The case involving Network Ten’s administrators will return to court today. Federal Court proceedings for the ailing Channel Ten, which went into voluntary administration in June, are expected to continue on Friday. Justice David O’Callaghan will deliver a judgment following a hearing in Melbourne in July in which administrator KordaMentha was granted a 120-day extension…
The directors of the now defunct Glasgow-based George Hunter (Demolishers) Limited have been disqualified for allowing the company to continue to incur liabilities despite knowing a petition to wind the company up was before the court. George Beattie (senior) signed a seven year disqualification undertaking on the 12 April 2017; Michelle Beattie signed a three years and six month disqualification…
According to the World Bank Report of Doing Business, the insolvency resolution process in India is complex, time consuming and expensive due to presence of multiple laws. It takes an average of 4.3 years to resolve bankruptcy, which is extremely high as compared to countries like Japan, Singapore and Finland[1]. India is ranked at 136…
Directors George Beattie Snr and George Beattie Jnr were both disqualified from acting as company directors for seven years by order of the Glasgow Sheriffs Court, while Michelle Beattie was disqualified for three-and-a-half years following an investigation from the Insolvency Service. Glasgow-based George Hunter (Demolishers) went into liquidation on 20 April 2015 owing £1,755,782 to…
Tapit Media Nearly two years after launching in Australia mobile CX company Geronimo, led by Amobee’s former MD Matt Hunt, has acquired Tapit Media; a global tech platform enabling Near Field Communications (NFC) for marketing. Hunt says NFC technology is a major growth area in mobile marketing and the deal brings proprietary technology, data and…
NEW YORK, Aug. 09, 2017 (GLOBE NEWSWIRE) — New York REIT, Inc. (NYSE:NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today its financial results for the second quarter ended June 30, 2017. Financial Results Liquidation Basis of Accounting As a result of NYRTs shareholder approval…
Hyderabad: In a setback for city-based infra player Lanco Infratech, that has been saddled with a humungous debt of around Rs 43,000 crore, the National Company Law Tribunal (NCLT) has given its nod for initiating insolvency and bankruptcy proceedings against the company. Lanco Infratech on Wednesday informed the bourses that the NCLT, Hyderabad Bench, vide…
AdvertisementThe U.S. Bankruptcy Court issued an order converting Westech Capitals Chapter 11 reorganization to a liquidation under Chapter 7. The order states, The Court finds that it is in the best interests of the estate and creditors for this case to be converted to one under chapter 7 and that no party in interest objected.…
Golf course produces less of a loss | Poll exit IT WASNT a profit, but it was less of a loss. Leeton Shire Council has released its 2016-17 financial year figures for the towns golf course. While the facility still isnt close to turning a profit, in fact not many in the state do, the…
Telstra partner, Interactive Telecoms, has gone into voluntary administration after the company was hit by financial difficulties arising from ongoing changes in the way Telstra structures its commissions for licensed retailers. According to the companys former business development manager, Andrew Wulff, the changes to the commission structure – which sees the telco remunerate licensed retailers…