The Supreme Court on Tuesday asked the Centre to detail the composition of the Insolvency Law Committee set up to identify and suggest ways to address issues faced in the implementation of the Insolvency and Bankruptcy Code (IBC). It also asked the government to tell which cases were under active consideration of…
Dear Sir,Sub: Outcome of 3rd CoC Meeting of M/ 5. Southern Online Bio Technologies Limited scheduledon 8th January, 2019.With reference to the subject cited above, I would like to inform you that the following mattersare the outcome of the 3rd Committee of Creditors Meeting of M/ 5. Southern Online BioTechnologies Limited held on 8th January,…
File Image:IOL The fortunes of a company and its staff are inextricably linked. But there is one area where even if the company is liquidated, an employee is not affected the management of the individual employees retirement fund. While a company is responsible for collecting each staff members contributions made to the company provident or…
Dear Sir / Madam, We would like to inform you that meeting of the 09th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Monday, 14th January 2019 at 11.00 A.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…
By Eliza Ronalds-Hannon and Lauren Coleman-Lochner Bloomberg News January 06, 2019 NEW YORK Sears Holdings Corp. is preparing a wind down after chairman Eddie Lamperts bid to buy several hundred stores out of bankruptcy fell short of bankers qualifications, people with knowledge of the matter said. Sears representatives summoned liquidation firms and other advisers to…
ABOUT400 employees, including those in Dubbo, are facing an uncertain Christmas after the national freight company Redstar Transport Pty Ltdwas placed in liquidation. Redstar Transport has offices in Dubbo, Melbourne, Sydney, Brisbane, Adelaide and Perth. A callto the Redstar office in Dubbo for a comment wasntanswered, but it is believed that the Dubbo office employs…
Sears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Eddie Lamperts bid to buy several hundred stores out of bankruptcy fell short of bankers qualifications, people with knowledge of the matter said. The retailer started laying the groundwork for a liquidation after meetings Friday in which its advisers weighed the…
This is to inform you that pursuant to the provisions of Regulations 17, 19 and 20 of the IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the third meeting of Committee of Creditors (CoC) of the Corporate Debtor is scheduled to be held on Saturday, January 5, 2018 at 11.00 A.M. at Hotel K.C.…
The founder of failed online travel agency Bestjet has broken her silence, blaming the new ownership for the shock collapse that has left hundreds of customers thousands of dollars out of pocket. Customers travel plans and hip pockets are being compromised In an exclusive statement to nine.com.au, Rachel James said Bestjet was a profitable and…
Dear Sir / Madam, We would like to inform you that the brief particulars of the invitation for expression of interest in Form G as required under the applicable provisions of the Insolvency and Bankruptcy Code, 2016 read with rules and regulation made thereunder has been published on the website of the corporate debtor. The…