Coast company closes days before Christmas – The Sunshine Coast Daily

AN ESTABLISHED Coast company has been wound up just days before Christmas. DT & WM Bodkin Pty Ltd, trading as Signarama Sunshine Coast South, went into liquidation on Thursday. The Australian Securities and Investments Commission’s insolvency notices website advised liquidator Dane Hammond of Worrells Solvency and Forensic Accountants was appointed this week. The insolvency notice…

Trump’s Tariff Decision Looms Large for Sale of Solar Company – Bloomberg

SolarWorld Americas Inc., one of two U.S. solar manufacturers asking President Donald Trump for tariffs on imported panels, says the move could revive a struggling industry. It may also boost the companys value ahead of a potential sale. The manufacturer, owned by bankrupt German panel maker SolarWorld AG, has already invited more than a dozen suitors to submit non-binding…

Insolvency and Bankruptcy Code amendment: Promoters of SMEs may get chance to bid for stressed companies – Firstpost

The Narendra Modi government may include a few more changes in the Insolvency and Bankruptcy Code or IBC ordinance in the finance bill when it is tabled in Parliament during the Budget session, according to a top official quoted in this  Economic Times report. The IBC was put into effect in May 2016 and the authorities…

Watts McCray’s Chris Dunn Elected Inaugural President of Family Law Association – PRWire (press release)

Senior consultant Chris Dunn of Watts McCray, Australias leading family lawyers, has been recently elected the inaugural President of the Greater West Family Law Practitioners Association. The announcement was made by His Honour Justice Foster, one of the Justices of the Family Court based at the Parramatta Registry. The Honourable Eric Baker has also been…

Mahesh Bhupathi, Lara Dutta file insolvency case against Gitanjali Gems – Hindustan Times

Brand ambassadors of Gitanjali Gems Ltd, Mahesh Bhupathi and Lara Dutta have filed an insolvency petition as operational creditors against the jewellery manufacturer and retailer, according to the website of National Company Law Tribunal (NCLT). The case in the Mumbai bench of the Tribunal by the celebrity couple to recover their contractual dues, is first…

Individual bankruptcy: Rules to deal with personal guarantors soon – Hindustan Times

New government rules for dealing with guarantors of corporate loans to bankrupt companies are likely to provide for selling off individuals assets to recover the unpaid dues, top government sources told HT. The government is likely to notify the rules that will provide for proceedings by the National Company Law Tribunal against individual guarantors. The…

Companies Amendment Bill passed: Creditors of insolvent cos can get shares at discount – Economic Times

NEW DELHI: The Companies Amendment Bill passed by Parliament has brought relief for creditors involved in insolvency proceedings allowing them to acquire shares of insolvent company at a discounted price. The Section 53 of the amended Companies Bill states, “a company may issue shares at a discount to its creditors when its debt is converted…