Binani Cement insolvency: NCLT asks CoC to consider UltraTech’s revised offer; Dalmia ‘surprised’ by order – Firstpost

Kolkata/New Delhi: The National Company Law Tribunal (NCLT) on Wednesday asked the Committee of Creditors (CoC) of debt-ridden Binani Cement to consider Aditya Birla group firm UltraTech’s revised offer while setting 24 June as deadline for completion of the insolvency resolution process. The NCLT bench also asked the CoC to reconsider resolution plan of Rajputana…

JumpClimb closure leaves unpaid Fringe World artists worried – OUTinPerth

The Fringe World festival team have confirmed today that one of their largest affiliated events management companies may be preparing for voluntary administration. JumpClimb, an independent presenter of Fringe World events, were behind a number of venues and events at the 2018 festival including the ever-changing Noodle Palace venue. The company posted a message to…

IBC: Why Resolution Plans Are Unsuited To An Auction According To India’s Insolvency Regulator IBBI’s Sahoo – BloombergQuint

But MS Sahoo, the chairman of regulatory body, the Insolvency and Bankruptcy Board of India, doesnt quite agree. He made two distinctions. That these are not bids they are plans. And plans are not suited to an auction process. The resolution plan is expected to address the root cause of the failure of the firm,…

70 suppliers and tradies owed $620000 in Million Dollar Makeovers liquidation – The West Australian

More than $600,000 is owed to suppliers and tradies caught up in the liquidation of rich-list renovator Sasha deBrettons Million Dollar Makeovers. Early numbers from liquidators Hall Chadwick filed with the corporate regulator list more than 70 unsecured creditors believed to be owed a total of $619,700. It includes $61,555 owed to the Australian Taxation…