Mumbai: The dedicated bankruptcy court has admitted an insolvency petition filed by the Swiss emerging markets fund, ResponsAbility Fair Agriculture Fund, against livestock feed manufacturer Abhay Nutrition for defaulting on around $4.75 million (around Rs 33 crore) of advances. Maharashtra-based Abhay Nutrition is backed by the US-based and emerging countries focused fund SEAF and currently…
news, local-news, gavan reynolds, reynolds auctions, Paul Siderovski, Oakland York, loan shark, high interest, blue capital investments IMAGINE being trapped in a loan that a judge said had a legal interest rate of 120 per cent a year. A loan with “numerous” and “substantial” default fees and “enforcement costs” that multipled until a sheriff was…
In continuation of our earlier letter dated October 8, 2018, this is to inform you that Honorable National Company Law Tribunal (NCLT), Kolkata vide order dated 5th April, 2019 (Copy enclosed) has admitted the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) in respect of…
news, local-news, gavan reynolds, reynolds auctions, Paul Siderovski, Oakland York, loan shark, high interest, blue capital investments IMAGINE being trapped in a loan that a judge said had a legal interest rate of 120 per cent a year. A loan with “numerous” and “substantial” default fees and “enforcement costs” that multipled until a sheriff was…
In order to search the database and recover any footage, couples have been asked to pay $300 and supply a hard drive for media transfer and a reply paid parcel. The payment of $300 is required to contribute towards the costs of extracting, transferring and providing the media to you, a letter from PwC dated…
In order to search the database and recover any footage, couples have been asked to pay $300 and supply a hard drive for media transfer and a reply paid parcel. The payment of $300 is required to contribute towards the costs of extracting, transferring and providing the media to you, a letter from PwC dated…
The insolvency regulator Insolvency and Bankruptcy Board of India (IBBI) has summarised the Supreme Courts landmark judgment that struck down the RBIs February 12 circular last year on stressed assets, raising awareness on how the apex court has dealt with the issues concerned. The analysis brings to the fore that, on various counts as held…
Bankrupt smartphone-maker Gionee Communication Equipment Co. Ltd.s liabilities are more than double its current assets, the administrator handling the case said, as the former high-flyer prepares to be liquidated after falling victim to intense competition. The administrator disclosed its estimates of Gionees assets and liabilities at the first meeting of the companys creditors on Tuesday…
The Supreme Court, while deciding the constitutional validity of various provisions of the Insolvency and Bankruptcy Code, 2016 (code), in the case of Swiss Ribbons Pvt Ltd v Union of India, upheld the mandate of section 29A with minor distinctions. Section 29A of the code lists persons or entities not eligible to submit a resolution…
FORT LAUDERDALE, Fla., April 02, 2019 (GLOBE NEWSWIRE) — Swisher Hygiene Inc. (the Company) today reported liquidation basis accounting for the year ended December 31, 2018. As previously announced, on August 12, 2016, the Securities and Exchange Commission (the SEC) granted the Companys request for no-action relief from filing future periodic reports under Section 13(a)…