Jammu & Kashmir Bank had claimed a default of Rs 50 crore against Himalayan Mineral Waters, engaged in the business of manufacturing of beverages, being the corporate guarantor for the credit facilities availed by the Leel Electricals. LeeL Electricals had in May 2017 sold its consumer durable business to Havells India for a consideration of…
NEW DELHI: The National Company Law Tribunal (NCLT) has directed initiating insolvency proceedings against Himalayan Mineral Waters, allowing Jammu & Kashmir Bank’s plea for default of a corporate guarantee given for LeeL Electricals. The Allahabad bench of NCLT has also appointed Bhoopesh Gupta as the interim resolution professional (IRP) for this Dehradun-based firm’s Corporate Insolvency…
May 23, 2024 6.02pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Luxury Australian fashion brand and favourite to the stars, Dion Lee, entered voluntary administration on Thursday. Antony Resnick of insolvency firm dVT Group has been appointed administrator to the…
A national medical script provider has collapsed less than three weeks after it was hacked. On Tuesday, digital prescription company MediSecure Limited went into administration while a subsidiary of the business, Operations MDS Pty Ltd, went into liquidation. Vaughan Strawbridge and Paul Harlond of restructuring firm FTI Consulting have been announced as the joint administrators…
By Hannah Wilcox For Daily Mail Australia Published: 11:28 AEST, 8 June 2024 | Updated: 11:28 AEST, 8 June 2024 Hundreds of unhappy customers have been left without both their money and their orders after a national furniture chain announced it had gone in… Read the full article at: https://www.dailymail.co.uk/news/article-13507727/Johnnys-furniture-administration-queensland-nsw-victoria.html
Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting. Jones and his media company,…
After a weekend in which conspiracy theorist Alex Jones warned that his media company faced an imminent shutdown by the federal government because of his bankruptcy cases, a judge on Monday allowed Jones to keep operating for the next two weeks while it is decided whether his assets should be liquidated. Both Jones and his…
May 27, 2024 9.54am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? The Supreme Court of Victoria has ordered the liquidation of Bardee, a deep tech start-up backed by Australias largest venture capital fund, Blackbird Ventures. A Melbourne storage company, backed…
Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting. Jones and his media company,…
Jun 7, 2024 4.54pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Ex-Myer chief executive Bernie Brookes retail business Marquee Retail Group, which owns accessory brands Colette and The Daily Edited, has dipped in and out of voluntary administration, emerging a…