Investigations Remgro responds to allegations of contrived liquidation. Thelo Wakefield (left) and Paul Zacks (right). Picture: Moneyweb Western Province Rugby was rocked by news over the weekend that its erstwhile minority shareholder, Remgro, had declined to take up a shareholding in the unions new commercial arm following the successful liquidation of Western Province Rugby (Pty)…
NATIONAL transport and logistics specialists Centurion are helping to reshape the Central Queensland landscape. The township has become one of three locations, including Mackay and Brisbane, where the family-owned Western Australian company have expanded in recent months. The timely move follows the liquidation of unassociated transport company McAleese in August last year, and its reincarnate,…
ECONOMICS lecturer turned national hotel-chain boss Sid Knell plans to “re-birth an iconic Rockhampton location. The Bridge Motor Inn caught the Central Apartment Group CEO’s eye as he looked to expand his Central Queensland footprint. The Bolsover St business went into voluntary administration in March, but Mr Knell said its central location and refurbishment potential…
A Hong Kong businessman is suing the company founded by the citys late father of concerts for unreturned investment costs and profits totalling more than HK$3.65 million over concerts staged across Asia by popular artistes, according to a court writ. Tang Wai-yip claimed in a High Court writ filed by his lawyers on Friday that…
Aug 07, 2017 10:40 AM IST | Source: Moneycontrol.com Adhunik Metaliks has informed that pursuant to an Order dated August 3, 2017 of the National Company Law Tribunal, Kolkata Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Adhunik Metaliks Limited as per the provisions of the Insolvency and Bankruptcy Code, 2016. Adhunik Metaliks…
Amid reports the living conditions inside the Bachelor mansion are far from luxurious come fresh claims this year’s house is a “downgrade” from previous seasons. While there’s no denying the ladies and gents vying for the hearts of Matty J and Sophie Monk are living in a house ~slightly~ larger than your average home, the…
Written by Sunny Verma | New Delhi | Published:August 7, 2017 1:51 am he gross NPA of banks has risen to 9.6 per cent (of total advances) in March 2017, from 9.2 per cent in September 2016, as per the RBI data. Despite a series of steps to contain non-performing assets (NPAs), public sector banks…
Fallen Australian lipstick queen Poppy King’s rise from the ashes. Supplied by Channel 9/60 Minutes New York, new life: Lipstick queen Poppy King strolls in New York with Liz Hayes. Picture: Channel 9 AS her cosmetics empire and reputation crumbled around her, it wasnt one of her cult-followed matt lip colours Poppy King used to…
The recent order of the National Company Law Tribunal, Mumbai Bench, dated 31.07.2017 in TCP No.409/(MAH)/2017 in the matter titled as Magicrete Buildings Solutions Pvt Ltd vs Pratibha Industries Ltd, will lead banks and financial institutions into an extreme legal necessity which is almost impossible to perform. As per Section 9 of the Insolvency and…
After admitting the first resolution plan, the Hyderabad Bench of the NCLT has, in the same week, orally pronounced the first liquidation order under the Insolvency and Bankruptcy Code, 2016. VNR Infrastructures Ltd., the corporate debtor, had filed for initiation of insolvency resolution process in December 2016, under section 10 of the Code, after its…