Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Notice along with Agenda for the 10th Meeting of the 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: Thursday 30th…

Punj Lloyd Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Liquidation

Pursuant to Reg. 30(2) read with sub- cl. 16(f) of Cl. A of Part A of Sch. III of the SEBI (LODR) Regulations, 2015 and in continuation to our earlier disclosure on 16.05.2019 reg. outcome of the 3rd meeting of the Committee of Creditors (COC), whereby COC had resolved to replace the Interim Resolution Professional(IRP)…

NCLT dismisses ICICI Bank insolvency plea against Hyderabad Ring Road Projects – Business Today

Liquidation

The National Company Law Tribunal (NCLT) has dismissed an insolvency plea filed by ICICI Bank against Hyderabad Ring Road Projects, observing that there was “duplicacy of the claims” of the private lender. A two-member bench headed by President Justice M M Kumar said ICICI Bank has already raised the similar claims against its corporate guarantor…

Five Reasons IBC Is Less Effective Than It Could Be – BloombergQuint

Liquidation

Three years ago, the government passed a consolidated framework for insolvency and bankruptcy. The objectives of the code were clearresolution of corporate entities, partnership firms and individuals in a time-bound manner for: Maximisation of value of assets. Promoting entrepreneurship, availability of credit. Balancing the interests of all stakeholders. But 30 months and 1,858 cases later,…

The British Steel scandal will be repeated if private equity continues unchecked – The Guardian

Liquidation

The collapse of British Steel Limited, with the potential loss of at least 5,000 jobs, has once again exposed deep fault lines in the governments laissez-faire economic ideology and in Britains shareholder-centric model of corporate governance. The government clings to its do-nothing approach, justifying its rejection of financial support, a bailout or public ownership of…

British Steel Enters Liquidation, Citing Hit From Brexit Uncertainty – Wall Street Journal

Liquidation

The U.K. High Court on Wednesday placed British Steel Ltd. into compulsory liquidation after the steel maker failed to obtain last-minute rescue funds from the government. The company, which employs more than 5,000 people, will continue operating while the governments Official Receiverthe liquidatorexplores options for the business, including a potential sale, according to a spokesman…