Singapore: United Ocean Ship Management Pte Ltd to be wound up voluntarily – Manifold Times
Singapore: United Ocean Ship Management Pte Ltd to be wound up voluntarily Manifold Times Read the original article here
On the Border files Chapter 7 weeks after rescue – thestreet.com
On the Border files Chapter 7 weeks after rescue thestreet.com Read the original article here
Virgin Australia: what does voluntary administration mean and how will it affect you? | Virgin Australia
On Tuesday Virgin Australia went into external administration after being crushed by a $4.8bn debt mountain and failing to secure a federal government bailout. The decision affects about 10,000 staff and 6,000 contractors who work for the airline, along with 4,000 suppliers and customers who have bought tickets worth more than $1bn but haven’t yet…
Vikram Solar Ltd faces Corporate Insolvency Resolution Process by NCLT
Vikram Solar Limited’s corporate insolvency process has begun following an NCLT order admitting a petition by Isitva Steels Private Limited for ₹9.44 crore in unpaid dues. Management control shifts to an Interim Resolution Professional. Vikram Solar Limited faces a Corporate Insolvency Resolution Process (CIRP) after the National Company Law Tribunal (NCLT), Kolkata Bench, admitted an…
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Access Denied You don’t have permission to access “http://www.financialexpress.com/business/news/government-strips-nclt-of-discretion-in-insolvency-admissions/4272973/” on this server. Reference #18.8e58d617.1782067844.cee2c78 https://errors.edgesuite.net/18.8e58d617.1782067844.cee2c78 Read the original article here
Corporations – insolvency – voluntary administration – deed of company arrangement – standing to bring application under ss445D and 447A of Corporations Act 2001 (Cth) – whether administrators had a conflict of interest
In Habrok (Dalgaranga) Pty Ltd v Gascoyne Resources Ltd [2020] FCA 1395 (29 September 2020) the plaintiff, Habrok, sought orders under ss445D and 447A of the Corporations Act 2001 (Cth) (Act) terminating a deed of company arrangement (DOCA) executed by the first to seventh defendants (GCY Group) and the eighth defendant (administrators/FTI). Background After the…
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No Cookies | Herald Sun
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
380 investors face losing R17m after court places company under final liquidation
The Western Cape High Court has placed Polanocol (Pty) Ltd under final liquidation after finding the company had contravened the Share Block Control Act. About 380 investors, who collectively invested more than R17 million, face losing their investment. Ashraf Hendricks/GroundUp Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your…
Sara Lee goes into voluntary administration in Australia with FTI Consulting appointed as voluntary administrators
After 50 years of manufacturing frozen cheesecakes, pies, crumbles and ice cream in Australia, Sara Lee Holdings has gone into voluntary administration. Key points: Vaughan Strawbridge, Kathryn Evans and Joseph Hansell of FTI Consulting have been appointed as voluntary administrators The administrators are seeking to restructure or sell the business while its operations continue Sara Lee was…