Popular kids brand Pumpkin Patch has been placed in liquidation after the company’s receivers were unable to find a buyer to mop up its $76 million worth of debt. The companys board appointed McGrathNicol as voluntary administrator and KordaMentha as its receivers last month with the hope the retailer could be saved. However, after the…
Kolkata: Institute of Company Secretaries of India (ICSI) has formed an Insolvency Professional Agency and had applied to the Insolvency and Bankruptcy Board for its registration. “The Insolvency and Bankruptcy Code of India has got the President’s assent and is now in place. ICSI thus has formed an Insolvency Professional Agency for which…
Nov 29 Antrim Energy Inc * Announces 2016 third quarter results * Board has concluded that it is in best interest of shareholders, corp to proceed with voluntary liquidation and dissolution of corporation * Itis anticipated that formal dissolution and winding up of corporation and its subsidiaries will occur in early 2017 * Board retains…
The sale of a West Midlands bacon producer has saved the jobs of 13 employees, after the company entered liquidation last week partly due to rising costs caused by the UKs Brexit vote. West Bromwich-based Turners of Bond Street approached insolvency firm CVR Global to act as liquidators. CVR partners Craig Povey and Richard Toone…
Cellcom Israel Ltd. (NYSE:CEL; TASE:CEL) is tired of playing around with Golan Telecom Ltd. and has filed for the company’s liquidation. While it is still difficult to estimate the final outcome, this issue will certainly occupy the Israeli communications industry in weeks to come. Cellcom has decided to file for liquidation following Golan’s NIS…
Attorney-General George Brandis will face another Senate inquiry grilling to determine his role in the West Australian Government’s bid to claw back nearly $1 billion from a corporate collapse. Key points: Brandis to give evidence at about his role in WA Government’s attempt to claw back money from Bell Group collapse Brandis rejects claims…
A SPORTSWEAR company launched by England and Sussex cricket legend James Kirtley looks set to go bust. Kirtley set up MKK Sports Limited more than ten years ago with three business partners supplying sports clubs throughout the country with kits. High profile clients included Sussex and Middlesex County Cricket Clubs (CCC). But a creditors’ meeting…
An Aboriginal corporation in Darwin that provides vital frontline services slipped into debt partly because a company supposed to give them hundreds of thousands of dollars to check dive sites for crocodiles never paid, the group’s acting chief executive says. Larrakia Nation Aboriginal Corporation acting chief executive Allan McGill has outlined how the group…
NEW DELHI: Union Minister Arun Jaitley today said there are a lot of expectations from the new insolvency mechanism and expressed confidence that it would deliver the desired results in the years to come. The Insolvency and Bankruptcy Board of India (IBBI) has been set up under the Insolvency and Bankruptcy Code that seeks to…