Hospitality sector hit by a wave of administrations as it grapples with the post boom economy and stay-at-home drinkers – The West Australian

POOLSIDE Runway Show at Matisse Beach Club on Saturday January 21st, 2017. Fashion Parade Picture: John Koh. With a clutch of appointments into the sector in recent months, insolvency firm McGrathNicol is cautioning about growing stress in WAs hospitality industry. The combination of WAs softer post-resources boom economy, cautious consumers and stay-at-home drinkers tapping the…

NCLT admits SBI’s insolvency application against Electrosteel Steels – Moneylife

The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday issued an interim order admitting State Bank of India’s (SBI) insolvency application against the city based Electrosteel Steels Limited for initiating the corporate insolvency resolution process. “The petition filed by the Financial Creditor (in the case SBI) under section 7 of the Insolvency…

NCLT admits SBI’s insolvency application against Electrosteel Steels – India.com

Kolkata, July 21 (IANS) The Kolkata bench of the National Company Law Tribunal (NCLT) on Friday issued an interim order admitting State Bank of Indias (SBI) insolvency application against the city based Electrosteel Steels Limited for initiating the corporate insolvency resolution process. The petition filed by the Financial Creditor (in the case SBI) under section…