Grocons administrators have advised against winding up the collapsed construction giant. Picture: Daniel Pockett/NCA NewsWire Grocons administrators have advised against winding up the collapsed construction giant after revealing the complex group has been insolvent since February 2019, deeming a deed of company arrangement in the best interests of creditors. Grocon has placed 88 subsidiaries –…
NEW DELHI: National Company Law Tribunals (NCLT) across the country admitted a total of 283 companies into insolvency amid the pandemic after the announcement of the nationwide lockdown last year.In a written reply to the Lok Sabha, the minister of state for corporate affairs, Anurag Thakur, also said that during the period of April 1,…
Outlook March 23, 2021 14:00 IST Supreme Court of India Stays Telangana High Court Judgement in an Insolvency Case of Oil Country Tubular (OCTL) outlookindia.com 1970-01-01T05:30:00+0530 (Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.) With a total loan outstanding…
PERTH (miningweekly.com) Coal miner New Hope Corporation has vowed to defend itself against legal proceedings against two of its now defunct subsidiaries, while also announcing that it had swung to a loss during the first six months of 2021. New Hope on Tuesday told shareholders that liquidators from its former subsidiaries Northern Energy Corporation (NEC)…
NO liquidation appointment notices have been listed for businesses in the Ipswich Local Government Area so far today. The total for the past year is 11. News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state. Queensland-based companies operating without an ABN were omitted from…
The man who led the turnaround at McGrath (ASX: MEA) will soon take the reins at another property company that has been battling for recovery – The Agency Group (ASX: AU1). The fast-growing company has today announced property industry veteranGeoff Lucas will start as group CEO next week on 29 March, working alongside managing directorPaul…
Article 0 Comments The Pennsylvania Commonwealth Court has approved the liquidation of Bedivere Insurance Company, formerly One Beacon Insurance Company, recognizing that the companys financial liabilities have exceeded its assets. Bedivere, a domestic stock property/casualty company based in Pennsylvania, has consented to the liquidation process, in which policyholder claims will be paid through the state…
NO liquidation appointment notices have been listed for businesses in the Sunshine Coast Local Government Area so far today. The total for the past year is 23. News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state. Queensland-based companies operating without an ABN were omitted…
The sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. By Nitin Jain The main objective of the Insolvency and Bankruptcy Code 2016 (IBC) is to maximize value for the creditors. Keeping in line with this objective, the regulator through an amendment…
Qantas arguments, that the choice of jurisdiction was not clear had no link to Singapore and that a hearing in Australia would be more convenient to all, also faced derision. The choice of jurisdiction is clear, Justice Hammerschlag said. There is no challenge to the jurisdiction of Singapore … that the proceedings have to be…