Quadrant Televentures: CoC Approves Legal Counsel for CIRP

Quadrant Televentures Limited, currently under Corporate Insolvency Resolution Process (CIRP), has had its Committee of Creditors (CoC) approve the appointment of legal counsel. This appointment is to represent the Resolution Professional in an interlocutory application filed by DOT, along with the associated professional fees. The resolution received overwhelming approval from the CoC members. CoC Approves…

Boat-Company Wrecker Declares Personal Bankruptcy

Michael Reardon The guy who was the kiss of death for Catalina Yachts—now back in business—was a financial mess, according to his personal bankruptcy filing. Michael Alexander Reardon filed for Chapter 7 liquidation late last month, declaring $3.28 million in unsecured liabilities against assets worth $574,000. According to the September 30 petition, Reardon’s personal debt…