Advertisement ESP Resources official committee of unsecured creditors filed with the U.S. Bankruptcy Court a motion for conversion of the Companys Chapter 11 reorganization to a liquidation under Chapter 7. The motion explains, The Debtors in this case have no prospect of rehabilitation. At best, a placeholder liquidating plan providing releases to all insiders has…
BOSTON, March 08, 2017 (GLOBE NEWSWIRE) — Winthrop Realty Liquidating Trust (the Company or Winthrop) which was formed to complete the liquidation of the assets previously held by Winthrop Realty Trust, announced today it has filed its Annual Report on Form 10-K for the year ended December 31, 2016. Liquidating Trust Shareholders are reminded that…
BOSTON, March 08, 2017 (GLOBE NEWSWIRE) — Winthrop Realty Liquidating Trust (the Company or Winthrop) which was formed to complete the liquidation of the assets previously held by Winthrop Realty Trust, announced today it has filed its Annual Report on Form 10-K for the year ended December 31, 2016. Liquidating Trust Shareholders are reminded that…
A COUNCIL has stepped in to give workers at a care provider which went into liquidation their wages. Cleeve Link, went into liquidation last week, but care workers have continued to work without pay. The company is based in Cheltenham but offers care to people in their own homes in Moreton as well as across…
The Dark Side Of Chinese Gambling And The Mafia That Controls Gambling Credit Wednesday, March 8th, 2017 | Written by Renee Its no secret that gambling operators highly favor the lucrative Chinese market and its VIP gambling segment which are happy to spend hundreds of thousands of dollars at the casino on a regular basis.…
The city-based company has allegedly defrauded a 20-lender consortium, led by public sector Uco Bank, through conspiracy, cheating and forgery. The National Company Law Tribunal (NCLT), Kolkata, has ordered for initiation of the Corporate Insolvency Resolution process in respect of Basmati rice exporter REI Agro, which has allegedly been involved in a massive bank loan…
The window for submitting stakeholder comments on draft regulations for voluntary liquidation under the Insolvency and Bankruptcy Board of India (IBBI) closes today. On February 14, the board had invited public comments on the Draft Regulations for Voluntary Liquidation giving time till March 8. The Ministry of Corporate Affairs had set-up four working groups of…
Rei Agro Ltd * Says NCLT, Kolkata has ordered initiation of corporate insolvency resolution process * Says power of the board of directors stand suspended and such powers will be vested with Anil Agarwal * Says Anial Agarwal appointed as interim resolution professional to carry out all compliances * Says application for corporate insolvency resolution…
Every company has liquidation inventory: returned, excess, obsolete or damaged merchandise that cant go back on store shelves. Though most organizations would rather not admit they have a need for it, liquidation is the rule not the exception in retail. Given how competitive retailing is today, the ability to squeeze margin…
New Delhi, Mar 6 (PTI) The Insolvency and Bankruptcy Board of India (IBBI) has given recognition to two insolvency professional entities. IRR Insolvency Professionals Pvt Ltd and AAA Insolvency Professionals LLP have been recognised by the IBBI, an official release said today. IBBI has been set up under the Insolvency and Bankruptcy Code that provides…