Board of Jyoti Structures suspended w.e.f. 12 July 2017 Jyoti Structures announced that the Company has been going through financial difficulty. One of the Lenders i.e. State Bank of India had filed application for initiation of corporate insolvency resolution process (CIRP) of the Company as per the provisions of the Insolvency and Bankruptcy Code…
A Melbourne builder is being hunted by angry tradesmen who claim they are owed millions of dollars for work on an apartment complex in which underworld figure Mick Gatto has a financial interest. Key points: A number of contractors walked off job in West Melbourne last month over non-payment of bills Imagebuild Group…
Former Australian supermodel Kristy Hinze may be married to one of the wealthiest men on the planet, but all those billions are no good to her brother Guy Hinze and his wife Lauren who have been forced to place their once successful baby goods emporium business into voluntary administration. A notice on the Bubs Baby…
An Auckland-based business called Very Successful Company Limited will soon cease to exist after it went into liquidation. The company is in the process of being removed from the Companies Office and wound up. Liquidator Douglas Fisher was appointed late last year to liquidate the business but said this was not for financial reasons. “It’s…
Lanco Infratech Ltd, against which Corporate Insolvency Resolution Process has been initiated, has said that the management of the affairs of the company vests with Savan Godiawala, who has been appointed as the Interim Resolution Professional. Mr.Godiawala was appointed as the IRP with effect from August 7, under the provisions of the Insolvency and Bankruptcy…
Liquidators are working to realise the assets of collapsed building company Queensland One Homes in the hope of recouping millions for creditors of the business, as insolvency experts say the east coast of Australia and the construction sector are areas to watch for company collapses. Queensland-based home builder Queensland One Homes Pty Ltd entered liquidation on…
By: Express News Service | Noida | Updated: August 17, 2017 5:18 am Last week, panic broke out among those who had invested in Jaypee Infratech projects after the insolvency plea. (Express Photo) Related News In an effort to reach out to home buyers who had invested in Jaypee Infratech projects in Noida and Greater…
By: Express News Service | Noida | Published:August 17, 2017 4:21 am Last week, panic broke out among those who had invested in Jaypee Infratech projects after the insolvency plea. Express photo Related News In an effort to reach out to home buyers who had invested in Jaypee Infratech projects in Noida and Greater Noida,…
THE collapse of a Gold Coast building company has left 133 tradies and staff more than $3.4 million out of pocket and 35 would-be home-owners in limbo. The Queensland Building and Construction Commission has suspended the licence of Queensland One Homes, which was put into liquidation last month, the Gold Coast Bulletin reports. A related…
Firm has been operating at a very low capacity Chennai, August 16: The interim resolution professional appointed to complete the corporate insolvency resolution process of Amtek Auto, on Wednesday wrote to the exchanges to keep the companys shares listed in order to keep the company as a going concern. NCLTs move The Corporate Insolvency Resolution…