Abg Shipyard Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Dear Sir / Madam, We would like to inform you that meeting of 15th Committee of Creditors of ABG Shipyard Limited was held on Wednesday, 08th August 2018 at Mayfair Banquets, 254-C Dr. Annie Besant Road, Worli Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra. The Meeting commenced on 02.30 P.M. IST and concluded on 07.30 P.M.…

Supreme Court asks NCLT to deal with insolvency proceedings against Jaypee group – Economic Times

In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process. A bench headed by Chief Justice Dipak Misra said the limitation…

CQ builder investigation finds claims of insolvent trading – Rockhampton Morning Bulletin

INVESTIGATIONS are continuing into the collapse of CQ builder Metro Builders, including claims the business made unfair preference payments and traded while insolvent. Liquidator Jirsch Sutherland was appointed after Metro Builders closed on June 8 leaving debts of almost $5 million and 40 homes unfinished. Jirsch Sutherland partner Chris Baskerville said he hoped to reach…

IBC: Application For Initiating Corporate Insolvency Resolution Process Filed By Advocate Of Financial Creditor … – Live Law

We also think that the petition filed by an advocate would be maintainable, as has been held in Macquarie Bank supra. The Supreme court observed that an application filed by an advocate would be maintainable under Section 7(3)(a) of the Insolvency And Bankruptcy Code, 2016. This observation was made by the bench of Justice Rohinton…