Rama Paper Mills Ltd – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors Rediff MoneyWiz Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by VPR Mining Infrastructure Pvt. Ltd., upholding the order of the National Company Law Tribunal (NCLT), NCLAT Indore Bench, which had rejected a Section 9 application filed under the Insolvency and Bankruptcy Code, 2016. The appellant had approached the NCLAT against the NCLT’s…
The New Delhi bench of the National Company Law Appellate Tribunal( NCLAT) has held that the resolution plan does not discriminate based onType of creditors to give preference to secured creditors both having first charge or having residual charges. The Appellants i.e. Shankar Mukherjee & Badri Kumar Tulsyan who are the Suspended Board of Directors…
“We are considered one of the most successful and reliable accredited service providers for insurance claims and disaster relief and have an enviable track record with our clients; we provide competitive, reliable and quality building services, throughout Australia, giving our customers the peace of mind to build today, for tomorrow.” Read the original article here
[SINGAPORE] Private members’ club 1880 suddenly announced its permanent closure effective Tuesday (Jun 17), with its holding company 38 Degrees and operating company 1880 Pte Ltd placed into provisional liquidation. This follows the abrupt closure of its Hong Kong branch on May 30. It was also building a six-storey beachside hotel in Bali that never…
Starleaton has announced an online closing down sale of its machinery after the company was placed in liquidation last week. “After 45 years in the print, signage, and graphics industry, Starleaton is closing down,” the company said in an email promotion. “This is your final chance to secure premium brands and quality products at unbeatable…
Audio-visual technology supplier and distributor ActiveVision NZ has gone into liquidation after an attempt to reach a compromise with creditors appears to have failed or been abandoned. According to a document posted to the Companies Office, the company owed around $1.2 million after proposing a deal whereby creditors would receive 70% of what they were…
Gregor Heard is ACM’s national grains industry reporter, based in Horsham, Victoria.He has a wealth of knowledge surrounding the cropping sector through his 15 years in the role.Prior to that he was with the Fairfax network as a reporter with Stock & Land.Some of the major issues he has reported on during his time with…
The owners of Christchurch’s London Canteen have let their customers know with “heavy hearts” the cafe at Oderings Garden Centre in Barrington has gone into liquidation. The canteen is under the company Table Bloom with directors listed as Simon Suffolk and Jisuk (Julie) Han who are shareholders with Edmund Tanner. Christchurch liquidator Brenton John Hunt…
The National Company Law Tribunal (NCLT), Hyderabad Bench-I, has approved the Rs 67 crore resolution plan submitted by Delta Sourcing for Trident Sugars Limited (Corporate Debtor). The plan had received unanimous approval with 100% voting share from the Committee of Creditors (CoC). Approved Resolution Plan Details: Successful Resolution Applicant (SRA): Delta Sourcing, a proprietorship firm…