MURRAY WILSON/FAIRFAX NZ Several months of poor trading and the opening of two supermarkets in Tauranga led to the decision. Another Mad Butcher franchisee has gone into liquidation, the eighth in the past two years. The owners of the Mad Butcher store in Tauranga appointed BDO the liquidators of their company on Monday. Several months…
Shaktikanta Das expressed hope that Bankruptcy and Insolvency law would become operational by year end New Delhi: Economic Affairs Secretary Shaktikanta Das on Tuesday expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business. “We have a definite roadmap to implement…
New Delhi: The Insolvency and Bankruptcy Code is expected to become operational by the end of the year, economic affairs secretary Shaktikanta Das said on Tuesday. The government has maintained it is following an aggressive timeline for implementing the law, which is expected to be a game changer for the resolution of insolvency cases. The…
Craig Richardson – CEO, Wynyard Group Wynyard Group has placed itself in voluntary administration, as the software company battles crippling losses and missed revenue forecasts. Revealed via a statement issued on the New Zealand Stock Exchange, the security focused firm advised shareholders following a difficult period in which the company lost $36.2 million for the…
St. Paul, Minn., Oct 24, 2016 / 05:19 pm (CNA/EWTN News).- Personal and student debt can slow down or prevent prospective seminarians and aspirants to religious orders from pursuing their vocations, but one organization with national scope aims to change that. The Laboure Society’s work is critical because thousands of discerning men and women are…
LONDON Oct 25 London-listed Xcite Energy is set to go into liquidation after bondholders rejected a restructuring plan for the North Sea oil developer, the company said on Tuesday. Trading of the company’s AIM-listed shares was suspended after principal debt holders rejected a plan that would see the exchange of 100 percent of the outstanding…
By Reuters Published: 02:44 +11:00, 26 October 2016 | Updated: 02:44 +11:00, 26 October 2016 e-mail LONDON, Oct 25 (Reuters) – London-listed Xcite Energy is set to go into liquidation after bondholders rejected a restructuring plan for the North Sea oil developer, the company said on Tuesday. Trading of the company’s AIM-listed shares was suspended…
NEW DELHI: Economic Affairs Secretary Shaktikanta Das today expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business. “We have a definite roadmap to implement the Bankruptcy law. The Ministry of Corporate Affairs is working on it. The law ministry, the…
New Delhi: Economic Affairs Secretary Shaktikanta Das today expressed hope that the Bankruptcy and Insolvency law would become operational by the end of this year, leading to further ease of doing business. “We have a definite roadmap to implement the Bankruptcy law. The Ministry of Corporate Affairs is working on it. The law ministry, the…
Software company Wynyard Group has been put in voluntary administration. KordaMentha partners Neale Jackson and Grant Graham have been appointed administrators of the company, which creates security software for use by companies and law enforcement agencies. Computer keyboard Photo: 123RF It’s been a difficult year for Wynyard, with its board warning in August that the…