TONY BENNY/STUFF Forestland companies are headed for liquidation. The Financial Markets Authority has applied to the High Court to place 18 Forestlands companies into liquidation because it has no faith in the company’s director to look after the interests of shareholders. For the past year the Serious Fraud Office and FMA have been investigating Motueka-based Forestlands after…
After months of fruitless efforts to reach a bailout, Tel Aviv District Court Judge Eitan Orenstein ordered Shaul Elovitchs Eurocom Communications be put into liquidation and its sister company, Eurocom Real Estate, into receivership. … Read the full article at: https://www.haaretz.com/israel-news/business/.premium-court-orders-eurocom-parent-company-of-bezeq-into-liquidation-1.6015539
Tel Aviv District Court Judge Eitan Orenstein today issued a liquidation order for the Eurocom Group. The order will take effect on May 3, as requested by the banks. The official temporary receiver was appointed as the temporary liquidator for Eurocom Communications, and the banks’ lawyers were appointed as special managers for the company. The…
Tel Aviv District Court Judge Eitan Orenstein today issued a liquidation order for the Eurocom Group. The order will take effect on May 3, as requested by the banks. The official temporary receiver was appointed as the temporary liquidator for Eurocom Communications, and the banks’ lawyers were appointed as special managers for the company. The…
Retailers are filing for bankruptcy at record-high rates as Americans changing shopping habits, along with years of overly aggressive store growth, continue to shake up the industry. Just four months into the start of 2018, 11 US retailers have already filed for bankruptcy or announced liquidations. Heres the retail carnage so far this year: Nine…
Calcutta: The corporate insolvency resolution process initiated against bankrupt Binani Cement is set to miss the 270-day deadline stipulated under the Insolvency & Bankruptcy Code, 2016 as challenges thrown at the resolution plan from several quarters, including UltraTech Cement, continue to be heard by the Calcutta bench of the National Company Law Tribunal. Judicial members…
Bon-Ton Stores, parent company of Herbergers, announced Tuesday that a winning bid of $775.5 million was made by liquidators Great American Group and Tiger Capital Group and a group of Bon-Tons debt holders. While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going…
TWO DROITWICH companies have gone into liquidation leaving 34 staff members redundant, writes Anu Shukla. Flood Angel and UK Flood Barriers operated together as a company under the umbrella business Global Flood Defence Holdings. Many of the employees, some who had worked for the company over the last seven years, said they expected their wages…
The report presented by the Insolvency Law Committee has brought some hope to the homebuyers. Under the Insolvency and Bankruptcy (I&B) Code, the one affected the most are the genuine homebuyers of those real estate companies against whom Corporate Insolvency Resolution Process (CIRP) has been initiated. These homebuyers have given their earnings, taken the loan…
MUMBAI: With Alok Industries heading into likely liquidation, about 12,000 permanent employees of the company are set to lose jobs in what could be the biggest labour casualty since the implementation of the bankruptcy code. These employees earned an average salary of Rs 1.45 lakh a year, show data compiled by Corporate Professionals that used…