(Reuters) Satellite operator Avanti Communications <AVN.L> said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million (£35.48 million). The company, which is swapping its debt for equity, said if the restructuring is not…
The prominent New South Wales criminal lawyer Charles Waterstreet has declared bankruptcy and faces losing his licence to practise. He lodged the documents with the Australian Financial Security Authority on 13 March and is listed as an undischarged bankrupt, Fairfax Media reports. Waterstreet had 28 days to explain to the NSW Bar Association why he…
Industrialists, Lawyers and Chartered Accountants who gathered for a book launch by Sridhanya Foundation called the National Company Law Tribunal (NCLT) a powerful tool. The Centre has constituted NCLT under Section 408 of the Companies Act, 2013 (18 of 2013) from June 2016. The NCLT is a powerful tribunal, Justice N. Kirubakaran, judge, Madras High…
Former BHS owner Dominic Chappell bought BHS from Sir Philip Green for £1 in 2015 (Gareth Fuller/PA) Ex BHS owner Dominic Chappell plans to sue Philip Green and fight boardroom ban Independent.ie Former BHS owner Dominic Chappell plans to sue Sir Philip Green and contest a proposed boardroom ban in a bid to repair his…
BELOVED Yeppoon cafe Michel’s Patisserie has sadly gone into liquidation. The family patisserie which had traded for the past 10 years, was located in Yeppoon Central Shopping Centre, offering sweet treats, scrumptious savouries and award winning coffee, According to a press release from Worrells Solvency and Forensic Accountants, a company which provides insolvency administration, the…
Small companies also account for a sizeable proportion of the organized sector workforce in the country. Illustration: Jayachandran/Mint Arvind Subramanian had once said that India has moved after 1991 from socialism without entry to capitalism without exit. The recent sight of some of the biggest Indian companies being put on the auction block by creditors…
High-profile barrister Charles Waterstreet has declared bankruptcy, casting doubt on his ability to continue practising at the Sydney Bar. The 68-year-old lodged documents with the Australian Financial Security Authority on March 13 and is now listed as an undischarged bankrupt on the national personal insolvency index. Charles Waterstreet applied for bankruptcy after he was ordered to…
Anticipating a difficult resolution for the Assam Company India Ltd, which is facing insolvency proceedings in the Guwahati bench of NCLT, the companys resolution professional, T Kannan has asked for an extension till July 23 from the tribunal to complete the process. The problem is on account of the debt…
Binani Cement is likely to move the Supreme Court on Monday to end insolvency proceedings against it. The companys lenders have asked it obtain the necessary permission before consenting to an out-of-court settlement. The lenders met on Saturday. After the meeting some of them confirmed the meeting was held to…
Is east Cork the new Cork? Pearse Flynn, tech veteran, football club owner and now top insolvency adviser, must hope so, given his ever-rising commitment to his home town of Ballycotton. Flynn has built an architectural gem of a home in the town, on the cliffs overlooking Ballycottons brooding island lighthouse. Local reports say he…