A battle over who is responsible for cleaning up hundreds of oil and gas rigs in the Gulf of Mexico is quietly playing out in a bankruptcy court in southern Texas. The contestants in this game of fossil fuel infrastructure hot potato: Fieldwood Energy, an offshore drilling company attempting to offload more than $7 billion…
The Committee of Creditors (CoC) of Rohit-Ferro Tech Ltd has declared Tata Steel Mining as the successful resolution applicant for the insolvent ferro alloy manufacturing company TopicsTata Steel|mining activity|Indo Borax Chemicals IANS | Mumbai Last Updated at June 7, 2021 12:21 IST In yet another acquisition for Tata Steel under the Insolvency and Bankruptcy Code,…
On 7 June 2021, the Maritime and Commercial High Court declared Gefion bankrupt.Policyholders must report their claims to the claims handlers mentioned in their policy. Further information can be found on the homepage of the bankruptcy estate, www.gefioninsurance.com. Furthermore the bankruptcy means that policyholders can cancel their policy, if they wish to do so. The…
A Sydney director whose companies owed creditors more than $3.1 million has been banned from managing companies for two years. ASIC has disqualified Grant Evan Donley of Sydney, NSW, from managing companies until 25 May 2023 for his role in the failure of Conceptual Interiors NSW Pty Ltd, Conceptual Interiors Group Pty Limited, and Conceptual…
Jun 03 2021, 8:28 AMJun 03 2021, 5:52 PMJune 03 2021, 8:28 AMJune 03 2021, 5:52 PM cThe Insolvency and Bankruptcy Code, 2016 has emerged as the most impactful legislation for enforcement actions by creditors against corporate debtors. Its interpretation has not been without controversy for that you may thank the ingenuity of various stakeholders…
A Taiwanese businessman who used to own one of the worlds biggest shipping empires before losing almost everything in the financial crisis is seeking to leave Britain after years of legal disputes and a spell in prison. Nobu Su, who was released from Pentonville prison in April last year having been detained for breaching a…
On October 17, at around 5 pm, R Subramaniakumar, the administrator of Dewan Housing Finance, received an unusual letter from an inmate of Taloja jail near Mumbai. The nine-page letter was from the finance companys erstwhile promoter Kapil Wadhawan, detailing an offer to settle all dues in exchange for taking back control of the firm.…
Katie Price has responded to rumours shes due to enjoy a huge pay day by joining Big Brother Australia this summer. The former glamour model, 43, was said to be in talks to join the Aussie reality show. Katie has struggled with financial woes for years now, and has been declared bankrupt. Read more: Katie…
{{featured_button_text}} MATTOON Taneya Higginbotham spoke to the Kiwanis Club of Mattoon about The RealiTea ProjecT during a recent Kiwanis Zoom meeting. Higginbotham, the project developer, described the project mission as: Discussing the reali-tea on racial injustice and racial equity to stimulate righteous actions and transform communities. Higginbotham Return to homepage Please subscribe to keep reading.…
Grant Evan Donley of Sydney, NSW has been disqualified from managing companies for two years for his role in the failure of three companies and trading while insolvent. The three construction companies specialised in interior fit-outs. They include: Conceptual Interiors NSW Pty Ltd A.C.N 165 311 795 (Conceptual Interiors NSW); Conceptual Interiors Group Pty Limited…