This is to inform you that on implementation of Insolvency and Bankruptcy Code, 2016, (IBC) the Company, Ramsarup Industries Limited (Corporate Debtor) had applied to National Company Law Tribunal (NCLT) for admission of Company under IBC as previous applications were made with the Honble Board for Industrial & Financial Reconstruction (BIFR), in terms of proviso…
The Co. had applied to (BIFR) Ministry of Finance, Govt. of India, Jawahar Vyapaar Bhawan, 1-Tolstoy Marg, New Delhi, Pin-110001 for reg u/s 15(1) of SICA, 1985. The aforesaid reference has been regtd by the Board as case no.67/2012. After several hearings by the Ld. BIFR the application was not accepted on 19.02.2014.Then Co. filed…
Wonderland Touring Pty Ltd, a touring company of which artist Alison Wonderland (Alexandra Scholler) is a 50 per cent stakeholder, has entered into liquidation after owing over $776,000 to creditor following her 2017 Scarehouse Project tour. The company, whose co-directors and 25 per cent stakeholders are Falcona agents Christopher Murray and Garth Crane (also Schollers manager), entered…
By James Forsyth The UKs corporate insolvency and restructuring landscape will be changing dramatically, following the Governments announcement on 26 August 2018. The Government proposes to introduce a wide range of reforms including:1. A standalone restructuring moratorium for companies which are in financial distress2. A statutory restructuring process which will potentially bind dissenting creditors; and3.…
Dear Sir/ Madam, Sub: Notice of Second Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…
Sommer & Staff Constructions has announced that it has appointed Trent Hancock of PKF Chartered Accountants as Voluntary Administrator. The Administration of Sommer & Staff Constructions is due to the suspension of its builders licence as a result of experiencing difficulties on a building contract in the West End of Brisbane where sub-contractors are owed…
By Express News Service BHUBANESWAR: The regulatory authority is making all arrangements for implementation of individual insolvency norms in the country as soon as possible, said Insolvency and Bankruptcy Board of India (IBBI) chairman, MS Sahoo. Speaking at a national conference organised by Indian Chamber of Commerce (ICC) on Insolvency and Bankruptcy Reforms: Code Demystified…
This week, the cash-strapped Balmain Leagues Club has received a cash injection to help keep it afloat and stop them from going into voluntary administration. The developer, Heworth, has been providing the club with financial support and say theyre committed to bringing the Balmain Tigers back to Rozelle. Heworth plans to revamp the decaying Balmain…
A tourist company based in Mullingar, Co Westmeath has ceased trading, leaving several holidaymakers and businesses out of pocket. Exploring Vacations acts as an intermediary allowing tourists to book accommodation or car hire. It operated by taking payment upfront from people and then paying the provider. However, it has announced that it is going into…
Guernsey airline Waves has announced today that its parent company, Waves Technologies Ltd is going into voluntary liquidation. WO1 Ltd which includes the Waves aviation company, remains trading and hopes to confirm a trade sale over the next few weeks. Waves has not taken any bookings since earlier this year. It is with a heavy…