By Ibrahim a Manzil Government’s desperate efforts last week to save the troubled Uganda Telecom Limited could be watered down today in a make or break meeting with creditors. The official government receiver and provisional administrator Bemanya Twebaze said the creditors “will be required to decide whether the administration should continue or the company goes…
Home buyers will soon be required to send the Australian Taxation Office a cheque for GST on their new dwelling, a surprise change that has been criticised by property and tax specialists as unworkable. The budget revealed that as of mid-2018, GST will need to be paid to the ATO on “newly constructed residential premises…
Liquidation of the company that operated discount retail brands Crazy Clark’s and Sam’s Warehouse is close to being finalised, with unsecured creditors expected to receive 17.44 cents in the dollar. Fairfax Media has obtained the annual report of liquidator Deloitte into Retail Adventures Pty Ltd, which entered voluntary administration on October 26, 2012. The owner of former discount…
State Security minister Kembo Mohadi has approached the High Court seeking the removal of Barbra Lunga as liquidator of his insolvent company, accusing her of fleecing him large sums of money through the illegal sale of the firms assets. BY CHARLES LAITON State Security minister Kembo Mohadi According to Mohadi, his company, Nerry Investments (Pvt)…
As we predicted back in March, Dragoman Global the consulting company that offers “engagement with senior government and political figures”, but is not a lobbying firm is no longer anything at all. Its two equity partners, former BHP Billiton colleagues Tom Harley and John Fast, have tipped their business into voluntary liquidation, a process overseen…
Toronto, Ontario–(Newsfile Corp. – May 8, 2017) – Khan Resources Inc. (CSE: KRI) (“Khan” or the “Company“) is pleased to announce the appointments of interim executive officers and the termination of its liquidation plan. Mr. Marc C. Henderson has agreed to serve as the Company’s interim Chief Executive Officer and Mr. Michael Sadhra will assume…
Lagos, Nigeria: It is announced that on 5 May 2017, the Eastern Caribbean Supreme Court in the High Court of Justice, British Virgin Islands (the Court) placed Sea Trucks Group Limited (the Company) into provisional liquidation, appointing Chad Griffin of FTI Consulting LLP and Ian Morton of FTI Consulting (BVI) Limited as Joint Provisional Liquidators…
Sea Trucks group remains in operation despite liquidators being appointed to the group holding company The Eastern Caribbean Supreme Court in the High Court of Justice British Virgin Islands has placed Sea Trucks Group Limited in provisional liquidation, appointing Chad Griffin of FTI Consulting LLP and Ian Morton of FTI Consulting (BVI) Limited as joint…
CBS , WTSP 8:33 PM. EDT May 07, 2017 Gander Mtn. is located at 11655 W. Hillsborough Ave. (Photo: Google Earth) Gander Mountain is closing all its stores months after filing for bankruptcy. The largest retail network of outdoor specialty stores has been in business for 57 years but will close its 126 locations, it…
Precision Electric Ireland has entered liquidation while owing more than 4.3 million to creditors, 3.2 million of which is due to unsecured creditors. The decision to wind up was taken by the company directors on the basis that the companys liabilities far outweighed its assets. According to the directors estimated statement of affairs, the total…