Year 2016 marked the inception of The Insolvency and Bankruptcy Code, 2016 (Code) of India. The Regulation coming into existence with an aim to revitalise and resolve the sick companies and bring it back to a better financial condition, has gained a lot of recognition in the present market condition. Among other features, one of…
CLIVE Palmers fortune is set to suffer a blow after a judge ordered his flagship company to pay a $US17.6m debt to a Singaporean exploration business. Mr Palmers company Mineralogy wanted the Supreme Court to declare it did not have to pay BGP Geoexplorer any money over a debt owed to it by another of…
In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has…
In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has…
FRANKSTONs return to the VFL competition has gathered steam with the club appointing Adam Skrobalak as its senior coach for 2018. Foxfooty.com.au understands the Dolphins will officially unveil Skrobalak as early as Monday afternoon. Skrobalak will combine his full-time role as St Kilda Football Clubs ruck coach with his Frankston responsibilities. This unique mix will…
FINANCE A New England-based retailer that has the distinction of being the first curtain catalog company is closing up shop. Shareholders of The Fitzpatrick Companies, whose subsidiaries include Country Curtains, voted Wednesday to liquidate the 61-year-old business. Country Curtains will begin liquidating operations immediately, and a going-out-of-business sale will be launched in its 19 retail…
The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties. The Chennai bench of the National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process against VA Tech Wabag, one of the…
Appleton Coated courtesy: WLUK × Fox Valley paper mill sold to liquidation company Appleton Coated courtesy: WLUK COMBINED LOCKS, Wis. An Outagamie County judge has approved the sale of a Fox Valley paper mill that employed hundreds of people to a liquidation company. Judge Gregory Gill approved Industrial Assets $21.5 million purchase of Appleton Coated on…
(Updates with liquidation deadline, context throughout) By Nichola Saminather TORONTO, Oct 4 (Reuters) – Sears Canada on Wednesday won court approval to extend credit protection by a month to Nov. 7, but its creditors set a deadline of this week to liquidate the retailers’ assets, leaving the company with mere days to decide its fate.…
… Read the full article at: http://www.startribune.com/fox-valley-paper-mill-sold-to-liquidator/449746203/