Infrastructure Pvt. Ltd., upholding the order of the National Company Law Tribunal (NCLT), NCLAT Indore Bench, which had rejected a Section 9 application filed under the Insolvency and Bankruptcy Code, 2016. The appellant had approached the NCLAT against the NCLT’s…
Urban Company turns profitable; GlobalBees faces insolvency – MSN
Urban Company turns profitable; GlobalBees faces insolvency MSN Read the original article here
Resolution Plan does not discriminate based on Type of creditors to give preference to secured creditors both having first charge or having residual charges: NCLAT [Read Order]
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT) has held that the resolution plan does not discriminate based onType of creditors to give preference to secured creditors both having first charge or having residual charges. The Appellants i.e. Shankar Mukherjee & Badri Kumar Tulsyan who are the Suspended Board of Directors…
A J Grant building company enters liquidation | St George & Sutherland Shire Leader
“We are considered one of the most successful and reliable accredited service providers for insurance claims and disaster relief and have an enviable track record with our clients; we provide competitive, reliable and quality building services, throughout Australia, giving our customers the peace of mind to build today, for tomorrow.” Read the original article here
Singapore private club 1880 suddenly closes under layers of debt; founders accused of holidaying in the past month
[SINGAPORE] Private members’ club 1880 suddenly announced its permanent closure effective Tuesday (Jun 17), with its holding company 38 Degrees and operating company 1880 Pte Ltd placed into provisional liquidation. This follows the abrupt closure of its Hong Kong branch on May 30. It was also building a six-storey beachside hotel in Bali that never…
Starleaton launches closing down sale following liquidation
Starleaton has announced an online closing down sale of its machinery after the company was placed in liquidation last week. “After 45 years in the print, signage, and graphics industry, Starleaton is closing down,” the company said in an email promotion. “This is your final chance to secure premium brands and quality products at unbeatable…