The fraud contributed to a 27 per cent drop in the company’s full-year profit to $6.6 million, driving its shares nearly 22 per cent lower. Normalised earnings for the 12 months to June 30 declined $1.7 million to $13.2 million – largely due to a drop-off in daigou shoppers – and total like-for-like sales were…
Over 1,300 employees of Jyoti Structures, a Mumbai-based engineering and procurement (EPC) company, are heaving a sigh of relief as the National Company Law Appellate Tribunal (NCLAT) has granted a stay on the liquidation order passed against the insolvent firm. Its employees are spread over two manufacturing units in Nashik and Raipur, and at various…
Preliminary investigations by the administrators of dessert king Adriano Zumbos cafes have suggested one of the entities in administration could have been trading while insolvent since mid-2017. Three of Zumbos businesses, 611 Pty Ltd, Mel611 Pty Ltd and Im So Fancy Pty Ltd, entered voluntary administration at the start of the month, though they continue to…
We are hereby enclosed list of Creditors updated as on 11th August 2018 of Gemini Communication Limited as requiredto be displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.The said list of creditors so being conveyed to you has been prepared basis the claims received by the undersigned.This intimation is…
The National Company Law Appellate Tribunal (NCLAT) on Monday granted an interim stay on the liquidation of Jyoti Structures Ltd. The National Company Law Tribunal (NCLT) had earlier approved bankruptcy proceedings against the company, in response to a plea by lenders, led by State Bank of India. However, after several attempts to find a buyer…
NewsWritten by Tom Williams on August 20, 2018 A touring company of which producer Alison Wonderland (real name Alexandra Sholler) is a major stakeholder is in the process of being liquidated, after owing over $776,000 to suppliers following Wonderlands 2017 Scarehouse Project tour. Wonderland Touring Pty Ltd of which Wonderland is a 50 per cent…
DJ Alison Wonderlands touring company has gone into liquidation with an estimated $776,000 owed to Australian and New Zealander creditors, documents show. Wonderland Touring Pty Ltd., which threw 2017s massive Wonderland Scarehouse Project warehouse tour, was put into liquidation in late June after failing to pay its creditors. Despite a strong showing in Sydney, Melbourne,…
Global food delivery business Foodora has sent its Australian business into voluntary administration ahead of its exit from the country. The move comes just a fortnight after the business announced it was quitting the Australian market by August 20, claiming at the time that the business was solvent. The business today appointed Simon Cathro and…
Pursuant to Regulation 30 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (Listing Regulations), we hereby inform that:Mr. Anil Kohli, Insolvency Professional (Registration No. IBBI/IPA-001/IP-P00112/2017-18/10219) has been appointed as the Resolution Professional (RP) in place of Mr. Devendra Singh for conducting Corporate Insolvency Resolution Process of Moser Baer India…
UP TO eight interested parties are negotiating with the liquidator of Ballina caravan manufacturer Kimberley Kampers over the sale of the business. Liquidator SV Partners announced it was accepting expressions of interest up until the close of business on Friday “following which they expect to be working more closely with the parties who submitted the…