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…
To,The General Manager,Department of Corporate Services,BSE Limited,P.J. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 13th CoC Meeting of M/s Southern Online Bio Technologies Limited scheduled on 17th June,, 2019. With reference to the subject cited above, I would like to inform you that the following items were discussed in the 13th CoC meeting of Southern…
By Shekhar Aiyar, John Bluedorn, and Romain Duval Growth in the euro area rebounded earlier this year, but it remains fragile, while risks have increased. Now is a good time for euro area economies to strengthen their ability to weather any future economic difficulties. A new IMF staff paper looks at the resilience of euro…
The Dalgaranga operation. Image: Gascoyne Resources. Latest News Gascoyne Resources administrators have decided to continue operating the Dalgaranga gold mine in Western Australia during its administration process. The administrators aim to maximise the chances of Gascoyne continuing its existence, which is considered a better outcome than immediate liquidation for creditors. Gascoyne administrators, who are senior…
As many as 17 developers have been brought under the corporate insolvency resolution process before the National Company Law Tribunal (NCLT), Chennai. Liquidation orders have been passed against three builders, Antony Projects P. Ltd, LCS City Makers P. Ltd and RRP Housing P. Ltd, said NCLT Chennai in response to an RTI query. The responses…
This is in continuation of our earlier intimation dated 07th June, 2019, the Resolution Professional of the Company has submitted the resolution plan of Kals Distilleries Pvt. Ltd, as approved by the committee of creditors under sub-section (4) of section 30, with Honble National Company Law Tribunal, Jaipur Bench for approval under section 31 (1)of…
Notice for the 13th Meeting of Committee of Creditors of Southern Online Bio Technologies Limited (under Corporate Insolvency Resolution Process) under the provisions of The Insolvency and bankruptcy Code, 2016 read with Insolvency and bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations 2016.Day & Date: Monday, 17th June, 2019Time: 4.00 P.MVenue: Bank…
Mandatory retirement savings in Australia are worth $2.7 trillion and growing. Equity markets are arguably looking fully priced, particularly as the rhetoric of a trade war between the US and China ramps up again. To top it off, bank deposits and bond yields are offering circa 2% yields at best. Finding investment opportunities that are…
With reference to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it may please be noted that as per the instructions of Sri Parag Sheth, Interim Resolution Professional, the first meeting of the Committee of Creditors was held on Friday, May 24, 2019.Thereafter, E-Voting was conducted from June 3, 2019 (11.00…
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we wish to inform you that the Court 2 of the Chennai Bench of the National Company Law Tribunal (NCLT) has, Vide its order dated June 07,2019 admitted the Petition/Application No.1BA 243/2019 filed by State Bank of India under Section 7 read…