In Compliance of Para 16(g) of part A of Schedule III and Regulations 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 (LODR), the Third meeting of Committee of Creditors (“CoC”) of Excel Glasses Limited was held on Friday, the 21st June,2019 at 3.00 pm BKC Centre, 31-E Laxmi Industrial Estate, New Link Road,…
Mills Oakley has deepened its litigation expertise with the recruitment of a high-profile litigator in Brisbane. Ashley Tiplady has joined the top firm as a partner based in Brisbane, making the move from boutique firm Russells. He also spent a majority of his career at MinterEllison. Tiplady is experienced in large bet-the-farm commercial litigation, defamation,…
Piper Alderman has promoted 27 lawyers to senior positions, including four partners and a special counsel. The four new partners are all based in the firms Sydney office. They include two female lawyers and increase the firms partnership to 75 a fourth of whom are female. The firms new partners are Daniel Fitzpatrick, Angelina Kozary,…
The rights of UK shareholders are being eroded by the rise of do-it-yourself investment companies, according to a review by the Law Commission into reforms aimed at boosting corporate governance and transparency. A little-known quirk surrounding the way customers buy shares and investments means that almost no UK investors legally own the shares they buy,…
Dhananjay Kumar and Hamraj Singh suggest ways to speed up insolvency resolution The Insolvency and Bankruptcy Code, 2016 (IBC) emphasizes the importance of time-bound reorganization and resolution for distressed entities and it is touted as one of its defining features. The Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016…
The NCLAT Thursday set aside orders of the NCLT Kolkata-bench, and directed it to hear the insolvency plea against Duncans Industries afresh filed by A J Agrochem, an operational creditor of the tea firm. Allowing the petition of Agrochem, a two-member NCLAT bench headed by Chairman Justice S J Mukhopadhaya has directed the National…
Mumbai: Credit rating agency Icra estimates that haircuts for operational are not materially different than the haircuts taken by the financial creditors for cases under the Insolvency and Bankruptcy Code (IBC). This analysis is based on the data for 92 corporate insolvency resolution plans (CIRPs) that have yielded a resolution plan up to 31 March,…
Furious holidaymakers are calling on regulators to investigate after their Melbourne travel agent shuttered its shop earlier this month and stopped returning phone calls. Bentleigh East based One World Travel suddenly newspapered its windows some weeks ago and posted a notice claiming to have appointed administrators. Its website was taken down, listed contact numbers disconnected…
Subject:Intimation of the Fourth Meeting of 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 Exchange Board…
With the transformation and upgrading of industry in China, and progress in supply-side reforms, Chinese legislation concerning the scope of entities with liquidation obligations, and the liability bearable by parties with liquidation obligations, is showing a gradual trend towards broadening and severity, the hope being that this will drive the large number of zombie companies…