Parekh Aluminex intimates of initiation of Corporate Insolvency Resolution Process – Business Standard

Liquidation

With effect from 23 November 2017 Parekh Aluminex announced that Corporate Insolvency Resolution Process has been initiated under the provision of Insolvency and Bankruptcy Code, 2016 by an order of the National Company Law Tribunal with effect from 23 November 2017. The powers of the Board of the… Read the full article at: http://www.business-standard.com/article/news-cm/parekh-aluminex-intimates-of-initiation-of-corporate-insolvency-resolution-process-117122000985_1.html

Grocon did not pay Queensland subbies for ‘six to eight months’: CFMEU – The Australian Financial Review

Liquidation

The Construction, Forestry, Mining and Energy Union says construction company Grocon has not paid several groups of sub-contractors in Queensland for six to eight months, as concerns about the company’s future continue to simmer. Some contractors working on the group’s Queensland projects such as the Parklands Project, which forms the athletes’ village for next April’s…

Sorrento Tech, Inc. Announces Voluntary Delisting from Nasdaq and Closing of its Stock Transfer Books – PR Newswire (press release)

Liquidation

As previously disclosed, on October 4, 2017, the Company filed a definitive proxy statement for a special meeting of its stockholders, which was held on October 26, 2017 (the “Special Meeting”).  At the Special Meeting, the Company’s stockholders approved an asset purchase agreement for the sale of substantially all of the Company’s assets (the “Asset Sale”)…