The Fourteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 25 October 2018 at 1:00 PM at Orion Room, The Learning Galaxy, 8th Floor, Iconic Wing, Urmi Estate, 95, Lower Parel (West), Mumbai 400013, India. The outcome of the meeting is attached herein. Pdf Link: Ramsarup Industries Ltd. – Corporate…
CBL Insurance will be wound up after the High Court in Auckland approved an application by the Reserve Bank of New Zealand to liquidate the business. The business has been in court-imposed interim liquidation and its parent company CBL Corporation in voluntary administration since February. The courts decision looks set to hasten the demise of…
Adhunik Metaliks, the Calcutta-based beleaguered steel maker, may face liquidation after Liberty House of the UK failed to make an upfront payment to the creditors within the stipulated time. The National Company Law Tribunal (NCLT) suggested that the committee of creditors (CoC) may consider moving an application seeking the liquidation of Adhunik. Liberty has sought…
CBL Insurance will be wound up after the High Court in Auckland approved an application by the Reserve Bank of New Zealand to liquidate the business. The business has been in court-imposed interim liquidation and its parent company CBL Corporation in voluntary administration since February. The courts decision looks set to hasten the demise of…
Banks have lost an additional income of 4,000 crore due to the delay in resolution of the initial 12 large insolvency cases referred by the RBI last June. Of the 12 large insolvency cases, only four have been resolved so far. The other cases remain unresolved even after over 450 days of their being admitted…
The Labour Party will seek to deter company directors from committing serious tax offences if elected. The Labor Party has promised to “name and shame” dodgy company directors that engage in illegal phoenixing activities if it wins the federal election next year. Under the proposed new policies, Labor would give the Commissioner of Taxation the…
The Labor Party has promised to “name and shame” dodgy company directors that engage in illegal phoenixing activities if it wins the federal election next year. Under the proposed new policies, Labor would give the Commissioner of Taxation the power to name individuals and entities as a penalty to deter directors from committing serious tax…
Dear Sir / Madam, We would like to inform you that 07th meeting of Committee of Creditors of Sterling Biotech Limited was held on Tuesday, 06th November 2018 at 11.00 A.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…
This is to inform you that pursuant to the provisions of Regulations 17, 19 and 20 of the IBBI(Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the second meeting of Committee of Creditors (“CoC”) of the corporate debtor is scheduled to be held on Saturday, 3rd November, 2018 at 11 A.M. at Hold K.C. Residency,…
Riga, Latvia, 2018-11-06 09:07 CET (GLOBE NEWSWIRE) — On 5 November 2018, a scheduled general meeting of shareholders of ABLV Bank, AS in liquidation took place, where the consolidated and separate financial report of the company for 2017 was approved. In 2017, the banks operating income totalled EUR 101.4 million, while the profit amounted to…