Khaitan & Co acted as legal counsel to the Resolution Professional (RP) of Sharan Hospitality Private Limited (SHPL) in the Corporate Insolvency Resolution Process (CIRP) of SHPL. Mr. Mahender Kumar Khandelwal was appointed as the Resolution Professional (RP) of Sharan Hospitality Private Limited (SHPL) by the order of Honble NCLT, Mumbai Bench. The Khaitan &…
Member Article CORPORATE insolvencies are on the rise as the country emerges from the Covid-19 pandemic. The latest official figures show that corporate insolvencies increased by 8.8 per cent to 1,011 in May, a rise of 6.9 per cent as compared to the same period last year. And Sheffield expert Deborah Lockwood, of business turnaround…
Antenna, an audio guide supplier to some of the UK’s biggest museums and galleries, has been bought by ATS Heritage after going into liquidation. The international technology firm provided tour solutions and technology such as apps, multimedia and audioguides for clients including Blenheim Palace and the National Gallery. A voluntary winding up notice was issued…
PANDEMIC costs and the high price of cattle have been named as key impacts leading to the placing of prominent live cattle exporters the North Australia Cattle Company, and its southern counterpart, into voluntary administration. The company, once the live export logistics business of Elders, has accumulated debts owed to trade creditors of approximately $3.6…
The ACT Health Minister has called on the federal government to reconsider cutting off Canberra from bulk-billing incentives, as 30,000 members of a key affordable healthcare provider face an uncertain future. However, Royal Australian College of General Practitioners president Karen Price said bulk billing wasn’t the answer and broader reform of the system was needed.…
South Shore Holdings has applied to the Macau court for voluntary liquidation of its wholly-owned subsidiary New Concordia Hotel Limited, the sole beneficial owner of THE 13 Hotel. The application comes as South Shore faces increasing pressure from its lenders to repay mounting debts, including a statutory demand issued by one lender earlier this month…
News GPs are calling for widespread primary care funding reform after a not-for-profit bulk-billing co-operative servicing 30,000 patients went into voluntary administration. Pure bulk-billing clinics are becoming less and less sustainable. The National Health Co-operative (NHC), which runs eight not-for-profit bulk-billing clinics in the ACT, reportedly entered voluntary administrationdue toan insurmountable forecast deficit following the…
ANI | Updated: Jun 22, 2021 15:54 IST New Delhi/Mumbai [India], June 22 (ANI/NewsVoir): Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFL’s corporate insolvency resolution process. The CoC of DHFL comprises of banks, financial institutions, and authorised representatives acting on…
(Eds: Disclaimer: The following press release comes to you under an arrangement with Newsvoir. PTI takes no editorial responsibility for the same.) Delhi | Mumbai, India (NewsVoir) Cyril Amarchand Mangaldas (Firm) acted as the legal counsel to Committee of Creditors (CoC) of Dewan Housing Finance Corporation Limited (DHFL) on DHFLs corporate insolvency resolution process. The…
MIAMI, June 21, 2021 (GLOBE NEWSWIRE) — National investor fraud law firm, KlaymanToskes (KT), announces an investigation on behalf of investors in Northstar Financial Services (Bermuda) Ltd. following its recent bankruptcy and order to liquidate by the Bermuda government. Northstar Financial Services was a Segregated Accounts Company regulated by the Bermuda Monetary Authority, and touted…