Lavasa Corporation Ltd – Corporate Insolvency Resolution Process (CIRP)-Admission of application by Tribunal – The Hindu BusinessLine

Liquidation

The National Company Law Tribunal vide its order dated 30/08/2018 has admitted a plea filed by operational creditors who initiated Corporate Insolvency Resolution Process (CIRP) against Lavasa Corporation Limited under the Insolvency and Bankruptcy Code 2016 (IBC). NCLT has appointed Mr. Devendra Prasad as Interim Resolution Professional under the provisions of the IBC. Lavasa Corporation…

Abg Shipyard Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Dear Sir / Madam, We would like to inform you that meeting of 16th Committee of Creditors of ABG Shipyard Limited is scheduled to be held on Monday, 03rd September 2018 at 02:30 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Worli Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra. You are requested to take…

Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Dear Sir / Madam, We would like to inform you that meeting of the 03rd Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 04th September 2018 at 03:00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…

WAFL: West Perth creditors told to see cents after voluntary administration analysis – Community Newspaper Group

Liquidation

WEST Perth creditors can get back 4 per cent of what they are owed or get nothing. That is essentially the message after administrator KordaMentha released its recommendations this week into the finances of the Joondalup WAFL club, which went into voluntary administration last month with about $790,000 debt. It means if the Falcons owe…

Foodora Australia left town owing tax, superannuation and $28 million to its parent company – Business Insider Australia

Liquidation

Foodora announced it would close operations in Australia on August 2, but 15 days later was placed in voluntary administration. Its believed that concerns over outstanding tax liabilities to both the NSW and federal governments led the German parent company, Delivery Hero, to pull its support for the business, hastening its demise. Delivery Hero, worth…

Court halts liquidation of aviation company linked to controversial Russian businessman – Irish Times

Liquidation

The High Court has granted a temporary injunction preventing an Irish registered aviation company linked to a controversial Russian businessman from going into voluntary liquidation. Mr Justice Michael Quinn made an interim injunction preventing the members of City Leasing DAC, which has registered address in Limerick from holding a meeting of its members, who were…

Lanco Babandh faces insolvency proceedings; NCLT appoints IRP – The Hindu BusinessLine

Liquidation

The National Company Law Tribunal, Hyderabad, has admitted an application for corporate insolvency resolution against Lanco Babandh Power Limited. NCLT Judicial Member Bikki Ravindra Babu admitted the petition by ICICI Bank for insolvency proceedings under Section 7 of the Insolvency and Bankruptcy Code, 2016 and directed issue of notices to various parties, including the financial…

Court halts liquidation of aviation company linked to Russian businessman – Irish Times

Liquidation

The High Court has granted a temporary injunction preventing an Irish registered aviation company linked to a controversial Russian businessman from going into voluntary liquidation. Mr Justice Michael Quinn made an interim injunction preventing the members of City Leasing DAC, which has registered address in Limerick from holding a meeting of its members, who were…

North West insolvency professionals welcome clampdown on rogue directors – Business Up North

Liquidation

Paul Barber, North West chair of the R3, the trade body for insolvency and restructuring professionals Government plans to clamp down on directors who dissolve companies to avoid paying workers or pensions have been welcomed by insolvency practitioners in the North West. The proposals, which were announced on Sunday and represent the biggest changes to…