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Category Archives: Liquidation

FRDI bill: Why India needs a new legal framework to prevent bank failures – Economic Times

LiquidationBy Insolvency GuardianDecember 20, 2017

Safety of bank deposits has vaulted into the centre-stage of public discourse for the first time since the minirun on savings at ICICI Bank in 2008. Selective reading or more fittingly, misreading of the Financial Resolution and Deposit Insurance (FRDI) Bill has led the general public to interpret the proposed legislation as draconian – one…

Roka Bioscience (ROKA) Announces Voluntary Delisting from Nasdaq – StreetInsider.com

LiquidationBy Insolvency GuardianDecember 19, 2017

News and research before you hear about it on CNBC and others. Claim your 2-week free trial to StreetInsider Premium here. Sorrento Tech, Inc. (Nasdaq: ROKA) today announced that it has notified the NASDAQ Stock Market (“NASDAQ”) of its intent to delist its common stock (the “Stock”) from the NASDAQ Global Market. The Company filed…

New York REIT, Inc. Closes On Previously Announced Sale Of Its 1440 Broadway Property – GuruFocus.com

LiquidationBy Insolvency GuardianDecember 19, 2017

NEW YORK, Dec. 19, 2017 /PRNewswire/ — New York REIT, Inc. (NYSE: NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced that it has closed on the previously announced sale of its property located at 1440 Broadway in New York, New York for a total of…

Objective of insolvency law: Resolution over liquidation? – Business Today

LiquidationBy Insolvency GuardianDecember 19, 2017

The Insolvency and Bankruptcy Code, 2016, in its brief history has created quite a shake-up in the corporate sector. No doubt that the enactment of the Code has been well intentioned. Due to the growing menace of loan defaults, it had long been felt to have some sort of disciplined insolvency and bankruptcy legislation to…

Gujarat HC issues notice in (yet another) challenge to – Bar & Bench

LiquidationBy Insolvency GuardianDecember 19, 2017

The Gujarat High Court has issued a show cause notice to the Central government in a challenge to the Insolvency and Bankruptcy Code (IBC), 2016. A Division Bench of Chief Justice R Subhash Reddy and Justice Vipul M Pancholi issued notice returnable on January 22, 2018, in a petition filed by Accord Industries Ltd, Ahmedabad,…

UK doctor withdraws Qld job application – SBS

LiquidationBy Insolvency GuardianDecember 19, 2017

A British psychiatrist has withdrawn his application for a crucial mental health role at Cairns Hospital, Queensland’s health minister has confirmed. News Corp Australia reported that Richard Wayne Seamark was in the running for the $400,000 role of clinical director of mental health, despite his work history revealing he was banned as a company director…

Italian hat maker Borsalino faces liquidation after court decision – euronews

LiquidationBy Insolvency GuardianDecember 18, 2017

By Giulia Segreti MILAN (Reuters) One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was…

Italian hat maker Borsalino faces liquidation after court decision – Reuters

LiquidationBy Insolvency GuardianDecember 18, 2017

MILAN (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was founded 160…

Italian hat maker Borsalino faces liquidation after court decision – Reuters

LiquidationBy Insolvency GuardianDecember 18, 2017

MILAN, Dec 18 (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was…

Sears Canada demise named Canadian Press business story of 2017 – CBC.ca

LiquidationBy Insolvency GuardianDecember 18, 2017

A smattering of retail chains closed their doors in another tough year for the industry in 2017, but the demise of Sears Canada seemed to resonate most with Canadians, many of whom grew up devouring its annual holiday wish book and shopping at the department store. The high-profile closure and ensuing controversies helped make Sears…

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…2,2612,2622,2632,2642,265…
2,2662,2672,2682,2692,2702,2712,2722,2732,2742,2752,2762,2772,2782,2792,2802,2812,2822,2832,2842,2852,2862,2872,2882,2892,2902,2912,2922,2932,2942,2952,2962,2972,2982,2992,3002,3012,3022,3032,3042,3052,3062,3072,3082,3092,3102,3112,3122,3132,3142,3152,3162,3172,3182,3192,3202,3212,3222,3232,3242,3252,3262,3272,3282,3292,3302,3312,3322,3332,3342,3352,3362,3372,3382,3392,3402,3412,3422,3432,3442,3452,3462,3472,3482,3492,3502,3512,3522,3532,3542,3552,3562,3572,3582,3592,3602,3612,3622,3632,3642,3652,3662,3672,3682,3692,3702,3712,3722,3732,3742,3752,3762,3772,3782,3792,3802,3812,3822,3832,3842,3852,3862,3872,3882,3892,3902,3912,3922,3932,3942,3952,3962,3972,3982,3992,4002,4012,4022,4032,4042,4052,4062,4072,4082,4092,4102,4112,4122,4132,4142,4152,4162,4172,4182,4192,4202,4212,4222,4232,4242,4252,4262,4272,4282,4292,4302,4312,4322,4332,4342,4352,4362,4372,4382,4392,4402,4412,4422,4432,4442,4452,4462,4472,4482,4492,4502,4512,4522,4532,4542,4552,4562,4572,4582,4592,4602,4612,4622,4632,4642,4652,4662,4672,4682,4692,4702,4712,4722,4732,4742,4752,4762,4772,4782,4792,4802,4812,4822,4832,4842,4852,4862,4872,4882,4892,4902,4912,4922,4932,4942,4952,4962,4972,4982,4992,5002,5012,5022,5032,5042,5052,5062,5072,5082,5092,5102,5112,5122,5132,5142,5152,5162,5172,5182,5192,5202,5212,5222,5232,5242,5252,5262,5272,5282,5292,5302,5312,5322,5332,5342,5352,5362,5372,5382,5392,5402,5412,5422,5432,5442,5452,5462,5472,5482,5492,5502,5512,5522,5532,5542,5552,5562,5572,5582,5592,5602,5612,5622,5632,5642,5652,5662,5672,5682,5692,5702,5712,5722,5732,5742,5752,5762,5772,5782,5792,5802,5812,5822,5832,5842,5852,5862,5872,5882,5892,5902,5912,5922,5932,5942,5952,5962,5972,5982,5992,6002,6012,6022,6032,6042,6052,6062,6072,6082,6092,6102,6112,6122,6132,6142,6152,6162,6172,6182,6192,6202,6212,6222,6232,6242,6252,6262,6272,6282,6292,6302,6312,6322,6332,6342,6352,6362,6372,6382,6392,6402,6412,6422,6432,6442,6452,6462,6472,6482,6492,6502,6512,6522,6532,6542,6552,6562,6572,6582,6592,6602,6612,6622,6632,6642,6652,6662,6672,6682,6692,6702,6712,6722,6732,6742,6752,6762,6772,6782,6792,6802,6812,6822,6832,6842,6852,6862,6872,6882,6892,6902,6912,6922,6932,6942,6952,6962,6972,6982,6992,7002,7012,7022,7032,7042,7052,7062,7072,7082,7092,7102,7112,7122,7132,7142,7152,7162,7172,7182,7192,7202,7212,7222,7232,7242,7252,7262,7272,7282,7292,7302,7312,7322,7332,7342,7352,7362,7372,7382,7392,7402,7412,7422,7432,7442,7452,7462,7472,7482,7492,7502,7512,7522,7532,7542,7552,7562,7572,7582,7592,7602,7612,7622,7632,7642,7652,7662,7672,7682,7692,7702,7712,7722,7732,7742,7752,7762,7772,7782,7792,7802,7812,7822,7832,7842,7852,7862,7872,7882,7892,7902,7912,7922,7932,7942,7952,7962,7972,7982,7992,8002,8012,8022,8032,8042,8052,8062,8072,8082,8092,8102,8112,8122,8132,8142,8152,8162,8172,8182,8192,8202,8212,8222,8232,8242,8252,8262,8272,8282,8292,8302,8312,8322,8332,8342,8352,8362,8372,8382,8392,8402,8412,8422,8432,8442,8452,8462,8472,8482,8492,8502,8512,8522,8532,8542,8552,8562,8572,8582,8592,8602,8612,8622,8632,8642,8652,8662,8672,8682,8692,8702,8712,8722,8732,8742,8752,8762,8772,8782,8792,8802,8812,8822,8832,8842,8852,8862,8872,8882,8892,8902,8912,8922,8932,8942,8952,8962,8972,8982,8992,9002,9012,9022,9032,9042,9052,9062,9072,9082,9092,9102,9112,9122,9132,9142,9152,9162,9172,9182,9192,9202,9212,9222,9232,9242,9252,9262,9272,9282,9292,9302,9312,9322,9332,9342,9352,9362,9372,9382,9392,9402,9412,9422,9432,9442,9452,9462,9472,9482,9492,9502,9512,9522,9532,9542,9552,9562,9572,9582,9592,9602,9612,9622,9632,9642,9652,9662,9672,9682,9692,9702,9712,9722,9732,9742,9752,9762,9772,9782,9792,9802,9812,9822,9832,9842,9852,9862,9872,9882,9892,9902,9912,9922,9932,9942,9952,9962,9972,9982,9993,0003,0013,0023,0033,0043,0053,0063,0073,0083,0093,0103,0113,0123,0133,0143,0153,0163,0173,0183,0193,0203,0213,0223,0233,0243,0253,0263,0273,0283,0293,0303,0313,0323,0333,0343,0353,0363,0373,0383,0393,0403,0413,0423,0433,0443,0453,0463,0473,0483,0493,0503,0513,0523,0533,0543,0553,0563,0573,0583,0593,0603,0613,0623,0633,0643,0653,0663,0673,0683,0693,0703,0713,0723,0733,0743,0753,0763,0773,0783,0793,0803,0813,0823,0833,0843,0853,0863,0873,0883,0893,0903,0913,0923,0933,0943,0953,0963,0973,0983,0993,1003,1013,1023,1033,1043,1053,1063,1073,1083,1093,1103,1113,1123,1133,1143,1153,1163,1173,1183,1193,1203,1213,1223,1233,1243,1253,1263,1273,1283,1293,1303,1313,1323,1333,1343,1353,1363,1373,1383,1393,1403,1413,1423,1433,1443,1453,1463,1473,1483,1493,1503,1513,1523,1533,1543,1553,1563,1573,1583,1593,1603,1613,1623,1633,1643,1653,1663,1673,1683,1693,1703,1713,1723,1733,1743,1753,1763,1773,1783,1793,1803,1813,1823,1833,1843,1853,1863,1873,1883,1893,1903,1913,1923,1933,1943,1953,1963,1973,1983,1993,2003,2013,2023,2033,2043,2053,2063,2073,2083,2093,2103,2113,2123,2133,2143,2153,2163,2173,2183,2193,2203,2213,2223,2233,2243,2253,2263,2273,2283,2293,2303,2313,2323,2333,2343,2353,2363,2373,2383,2393,2403,2413,2423,2433,2443,2453,2463,2473,2483,2493,2503,2513,2523,2533,2543,2553,2563,2573,2583,2593,2603,2613,2623,2633,2643,2653,2663,2673,2683,2693,2703,2713,2723,2733,2743,2753,2763,2773,2783,2793,2803,2813,2823,2833,2843,2853,2863,2873,2883,2893,2903,2913,2923,2933,2943,2953,2963,2973,2983,2993,3003,3013,3023,3033,3043,3053,3063,3073,3083,3093,3103,3113,3123,3133,3143,3153,3163,3173,3183,3193,3203,3213,3223,3233,3243,3253,3263,3273,3283,3293,3303,3313,3323,3333,3343,3353,3363,3373,3383,3393,3403,3413,3423,3433,3443,3453,3463,3473,3483,3493,3503,3513,3523,3533,3543,3553,3563,3573,3583,3593,3603,3613,3623,3633,3643,3653,3663,3673,3683,3693,3703,3713,3723,3733,3743,3753,3763,3773,3783,3793,3803,3813,3823,3833,3843,3853,3863,3873,3883,3893,3903,3913,3923,3933,3943,3953,3963,3973,3983,3993,4003,4013,4023,4033,4043,4053,4063,4073,4083,4093,4103,4113,4123,4133,4143,4153,4163,4173,4183,4193,4203,4213,4223,4233,4243,4253,4263,4273,4283,4293,4303,4313,4323,4333,4343,4353,4363,4373,4383,4393,4403,4413,4423,4433,4443,445
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