In a move that could potentially enable in finding a suitor under the corporate insolvency resolution process (CIRP), the National Company Law Tribunal-Hyderabad has extended the deadline to evaluate some plans. The Hyderabad-based hospitality chain Viceroy Hotels Limited may perhaps find a suitor, with the NCLT extending the deadline for resolving the case. The Judicial…
Mark William Taylor, 51, and Kelie Taylor, 34, of Ellesmere Port, appeared at Liverpool Crown Court on 10 December 2018 following a joint investigation between Merseyside Police and the Insolvency Services Criminal Enforcement Team. The case centred on the activities of Global Media Corporation Ltd and Paramount Media Company between 2009 and 2014. The two…
Augmented reality firm Blippar, one of the UKs best-funded startups, is close to collapse. According to The Sunday Times, its chairman has written to shareholders warning of a dispute between two investors. Malaysian sovereign wealth fund Khazanah has reportedly blocked property tycoon Nick Candy from injecting further funding into Blippar. There have been months of…
Sub: Extension of Corporate Insolvency Resolution Process (`CIRP) for further period of 45 days. Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the above cited subject, I would like to inform that the Honorable National Company Law Tribunal, Hyderabad Bench (NCLT) vide its Order…
Daily News View All News 10 December 2018 Jobbird, a Dutch job board, declared bankruptcy last week with the groups founder seemingly failing to inform its employees. According to Sprout.nl, Jobbird founder Jan-Peter Cruiming filed for bankruptcy behind the scenes and did not notify employees. Staff at Jobbird were given notice of dismissal last week…
ISLAMABAD: The Pakistan Bar Council (PBC) the parent organisation that regulates affairs of the legal fraternity has petitioned the Supreme Court seeking a direction declaring that Law Minister Farogh Naseem cannot stay a member of the council. The respondent No 1 [the minister] ceases to be a member of the PBC after becoming a federal…
The Irish courts have jurisdiction to decide a dispute over an arrested motor pleasure boat bought for more than 1.2m by a company of an Irish-born tax lawyer, a High Court judge has ruled. The M.V. Connoisseur was arrested last August on foot of a High Court order and remains moored in Dun Laoghaire port.…
The Irish courts have jurisdiction to decide a dispute over an arrested motor pleasure boat bought for more than 1.2m by a company of an Irish-born tax lawyer, a High Court judge has ruled. The M.V. Connoisseur was arrested last August on foot of a High Court order and remains moored in Dun Laoghaire port.…
Following months of rumors about its financial difficulties, Swiss business aviation group and ACMI provider PrivatAir announced on Wednesday it filed for insolvency 41 years after it was established. Both PrivatAir SA in Switzerland and its subsidiary PrivatAir GmbH in Germany commenced insolvency proceedings. Over the past few weeks, a number of events have had…
The hedge fund run by Sears Chairman Edward Lampert is offering to buy many of the bankrupt retailers remaining assets for about $4.6 billion with hopes of keeping the chain in business and continuing to employ about 50,000 of its workers. The bid from Lamperts ESL Investments includes about 500 Sears and Kmart stores, headquarters…