Depositor can move the National Company Law Tribunal (NCLT) seeking an order under Section 73 (4) of Companies Act, 2013 directing the defaulting company to pay the dues. Aggrieved depositors can form an association and move a class-action suit (under the Company Law) against the defaulting company An individual depositor can as a financial creditor…
WOODBRIDGE, N.J., Sept. 23, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to its stockholders totaling approximately $1,300,000, or $0.120 per share during the week of October 24, 2016 (the Distribution). When…
WOODBRIDGE, N.J., Sept. 23, 2016 (GLOBE NEWSWIRE) — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to its stockholders totaling approximately $1,300,000, or $0.120 per share during the week of October 24, 2016 (the…
EMRISE CORPORATION Announces Estimated Date and Amount of Third Liquidation Dividend Distribution to Stockholders Friday, September 23, 2016 12:45 PM UTC WOODBRIDGE, N.J., Sept. 23, 2016 — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a third liquidation dividend distribution to…
The parent company of Perth-based mining services company JSW Australia has entered voluntary administration, with representatives of McGrathNicol appointed yesterday. Jason Preston, Shaun Fraser and Jamie Harris were appointed as administrators of Brisbane-based Hughes Drilling, with the intention of keeping the business in operation while they undertake a financial and operational assessment of the firm.…
September 22, 2016 Updated 9/22/2016 Email Print PRW … Read the full article at: http://www.plasticsnews.com/article/20160922/NEWS/160929926/sandretto-employees-left-in-dark-over-company-liquidation
New Delhi: Moving to put in place a bankruptcy framework in India, the government on Thursday appointed M.S. Sahoo as the chairperson of the Insolvency and Bankruptcy Board of India. Sahoo is currently a member at anti-trust regulator Competition Commission of India and was earlier a member at capital markets regulator Securities and Exchange Board…
Guildford-based BYAC Contracting has been placed into liquidation after losing a long-running contract at the Murrin Murrin nickel project and failing to establish itself as a training provider. The liquidation does not affect parent company Burnna Yurral Aboriginal Corporation, which is owned by members of the Laverton-based Tucker family. The contracting arm was established about…
22 September 2016 Lara Bullock Herbert Smith Freehills has created a new guide to help companies and lenders navigate the various insolvency regimes in the Asia-Pacific region. The Restructuring, Turnaround and Insolv… Read the full…
September 21st, 2016 Holly Birkett Europe, Finance and Insurance, Tankers 0 comments A bankruptcy court in New York has approved Primorsk International Shippings (Prisco) liquidation plan, reports say. Prisco filed a voluntary petition in January for reorganisation under Chapter 11 in the US Bankruptcy Court for the Southern District of New York, saddled with $262.2m…