Category Archives: Liquidation

Tasman Butchers, Victoria’s largest independent butcher, falls into voluntary administration – SmartCompany.com.au

Victorias largest independent butcher, Tasman Market Fresh Meats Pty Ltd, has fallen into voluntary administration. The company, which traded as Tasman Butchers, appointed administrators David McEvoy and Martin Ford of PricewaterhouseCoopers Australia last Friday. An urgent sale process is now underway, while the companys network of 17 stores in Melbourne and regional Victoria will continue…

American Capital Senior Floating, Ltd. Announces Final Liquidating Distribution – Business Wire (press release)

NEW YORK–(BUSINESS WIRE)–American Capital Senior Floating, Ltd. (ACSF or the Company) announced today that, in connection with the Plan of Complete Liquidation and Dissolution of the Company (the Plan), the Companys Board of Directors (the Board) has approved a final liquidating distribution of $3.69 per share (such distribution, the Final Liquidating Distribution). The Final Liquidating…

ICICI Banks files insolvency plea against Jaiprakash Associates – Business Today

Leading private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT). The Allahabad bench of NCLT has asked ICICI Bank to serve notice to its corporate debtor Jaiprakash Associates within three days and directed Jaypee group firm to file reply by September 17. If NCLT allows…

Broad Welcome For Government’s Corporate Insolvency Reforms From R3 North East – Business Up North

New Government plans to introduce reforms to the UKs corporate insolvency regime have been broadly welcomed by a regional industry expert. Alexandra Withers, North East vice chair of insolvency and restructuring trade body R3, was speaking after the Department for Business, Energy and Industrial Strategy (BEIS) revealed the initial results of its wide-ranging consultation on…

‘Keep fighting’: Luke Baylis on taking back control of Sumo Salad – The Sydney Morning Herald

But its been a tough road for the franchised salad business, which put two leasing entities for its store sites into voluntary administration in June last year as the company fought to renegotiate lease agreements with Westfield shopping centres. That process helped Sumo Salad negotiate with landlords, but one year later it called in the…

Parliament: Singapore introduces omnibus bill to update insolvency, debt restructuring laws – The Business Times

Mon, Sep 10, 2018 – 3:29 PM AN omnibus bill to update various aspects of Singapore’s insolvency and debt restructuring laws was introduced in Parliament on Monday. One of the main objectives of the Insolvency, Restructuring and Dissolution Bill is to consolidate the personal and corporate insolvency and restructuring laws, which are in two separate…

Opinion | Homebuyers as creditors does not make sense – Livemint

A single homebuyer can proceed with filing an application under Section 7 of I&B Code 2016 against the developer. Photo: Aniruddha Chowdhury/Mint After much deliberations in June 2018 by way of ordinance, an amendment was made in the Insolvency and Bankruptcy Code 2016 (I&B Code 2016) wherein apart from other changes, homebuyers were recognised as…

Realtors can’t use force majeure clause for lack of approvals, financial woes: Maharashtra RERA – Economic Times

MUMBAI: Realty developers cannot use the force majeure clause for financial crisis and lack of approvals in any project, ruled the Maharashtra Real Estate Regulatory Authority in a recent order against Hindustan Construction Companys subsidiary Lavasa Corporation. In a matter related to a homebuyer Mudhit Guptas complaint against Lavasa seeking refund and compensation for failing…

Dirt, Total Women’s Cycling, RideUK owners file for Voluntary Liquidation – Singletrack

Reported by Bikebiz, news has broken over the weekend of the voluntary liquidation of Factory Media Ltd, owners of multiple sports media brands including Total womens Cycling, Dirt, RCUK and RideUK. Accountants, Chamberlain & Co, have been appointed to oversee the liquidation. While the Factory Media company itself was sold to Forward Internet Holdings in 2012…

Factory Media to enter liquidation – road.cc

Factory Media, the parent company of fifteen websites and magazines, including six cycling titles, is entering liquidation, road.cc has learned. Factory, which was founded in 2006, owned and operated Road Cycling UK, Total Womens Cycling, Ride UK, Dirt Mountain Bike and Bike Magic, all of which are likely to close following the news. In a…