8 March, 2017 The provisions of the Insolvency and Bankruptcy Code, 2016 (Code) relating to the insolvency of companies and LLPs were notified on 1 December 2016. In the past three months anecdotal evidence suggests that scores of applications have been filed at the National Company Law Tribunal (NCLT) throughout the country. Of these, 64…
A scroll through the Instagram profile of Australian fashion designer Jessica White reveals a charmed life in sunny Bali, replete with cocktails, waterfront parties and an enviable wardrobe. But back home things aren’t so sunny for more than 80 creditors to her company who remain empty-handed since Ms White left Australia potentially owing almost $1…
Stuart Forrest speaking at the launch of the 2017 Entrepreneur of the Year award in Cape Town. Triggerfish Animation Studios is a South African film and entertainment animation company which produced the award-winning feature films Adventures in Zambezia and Khumba. It has also recently created the animation for Roald Dahls Revolting Rhymes TV series, which premiered…
Advertisement The U.S. Bankruptcy Court approved Cal Dive International motion to convert its Chapter 11 reorganization proceeding to a liquidation under Chapter 7. As previously reported, the Company had argued, As oil prices dropped, so did the appetite for oil and gas companies to drill offshore. This precipitous decline in the industry, in turn, caused…
Stuart Forrest speaking at the launch of the 2017 Entrepreneur of the Year award in Cape Town. Triggerfish Animation Studios is a South African film and entertainment animation company which produced the award-winning feature films, Adventures in Zambezia and Khumba. It has also recently created the animation for Roald Dahls Revolting Rhymes TV series, which…
Property owners who have been in limbo since construction company Watersun Homes went into voluntary administration will have their homes completed by new builders, administrators say. Three hundred projects across Victoria have been affected since the company ceased trading in the state on February 28. Ninety jobs have also been lost. Administrators Rodgers Reidy have…
By Alana Mitchelson Sage Institute of Fitness, now facing campus closures, hired sales professionals to serve as career advisers who had to lie through their teeth to entice students, according to a former Sage trainer and assessor. Sage students were told on Wednesday that they may be liable to pay VET government loan fees despite their courses being cut short. The…
Winthrop Realty Liquidating Trust Announces Results for the Year Ended December 31, 2016 Wednesday, March 8, 2017 10:30 PM UTC BOSTON, March 08, 2017 — Winthrop Realty Liquidating Trust (the Company or Winthrop) which was formed to complete the liquidation of the assets previously held by Winthrop Realty Trust, announced today it has filed its…
HOLLIDAYSBURG Following an investigation by the state Attorney Generals Office, officials of an area fire company, which was decertified last year, have agreed to liquidate its assets and pay a sizeable fine. Last week, Blair County President Judge Elizabeth Doyle approved a settlement agreement between the Attorney Generals Office and the Tipton-Antis Volunteer Fire Company.…
CRAIG SIMCOX/FAIRFAX NZ The home-grown firm was put into liquidation on Thursday. After hundreds of job losses, and months of trying to sell, troubled clothing store, Pumpkin Patch has been placed into liquidation on Thursday. Companies Office records show that McGrathNicol has been appointed liquidator for Pumpkin Patch Originals and Pumpkin Patch Direct. Pumpkin Patch was placed…
