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…
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…
Digital sports business 20Four has gone into liquidation less than two years after launch. The business was originally started by Scott Briggs, Anthony McConville, Anthony Dunlop and former Carlton player Adrian Gleeson, and led by CEO Chris Haigh,and was created to show what life is like as a professional athlete in competition and everyday life.…
The lenders held its last meet on Wednesday. After UK-based Liberty House has failed to make the upfront cash payment within the stipulated time for acquiring bankrupt Adhunik Metaliks (AML) under the Insolvency and Bankruptcy Code (IBC), lenders to the steelmaker are not opting for liquidation at this point of time as many companies have…
The former chief executive and owner of defunct airline Air Australia was closely involved in the operations of recently collapsed budget travel booking service Bestjet, documents reveal. Guardian Australia reported on Wednesday that the Queensland-based budget airfare company Bestjet and its subsidiaries, Wynyard Travel Pty Ltd and Brooklyn Travel Pty Ltd, went into voluntary administration…
This is to inform you that the 9th Meeting of Committee of Creditors (CoC) was held on 27.12.2018.In the meeting, the members of the COC authorised the Resolution Professional to re-issue/ publish Expression of Interest for submission of Resolution Plan in Form G in the newspaper namely Business Standard (English) and Punjab Kesari (Hindi).Please find…
Australians left thousands of dollars out of pocket after booking plane tickets that never arrived say they feel robbed and cheated. Queensland-based booking site Bestjet and its subsidiaries went into voluntary administration days before Christmas last year. Would-be travellers who had booked tickets via Bestjet were left in limbo after the collapse and are now…