Portfolios put into run-off with Darag. New Nordic Advisors has put its wholly-owned Danish subsidiary Qudos Insurance into liquidation with immediateeffect. The unrated Copenhagen-headquartered insurer was closed to new business on 18 October. The investment management company said it had made the latest move after a review of the insurance companys position. It explained that…
Sub: Outcome of 11th Committee of Creditors Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the subject cited above, I would like to bring to your kind notice that the 11th Meeting of the Committee of Creditors (COC) of the Company held on…
The 15th meeting of the CoC of the Corporate Debtor was held on 02.11.2018 The outcome of the meeting is summarized as herein below:1.The RP presented and discussed 3 plans out of four plans, which were found to be compliant with reg and provisions of the IBC, 2016 with the members of the COC. An…
Sub: Notice of 11th Committee of Creditors Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the subject cited above, I would like to bring to your kind notice that the 11th Meeting of the Committee of Creditors (COC) of the Company is scheduled…
The insolvency law has helped in directly and indirectly addressing stressed assets worth Rs 3 lakh crore in the last two years, a senior government official said on Saturday. More than 9,000 cases have come for redressal under the Insolvency and Bankruptcy Code (IBC), which became fully operational in December 2016. Corporate Affairs Secretary Injeti…
Sub.:- Appointment of Mr. Radhakrishnan Dharmarajan as Resolution Professional (RP) and Relieve of Mr. Gopalsamy Ganesh Babu as IRP We would like to inform you that Mr. Radhakrishnan Dharmarajan has been appointed as Resolution Professional (RP) and Mr. Gopalsamy Ganesh Babu has been relieved as IRP vide Order Passed by National Company Law Tribunal, Single…
The North East is the only part of England and Wales to have seen a rise in the rate of businesses based in the region becoming insolvent last year. According to new Insolvency Service figures, the insolvency rate in the region increased from 114 to 123 insolvencies per 10,000 enterprises during 2017, and is substantially…
Pursuant to Regulation of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Section 21 of Insolvency & Bankruptcy Code, 2016, this is to inform you that the meeting of the Committee of Creditors of the Company will be held on Monday, 26th November, 2018 at 2nd Floor, Conference…
We are in receipt, through a lawyer firm, of the copy of application filed by Bank of Maharashtra under the Insolvency & Bankruptcy Code, 2016 for an amount of Rs. 521.97 Crore. The Company is in process of taking legal advice to deal with the same. In this connection, it is also hereby pointed out…
Four companies related to Bella Vista Homes have been put into liquidation by Inland Revenue this week. Project Management Limited, Live Wire Limited, Lakes Engineering Limited and Ground Effects Limited were appointed a liquidator in the Hamilton High Court on Monday. Former Bella Vista boss Danny Cancian is the sole director and shareholder of all…