Organic vege grower in liquidation

A North Otago organic vegetable growing business, recently approached to appear on Country Calendar, has gone into voluntary liquidation owing more than $1 million, while a subsidiary company owes more than $300,000. Organic Solutions, which traded as Oamaru Organics, is 53.45% owned by James Porteous — who is also the sole director — and Australian-based Lanson…

Lenders Extend Resolution Plan Deadline To June 24

Lenders of Jaiprakash Associates have extended the deadline for submission of resolution plan to June 24 on request of prospective bidders. In a regulatory filing, Jaiprakash Associates Ltd (JAL), which is facing insolvency process, said the Committee of Creditors (CoC) has approved the deadline extension. In terms of the invitation for expression of interest, the…

AGI Greenpac Alleges Invalid CCI Approval for HNG Acquisition Amidst Legal Battle with INSCO, ET LegalWorld

AGI Greenpac Limited has raised fresh concerns with the committee of creditors (CoC) over the acquisition of Hindusthan National Glass & Industries Limited (HNGIL) by Independent Sugar Corporation Limited (INSCO), alleging procedural lapses . In its latest, AGI’s letter to the CoC has alleged that INSCO’s Green Channel approval under Combination Registration is invalid. AGI…