New hope for Cockatoo Island’s iron ore mine, after two floods and a sale that fell through – ABC News

It’s the iron ore mine that has spent more time under water than in production. The Cockatoo Island mine sits off the remote West Kimberley coast, 2,000km north of Perth. The mine’s main deposit sits below sea level, behind a seawall. Constant maintenance and dewatering is needed to prevent more seawater from seeping in, costing…

Boss banned after construction company breaches health and safety regulations – GOV.UK

Michael Allen, 64 of Ashbourne, Derbyshire, was a director of Allen and Hunt Construction Engineers Limited, a specialist company in manufacturing and erecting steel-framed agricultural and industrial buildings. In July 2014, one of Allen and Hunt Construction Engineers Limiteds workers was carrying out repairs on a farm building in Buxton, when they fell through the…

Serbia offers for sale assets of insolvent Jugoremedija – SeeNews

License: Creative Commons CC0 BELGRADE (Serbia), July 6 (SeeNews) – Serbia’s Bankruptcy Supervision Agency is inviting bids for the purchase of assets of insolvent pharmaceutical company Jugoremedija, the agency said. The estimated value of the assets of Jugoremedija for sale stands 3.887 billion dinars ($38.6 million/32.9 million euro), the Bankruptcy Supervision Agency said in a notice earlier this week. According…

Insolvency service investigated 300 cases of suspected hidden assets in 2017 – Irish Times

The Insolvency Service of Ireland (ISI) conducted more than 300 investigations last year into cases where it suspected people going through bankruptcy had not declared assets or had illegally transferred property to the detriment of creditors, according to its latest annual report. The report, due to be presented imminently to the Cabinet, discloses that three…

NCLT’s knuckle-wraps have put insolvency resolution professionals under a scanner – Business Line

The role of insolvency resolution professionals (IRPs) and their ability to handle day-to day affairs of bankrupt companies has come under the spotlight with the NCLT questioning their decisions in a few recent high-profile insolvency cases. At last count, there were over 1,800 registered IRPs wading through a pile of over 9,000 cases. Stakeholders are…

Bharat Road Network Ltd – Corporate Insolvency Resolution Process (CIRP)-Initiation of Corporate Insolvency … – Business Line

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that an application has been filed against the Company, under Section 7 of the Insolvency and Bankruptcy Code, 2016, by Religare Finvest Limited, claiming to be a Financial Creditor, before the Honble National Company Law Tribunal, Kolkata…