IRP seeks NCLT’s direction’on Lanco Infratech’s liquidation – Moneycontrol.com

Lanco Infratech, currently under insolvency proceedings, today said its Resolution Professional (IRP) is approaching the NCLT seeking approval for”the company’s liquidation or any other direction”as”a potential buyer has come with a revised “resolution plan”. The revised plan had been submitted by Thriveni Earthmovers, a Tamil Nadu-based infra and mining firm, on Tuesday as the creditors…

Cambridge Analytica begins insolvency proceedings in the UK – The Australian Financial Review

by Jordan Robertson Cambridge Analytica, the political-consulting firm at the centre of a data-collection and privacy scandal, said it’s shutting down all operations and has begun insolvency proceedings in the U.K. The data and advertising firm is also filing for bankruptcy in the US, according to a statement on Cambridge Analytica’s website. The company, which…

BRIEF-Cambridge Analytica and SCL Elections Ltd Commence Insolvency Proceedings – Reuters

May 2 (Reuters) – * CAMBRIDGE ANALYTICA AND SCL ELECTIONS COMMENCE INSOLVENCY PROCEEDINGS * CAMBRIDGE ANALYTICA – SCL ELECTIONS LTD., CERTAIN OF ITS AND CAMBRIDGE ANALYTICA LLCS U.K. AFFILIATES FILED TO COMMENCE INSOLVENCY PROCEEDINGS IN U.K. * CAMBRIDGE ANALYTICA- CO IMMEDIATELY CEASING ALL OPERATIONS; BOARDS APPLIED TO APPOINT INSOLVENCY PRACTITIONERS TO ACT AS THE INDEPENDENT…

TickPick Acquires Razorgator, Says They Will Work Through Insolvency Issues – Amplify

No-fee ticketer TickPick has announced today that is acquired secondary ticketing marketplace, Razorgator. The deal will see TickPick acquire assets from one of the largest ticketing marketplaces after Razorgator declared it was formerly insolvent in February of this year. Were buying everything related to the retail business, Co-Founder and Co-CEO of TickPick Brett Goldberg told…

Stricter regulation needed as personal insolvencies set to rise by 17 … – Global Banking And Finance Review (press release)

Following the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online:  The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…

NCLT to hear Adhunik’s plea for extension of insolvency proceedings timeframe – Business Line

The Resolution Professional (RP) of Adhunik Metaliks Ltd has sought exclusion of 20 days from the mandatory 270-day timeframe required to complete an insolvency process. The 270-day deadline granted to the bankrupt company under the corporate insolvency resolution process (CIRP) expired on April 29. While no resolution plan was approved by the Committee of Creditors…

TickPick Acquires Secondary Staple Razorgator; Co-CEO Calls It An Important Acquisition Of Major Marketplace – Pollstar

Brett GoldbergTickPick Co-founder and Co-CEO Secondary marketplace TickPick is acquiring the brand and ticket resale platform Razorgator, which had declared financial insolvency in February. TickPick made the announcement today, and cofounder/co-CEO Brett Goldberg spoke with Pollstar about where Razorgator is headed after financial woes led to many customers purchasing tickets not honored at venues. The…

Stricter regulation needed as personal insolvencies set to rise by 17% in 2018 – Global Banking And Finance Review (press release)

Following the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online:  The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…