Insolvency law panel seeks suggestions from stakeholders; over 300 cases admitted for resolution by NCLT – Firstpost

New Delhi: The high-level panel tasked with identifying issues in implementation of the insolvency law has sought suggestions from stakeholders as the government works on ways to iron out practical difficulties. The first meeting of the 14-member Insolvency Law Committee, chaired by Corporate Affairs Secretary Injeti Srinivas, was held on 8 December, where the panel…

Building contractor Edwards Constructions to emerge from administration, continue trading – Illawarra Mercury

Sub-contractors affected by a prominent local building companys financial woes appear set to receive some monetary relief.   An administrator at the time estimated that the company owed between $4 million and $6 million of creditors. More than 200 creditors are reportedly affected.  However, the building contractor will emerge from administration after having secured the support of creditors earlier this week…

Building contractor Edwards Constructions to emerge from administration, continue trading – Illawarra Mercury

Sub-contractors affected by a prominent local building companys financial woes appear set to receive some monetary relief.   Edwards Constructions (NSW) Pty Ltd – which was building the new Bellambi Bunnings – went into administration in October.  An administrator at the time estimated that the company owed between $4 million and $6 million of creditors. More than 200 creditors are reportedly affected. …

Sherri Parker Chapman and Susan Parker launch estate liquidation company – AL.com (blog)

Sherri Parker Chapman and Susan Parker are launching Southern Estate Liquidations, a revolutionary estate liquidation company. Southern Estate Liquidations will be pioneering the way for estate owners across the Southeast with its finger is on the pulse of the most aggressive buyers and sellers. This cutting edge company is ready to revolutionize the “Mom and…

Decoding the grey areas of Insolvency and Bankruptcy Code – Moneycontrol.com

Manoj K Singh The Insolvency and Bankruptcy Code (IBC), 2016, has been enacted to reorganise and provide for the insolvency resolution of corporate persons, partnership firms and individuals in a time bound manner inter alia for maximisation of value of assets. The Corporate Debtors, Operational Creditors, Financial Creditors, Insolvency Professionals and other persons involved in the…

NCLT withdraws insolvency against Trivitron – Times of India

TNN | Dec 13, 2017, 04:00 IST The Chennai bench of the NCLT (National Company Law Tribunal) has dismissed as “withdrawn” the corporate insolvency resolution process against Trivitron Healthcare, a leading medical devices maker, under IBC (Insolvency and Bankruptcy Code), following its compromise with RNB Design Arc Systems. RNB initiated insolvency proceedings against Trivitron in…