India’s first information utility goes live – Hindu Business Line

IU will provide one-stop shop for details on all financial transactions Mumbai, September 26:   Indias first information utility (IU), a one-stop shop for details on all financial transactions of lenders, information utilities under the insolvency and bankruptcy, has got a go-ahead. On Tuesday, the Insolvency and Bankruptcy Board of India (IBBI) granted it a renewal…

Discount store chain goes into liquidation – Stuff.co.nz

The 123 Mart was opened in 1995 by Joseph Choi and has gone into liquidation. Discount store chain 123 Mart Limited has gone into liquidation after failing to pay tax debt. Jared Booth and Tony Maginness from Staples Rodway have been appointed liquidators. The company owns 60 stores throughout New Zealand. Booth said the liquidators were in discussions and negotiations…

Major Limerick oil company in voluntary liquidation – Limerick Leader

THE LIMERICK based oil and gas exploration company Circle Oil Plc, which once had a net worth of 231 million, has gone into voluntary liquidation. Declan McDonald and Brendan Lynch, of Pricewaterhouse Coopers, have been appointed joint liquidators to the company. Creditors have been advised to send particulars of their debts and claims to PwC by October 31…

Nigeria: Share Scam At Partnerships – Investors Jostle to Recover N10bn Investments – AllAfrica.com

By Peter Egwuatu Investors in the nation’s capital market are strategizing on how to rescue their investments estimated at N10 billion which were trapped in the troubled Partnership Investment Company, PIC Plc and Partnership Securities Limited, PSL. Financial Vanguard checks with some of them reveal that while some are considering joint liquidation action that entitles…

Bhushan Steel snubbed by bankers, all fresh loans stopped; firm saddled by Rs 44500 cr debt – Financial Express

Bhushan Steel, which owes banks a whopping Rs 44,447 crore, had initially objected to the insolvency proceedings alleging SBI had inflated the dues by around Rs 100 crore. The committee of creditors to Bhushan Steel is reluctant to sanction fresh interim funding of around Rs 500 crore as part of the corporate insolvency process, senior…

Huge debt: Building firm Peter O’Brien Constructions in voluntary … – Blayney Chronicle

VOLUNTARY ADMINISTRATION: Peter O’Brien. Regional building company Peter OBrien Constructions has gone into voluntary administration after being owed $12 million by debtors including a government organisation. The Blayney-based firm owes $5.7 million to creditors including regional subcontractors. A statement released by Mr OBrien said he and his wife Melissa had been forced to sell their assets. The OBriens have put…