Dear Sir / Madam, We would like to inform you that meeting of the 07th Committee of Creditors of Sterling Biotech Limited is scheduled to be 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…
sub: Outcome of 1st CoC Meeting of M/s. Southern Online Bio Technologies Limited on 2nd November, 2018 We of herewith attaching the outcome through attachment of pdf file as per the subject. For Southern Online Bio Technologies Ltd., (Kapana G)Interim Resolution ProfessionalIBBI Registration No.: IBBI/IPA-001/IP-POO756/2017-2018/11288 cc To 1) All the Directors of the suspended Board2)…
KOLKATA: The bankruptcy court has given the resolution professional overlooking asset monetisation of debt-laden Aircel more time – till January 15 -to complete the corporate insolvency resolution process (CIRP), failing which the telco may go under liquidation. “as informed by the Ld. Resolution Professional, I am of the view that a period of 90 days…
Marketing startup Unlockd has dropped its legal case against Google as the company faces winding-up moves from its liquidator. The company, which pushed advertising on users phones in return for rewards, went into administration in June after Google moved to block the service from its Android operating system, triggering a legal dispute over what founder…
Chennai, Oct 31 (PTI) The Madras High Court on Wednesday issued a notice to the Insolvency and Bankruptcy Board of India (IDBI) on a petition which sought to restrain it from proceeding with insolvency applications of corporate bank loan defaulters.Justice R Mahadevan also impleaded the Reserve Bank of India as a respondent. The court observed…
TWO linked Warrington companies that claimed to be able to recover funds for people who had lost money in alternative investments have been ordered into liquidation by the High Court.Asset Recovery Associates Limited (ARA) was incorporated as a private company in July 2011. The linked company, Asset Recovery Resources (ARR) Limited was incorporated as a…
Dear Sir / Madam, We would like to inform you that 17th meeting of Committee of Creditors of ABG Shipyard Limited was held on Tuesday, 30th October 2018 at 02.00 P.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…
The insolvency law committee (ILC) that recently came out with recommendations on cross border insolvency essentially based on the UNCITRAL Model Law has proposed a presumption of default trigger to start insolvency proceedings in India. This, if the insolvency proceedings in the corporate debtors COMI (centre of main interest) has been recognised in India. Under…
Dear Sir / Madam, We would like to inform you that 6th meeting of Committee of Creditors of Sterling Biotech Limited was held on Monday, 29th October 2018 at 12.00 noon 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…
The way Nirav Modis entities have filed for bankruptcy in the US, ominously reveals the ingenious ways in which Indian companies through their multi-layered structures, move cash and other assets to other jurisdictions. Some of the US court filings have clearly suggested that assets of Modis entities in the US may have been obtained by…