The regulations come into force from today New Delhi, March 31: The Insolvency and Bankruptcy Board of India (IBBI) has issued regulations pertaining to the voluntary liquidation process for corporate persons. The regulation, which will come into force on April 1, 2017, lays down the process from initiation of voluntary liquidation of a corporate person…
Following a lengthy struggle with financial insolvency, gaming peripheral maker Mad Catz has formally ceased all operation. The company’s directors and officers have all resigned, and its assets will be liquidated. The company that spent nearly three decades pumping out PC and console gaming gear is no more.
Great Moscow Circus performers stranded, tour canned exit RELATED COVERAGE Thirteen international circus performers are stranded, cashless in Ballarat after the Great Moscow Circus went into liquidation this week. The circus was booked to perform at Ballarat Showgrounds for four nights, from Wednesday through to Saturday. Staff and contractors were told on Tuesday the company was…
New Delhi, March 31: The Insolvency and Bankruptcy Board of India (IBBI) has issued the regulations on voluntary liquidation process for corporate persons. This regulation, which will come into force on April 1, 2017, provides the process from initiation of voluntary liquidation of a corporate person till its dissolution. The corporate person for the purpose…
Insolvency: Wollongong Coal is not hopeful it will recover any money from Arun Jagatramka. Struggling miner Wollongong Coal has won a $91 million judgment in a long-running court case against its former parent company, Arun Jagatramkas Gujarat NRE Coke. But the result is a bittersweet one for the Indian-owned, Wollongong-based coal firm, as it is…
‘It’s a mess’: Watersun Homes collapse leaves pregnant woman, fiance in the lurch Ebony Murner and her fiance Matthew Filmer. Photo: Supplied Watersun Homes was placed in voluntarily administration on Tuesday. Photo: Courtesy of The Bendigo Advertiser Matt Filmer and Ebony Murner in front of their unfinished house in Meredith. Photo: Justin McManus Matt Filmer…
SANTERAMO IN COLLE, Bari, Italy–(BUSINESS WIRE)–The Board of Directors of Natuzzi S.p.A. (NYSE:NTZ) has approved the Full Year 2016 consolidated results. Consolidated net sales in 2016 were 457.2 million, down 6.4% from 488.5 million in 2015. Under constant exchange rates, net sales would have declined by 4.9%. Natuzzis core business (sofas, beds and furnishings) reached…
A board falling-out on the back of a poor first-half result has sparked the sudden resignation of Coventry Groups chief executive after just two years. Peter Caughey, who orchestrated a sweeping restructure of Coventry after relocating the fasteners to gaskets company to Melbourne in 2015, will serve out his six-month notice period on gardening leave.…
Insolvency: Wollongong Coal is not hopeful it will recover any money from Arun Jagatramka. Struggling miner Wollongong Coal has won a $91 million judgment in a long-running court case against its former parent company, Arun Jagatramkas Gujarat NRE Coke. But the result is a bittersweet one for the Indian-owned, Wollongong-based coal firm, as it is…
The chief executive of training organisation Republica Education says Australia needs to rethink how private colleges, TAFEs and universities deliver higher education after government policy contributed to Republica entering liquidation this week. The companys chief executive Ryan Trainor told SmartCompany the liquidation of Republica Education Pty Ltd, which until recently had five specialist training schools in the area of…