We havent been imagining it retailers, along with the accommodation and food sectors, have seen a spike in corporate insolvency appointments over the last 12 months, an insolvency specialist has confirmed. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017-18 financial year, while the retail…
Analysts said the MCA notification helps clear the ambiguity regarding who can approach NCLT for CIRP. The government has allowed trustees, estate administrators, persons authorised by a companys board of directors etc toinitiate corporate insolvency resolution process (CIRP) against a corporate debtor before the NCLT, on behalf of financial creditors under the Insolvency and Bankruptcy…
The Insolvency and Bankruptcy Board of India (IBBI) has come up with a charter of responsibilities for Insolvency Resolution Professionals (IRPs) and Committee of Creditors (CoC) so that stakeholders have a complete and clear understanding of their roles and responsibilities in a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). This…
Vision Gelpack Goes into Voluntary Administration – EIN News Trusted News Since 1995 A service for global professionals Monday, March 4, 2019 478,230,744 Articles 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions? … Read the full article at: https://www.einnews.com/pr_news/478198192/vision-gelpack-goes-into-voluntary-administration
Mumbai: A new amendment to corporate insolvency regulation prescribing stringent punishment for successful resolution applicants who fail to make promised payments is likely to protect the new bankruptcy law from frivolous bidders, lawyers said. The amendment comes after recent cases of backtracking by winning bidders in taking over debtladen companies. The latest of such example…
Image: Coolgardie Minerals Latest News Coolgardie Minerals has entered voluntary administration just months after gold production launched at its Geko project in Western Australia. The miner will put its Geko project up for sale while exploring other debt restructuring and capital raising alternatives. Mining issues at Geko had led to delays and significant additional costs,…
This is to inform you that the 13th meeting of the Committee of Creditors (CoC) of Sterling Biotech Limited (under Corporate Insolvency Resolution Process) (the Company) was held on Wednesday, 27th February 2019 at 10:00 A.M. at IMC Bldg., IMC Marg, Churchgate, Mumbai – 400 020, Maharashtra, India. The e-voting on the resolution put to…
Hyderabad: The National Company Law Tribunal (NCLT) ordered an initiation of corporate insolvency process in respect of Indu Projects Ltd. The company is accused in at least half a dozen CBI and Enforcement Directorate (ED) cases in YS Jaganmohan Reddy disproportionate assets episode. However, the order is likely to result in further litigation from ED,…
American Assets Investment Management Llc increased its stake in Macquarie Infrastructure Cor (MIC) by 33.33% based on its latest 2018Q3 regulatory filing with the SEC. American Assets Investment Management Llc bought 10,000 shares as the companys stock declined 13.35% with the market. The institutional investor held 40,000 shares of the oil refining and marketing company…
NEWCASTLE law firm Roberts Legal has expanded and opened a city base close to the NSW Courts complex in Hunter Street. Husband and wifeand company co-directors Sam and Anna Roberts opened the firm in 2007 in Adamstown. The company will keep its Brunker Road operation but has relocated its corporate and commercial division to premises…