In a notification to the Bombay Stock Exchange, Binani Industries Limited (BIL) has said that it has filed an application under Section 60(5) of the Insolvency and Bankruptcy Code 2016 read with Rule 11 of the National Company Law Tribunal Rules, 2016 seeking permission to fully participate in the Insolvency Resolution Process of the Corporate…
David Fensome appeared at Telford Magistrates Court to oppose the application for a council tax liability order by Shropshire Council. Mr Fensome claimed the council owed his former company, Telford-based Tailored Care Limited, £190,444.69 before it went into liquidation earlier this year. Tailored Care Limited was based at Coalport House in Stafford Park Ms Sue…
The petition is likely to come up for hearing at the National Company Law Tribunal on Feb 20. A petition has been filed before the NCLT, Chennai bench, by a Resolution Professional (petitioner) over his arbitrary removal by bankers for trying to conduct an audit of a corporate debtor (CD) to whom Rs 400 crores…
Employees of enormously popular Brisbane doughnut chain Doughnut Time are taking the company to Fair Work over unpaid wages. As many as 35 workers across the companys 15 Australian stores allege theyre owed more than $70,000 in pay, the Courier Mail reports. Its the latest in a series of blows for Doughnut Time owner Damian…
Calcutta: Strategies deployed by ArcelorMittal and Nu Metal & Steel to extricate themselves from the legalese of the dreaded Section 29A of the Insolvency & Bankruptcy Code, 2016, will determine the future of Essar Steel’s corporate resolution process that has rolled into a decisive phase. As consultancy Grant Thornton and solicitor firm Cyril Amarchand Mangaldas…
International audit and consulting group Mazars has launched a mobile app, branded Mazars Live!, designed to connect users with developments taking place within the Mazars network, while providing insights into topics shaping the contemporary business world. Commenting on the new app, Mazars Malta managing partner Anthony Attard said that since its launch Mazars Live! has…
A BYRON Shire born estate agency which specialised in luxury high end properties has collapsed, leaving at least 35 staff out of work. Unique Estates was founded by PR and marketing specialist Nicolette van Wijngaarden in 2008. Ms van Wijngaarden reportedly sent a personal email to staff on Wednesday saying that wages could not be…
The administrator of the collapsed auction house Mossgreen is refusing to return consigned goods to more than 1,000 collectors unless it is paid maintenance fees totalling more than $1.4 million. It comes after Mossgreen, renowned for selling artwork and rare collectables, went into voluntary administration in December. The latest development more than triples the number…
The administrator of the collapsed auction house Mossgreen is refusing to return consigned goods to more than 1,000 collectors unless it is paid maintenance fees totalling more than $3.5 million. It comes after Mossgreen, renowned for selling artwork and rare collectables, went into voluntary administration in December. The latest development more than triples the…
By Press Association Published: 00:23 AEDT, 17 February 2018 | Updated: 00:23 AEDT, 17 February 2018 e-mail A judge has ordered the winding up of 10 Carillion companies at the High Court. Mr Justice Nugee, sitting in London on Friday, heard directors of the crisis-hit construction firm concluded there was no alternative but to place…