Category Archives: Liquidation

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

Notice along with Agenda and Notes to Agenda for the 8th 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…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 13th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on April 9, 2019 to discuss the…

SRS LTD. – Corporate Insolvency Resolution Process (CIRP)-List of Creditors – The Hindu BusinessLine

Disclosure of List of Creditors of SRS Limited displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 pursuant to Regulation 30 read with Clause 16(e) of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2018 Pdf Link: SRS LTD. – Corporate Insolvency…

Bulding company MR8 Construction in liquidation – New Zealand Herald

Another Auckland construction business has gone into liquidation, sparking a dispute over work in Ponsonby, but an ex-director of the builder says no money is owed. Companies Office records show BHSSR, previously called MR8 Construction, went into voluntary liquidation today, in the hands of Waterstone Insolvency. “Established with 25 years of industry experience, MR8 Construction…

Creditors recover nearly half of total claims of Rs 1.42 trn, shows data – Business Standard

Of the total admitted claims of Rs 1.42 trillion in the 88 companies that have undergone successful Corporate Insolvency Resolution Process (CIRP), about Rs 68,766 crore has been realised by the claimants, including operational and financial creditors, an affidavit by the Insolvency and Bankruptcy Board of India (IBBI) shows. The said…

Liquidation application filed in court for multi-million dollar project – FBC News

A winding up application for Nawi Island Limited has been filed in the Suva High Court. Filed by PricewaterhouseCoopers, the application for winding up was made on March 4th. The case will be heard in the Suva High Court on May 1st. Article continues after advertisement The winding up of a company (also known as…

The IBC conundrum – BusinessLine

Two years after the much-touted Insolvency and Bankruptcy Code 2016 (IBC) was implemented, slow progress of cases is becoming a cause for concern. High profile, large accounts such as that of Essar Steel, which has been undergoing resolution for over 600 days, bring to the fore the grave issue of excessive delays in the process.…

Builder Mega Homes faces attempt to wind up the company – Domain News

Potential new home owners have been left out of pocket or facing delays as home builder Mega Homes faces a push to wind up the company. Creditors in the building industry are claiming to be owed sums as high as $480,000 each by the builder, Victorian Supreme Court filings show. It follows the liquidation two…

NCLT stays order to withdraw Sterling SEZs insolvency resolution process – Economic Times

The dedicated bankruptcy court has stayed its earlier order to allow the withdrawal of corporate insolvency process of Sterling SEZ & Infrastructure, a firm owned by brothers Nitin and Chetan Sandesara, believed to be abroad and running away from Indian law. The Mumbai-bench of the National Company Law Tribunal (NCLT) on Friday stayed its earlier…

Petron Engineering Construction Ltd. – Corporate Insolvency Resolution Process (CIRP)-Liquidation – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

As you are aware the Company is under Corporate Insolvency Resolution Process as per Order dated 23rd March, 2018 issued by the Honble National Company Law Tribunal (NCLT), Mumbai Bench. The NCLT has vide its Order dated 6th August, 2018 appointed Mr. Udayraj Patwardhan (Reg. No. IBBI/IPA-001/IP-P00024/2016-2017/10057) as the Resolution Professional of our Company. The…