The Insolvency and Bankruptcy Code (IBC) is in the process of being changed to be effective from the next fiscal to accomodate the fast changing creditor-debtor scenario, according to the Insolvency and Bankruptcy Board of India (IBBI). The IBBI on Saturday invited comments from stakeholders and the public on making changes to the current…
A bench of the National Company Law Tribunal (NCLT) New Delhi, has ordered notices to the Union government and Chairman, Insolvency and Bankruptcy Board of India (IBBI), seeking their views on the the issue of voting rights of homebuyers and financial creditors of Jaypee Infratech Limited. The case relates to a deadlock over resolutions to…
Company to Deregister with the SEC; Common Stock to be Withdrawn from Trading on OTC WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) — Determine, Inc. (OTCQB: DTRM) (the Company) today announced that its Board of Directors has determined that since the Company has now completed the sale of substantially all of the assets of the Company…
Press release content from Globe Newswire. The AP news staff was not involved in its creation. Click to copyhttps://apnews.com/Globe%2520Newswire/b40cbd2b939124cb6560f22e9506e2af Company to Deregister with the SEC; Common Stock to be Withdrawn from Trading on OTC WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) — Determine, Inc. (OTCQB: DTRM) (the Company) today announced that its Board of Directors has…
Company to Deregister with the SEC; Common Stock to be Withdrawn from Trading on OTC WASHINGTON, April 18, 2019 (GLOBE NEWSWIRE) — Determine, Inc. (OTCQB: DTRM) (the Company) today announced that its Board of Directors has determined that since the Company has now completed the sale of substantially all of the assets of the Company…
Pier 1 Imports Inc.s Interim Chief Executive Cheryl Bachelder may have taken an optimistic tone after the home dcor retailer reported disappointing fourth-quarter earnings, but analysts were bearish, bringing up the possibility of a liquidation in the not-so-distant future. Given the trends in business, and its negative earnings per share, EBITDA [earnings before … Read…
Subject: Intimation of the Second Meeting of the Committee of Creditors (COC) of Punj Lloyd Limited under Regulation 30(2) read with Clause (g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 Dear Sir/Madam,Pursuant to Regulation 30 (2) of Securities and…
Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (LODR) Regulations, 2015 (LODR) and in accordance with Sub Clause 16 (g) of Clause A of Part A of Schedule III of SEBI (LODR), we wish to inform you about the major outcome of the First Meeting of Committee of Creditors of Punj…
Signs of hope have emerged for embattled wave energy developer Carnegie Clean Energy, after creditors on Wednesday voted unanimously to accept a restructuring plan to save the company and re-list it on the Australian Securities Exchange. Carnegie went into voluntary administration last month, and appointed KordaMentha Restructuring to oversee the business and its fully owned…
The Ministry of Corporate Affairs (MCA) has invited stakeholder comments on the proposed insolvency law reforms such as group insolvency, pre-packaged insolvency resolution and other issues related to the Insolvency and Bankruptcy Code, 2016 (IBC). The suggestions and comments have to be sent online by May 7. The move comes on the heels of the…