(Corrects to remove item on GlaxoSmithKline Consumer Healthcare post-earnings analyst conference call as the event is slated for Nov 8) To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39,000, to the three island-based businesses which provided materials and services to the airport upgrade project material crushing contractor, NBS (Excavations) Pty Ltd. The company placed themselves into voluntary liquidation on February 13, and the monies had been outstanding since that time. The three…
Ramit Chitkara Its been more than a year since the all-new corporate insolvency framework of the country (hereinafter referred to as the IBC) got notified followed by regulations over tranches. IBC is one of the biggest reforms by the government just after the GST, wherein it offers early identification of corporate distress with time-bound resolution…
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member Rohit Kumar Singh, State Bank of India CFO Anshula Kant, Bank of India MD Dinabandhu Mohapatra, Punjab National Bank MD…
The Delhi bench of the National Company Law Tribunal admitted an insolvency petition against a company for its failure to pay an employees dues on time in one of the first such cases under the new law. Nitin Gupta, a manager of the company, filed a plea under the Insolvency and Bankruptcy Code as an…
Henry Davis York (HDY) has promoted six senior lawyers to partner in Sydney. The firms six new partners are Vittorio Casamento, Alice Chen, Felicity Healy, James Higby, Stephen Iu, and Anneliese Korber. The appointments come ahead of HDYs merger going live, which has been confirmed for later this year, and amid raids on its partner…
MUMBAI: Come December, banks will have to grapple with the ethical and financial dilemma of dealing with failed promoters who try to claw back control in troubled companies where they no longer call the shots by trying to outbid others in the race. Promoter shareholders who use shell companies or tie up with offshore funds…
KOLKATA: The National Company Law Tribunal (NCLT) has ordered corporate insolvency resolution process against Assam Company India for defaulting Rs 596 crore in payments to Srei Infrastructure. The company, into multifaceted activities ranging from tea plantation to oil and gas exploration, had guaranteed a Rs 100-crore loan taken by Gujarat Hydrocarbon & Power SEZ in…