Winemaking Tasmania bought out two months after entering administration, will be rebranded Tasmanian Vintners – The Weekly Times

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A TASMANIAN businessman and a national winemaker have saved one of the states premier wine and cider producers, which had entered voluntary administration. Winemaking Tasmania will be renamed Tasmanian Vintners after being jointly taken over by Western Australias largest winemaker, the Fogarty Wine Group, and a family company run by former Webster Limited managing director…

Justice Sudhansu Jyoti Mukhopadhaya: The man presiding over most of corporate insolvency cases – Economic Times

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One man presides over most, if not all, of the corporate insolvency resolution cases in the country ever since the Insolvency and Bankruptcy Code came into force in 2016. Justice Sudhansu Jyoti Mukhopadhaya, a 69-year-old retired Supreme Court judge, has headed the National Company Law Appellate Tribunal since its inception in June 2016 and all…

Jsw Steel Ltd. – Corporate Insolvency Resolution Process (CIRP)-Public Announcement – The Hindu BusinessLine

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Our wholly owned subsidiary, JSW Steel Coated Products Limited (JSWSCPL) had submitted a resolution plan for Asian Colour Coated Ispat Limited (ACCIL), a company undergoing insolvency resolution process under the Insolvency and Bankruptcy Code, 2016 (Code). The Committee of Creditors of ACCIL has issued a Letter of Intent (LOI) dated 6th July, 2019 to JSWSCPL…

Bafna Pharmaceuticals Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

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Sub.:- Update on National Company Law Appellate Tribunal (NCLAT), New Delhi Order We would like to inform you that appeal filed by Saravana Global Holdings Limited against the Order dated 1st February, 2019 passed by the Adjudicating Authority (National Company Law Tribunal), Single Bench, Chennai in MA/71/2019 in CP/682/IB/CB/2017 with National Company Law Appellate Tribunal…

ArcelorMittal bid for Essar Steel okayed – The Hindu

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The National Company Law Appellate Tribunal on Thursday approved steel tycoon Lakshmi Mittal-led ArcelorMittals 42,000-crore bid for the acquisition of bankrupt Essar Steel. Resolution plan tweaked The tribunal, however, modified the Resolution Plan submitted by ArcelorMittal to safeguard the rights of the operational creditors and other financial creditors of Essar Steel. It said the proceeds…

University book store chain Bennetts placed into voluntary administration – New Zealand Herald

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Bennetts Bookstores Ltd, which operates a chain of retail stores around the country, has been placed into voluntary administration after 130 years in business. The company operates Bennetts book shops on university campus throughout the country including in Auckland, Canterbury, Palmerston North, Waikato and Wellington, which specialise in tertiary textbooks. Bryan Williams of BWA Insolvency…

Company director crackdown: New laws tighten rules for business owners – SmartCompany.com.au

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The government has moved to tighten the rules around director resignations in a bid to crack down on backdating and company abandonment. With the wheels of the legislature moving again this week, the returned Coalition government yesterday introduced half a dozen reforms into parliament aimed at tackling the black economy. Under reforms tabled in the…