The bankruptcy code for individual debtors, expected to be notified soon, would hopefully synchronize well with IBC and provide for a way to deal with personal guarantees in a time-bound manner. Photo: iStock Banks in India have traditionally placed tremendous faith on promoters and personal guarantees provided by them, on par with if not higher…
A Derbyshire textile company has gone into liquidation. Future Textiles Ltd on Eldon Street, Clay Cross, was founded in 2008. Now, an official notice placed in the London Gazette states that Claire Elizabeth Dowson and Ashleigh William Fletcher, of Begbies Traynor, have been appointed joint liquidators of the firm. Liquidation is the process where a…
ROCKFORD, Ill., Oct.19, 2017 /PRNewswire/ — Harvard Illinois Bancorp, Inc. (the “Company”) announced today its unaudited statement of net assets in liquidation, as of September 30, 2017, and its unaudited statement of changes in net assets in liquidation for the nine months then ended. Unaudited Statements of Net Assets in Liquidation and Changes in Net…
Powerhouse Ventures is pitching itself as a turn-around story following a disastrous year. Chief executive Paul Viney says the Kiwi venture capital firm is tightening up its business model and looking to expand its investments into Australia. Powerhouse will start putting pressure on its investments to turn exciting intellectual property into products, says Chairman Russell…
An Expression of Interest from investors to revive Nagarjuna Oil Corporation (NOC) has been invited by the Insolvency Resolution Professional appointed by the National Company Law Tribunal (NCLT). Financial investors mutual funds, private equity and venture capital funds, domestic or foreign investment institutions and others may also apply. A Corporate Insolvency Resolution Process…
Thursday, October 19, 2017 What is the GDPR? The General Data Protection Regulation (GDPR) is an EU regulation designed to strengthen and harmonise data protection rules for processing data of all individuals within the EU and covers the transfer of such personal data outside the EU. One of the aims of the new legislation is to give control back to individuals over…
Orlando, Fla., Oct. 19, 2017 (GLOBE NEWSWIRE) — CNL Growth Properties, a real estate investment trust (REIT) which invested in the development of Class A multifamily communities in the mid-Atlantic and Sun Belt regions of the United States, has completed the successful liquidation of its portfolio according to the plan approved by shareholders in August…
AdvertisementThe U.S. Bankruptcy Court approved Gordmans Stores Disclosure Statement on a final basis and concurrently confirmed the Companys Joint Plan of Liquidation. Advertisement According to documents filed with the Court, The Plan contemplates a liquidation of each of the Debtors and their Estates and is therefore referred to as a plan…
Dick Smith shareholders who bought into the retailer’s $520 million initial public offer almost four years ago may be able to recoup some of their investment by joining a second class action against the failed retailer. Litigation funder ICP is finalising funding for a $200 million shareholder class action against Dick Smith after spending the last six months trawling through…
The creditor claim for embattled Ballarat windows and doors company Lontana Pty Ltd is set to run into the hundreds of thousands as more than 100 clients, suppliers and employers join the line-up to receive a cut. A liquidation notice on the Ring Road warehouse which was used by Lontana and Ballarat Windows and Doors.…