Hythe yacht builder Green Marine goes into liquidation 9 October 2017 From the section Hampshire & Isle of Wight Image copyright Green Marine Image caption Green Marine moved to a state-of-the-art facility at Hythe seven years ago. A boat builder, involved with leading yachting events including the Volvo Ocean Race and America’s Cup, has gone…
HYDERABAD: The National Company Law Tribunal (NCLT), in a rare move, decided to reject the insolvency petition filed by a corporate in the ‘interest of the nation’ despite the company and lenders pleading liquidation while claiming to have explored available options. Rejecting the petition filed by Anrak Aluminium, a joint venture between India’s Penna Cement…
Image copyright Green Marine Image caption Green Marine moved to a state-of-the-art facility at Hythe seven years ago. A boat builder, involved with leading yachting events including the Volvo Ocean Race and America’s Cup, has gone into liquidation. Green Marine, based in Hythe, Hampshire, has ceased trading with the loss of 46 jobs. Established in…
Year 2016 marked the inception of The Insolvency and Bankruptcy Code, 2016 (Code) of India. The Regulation coming into existence with an aim to revitalise and resolve the sick companies and bring it back to a better financial condition, has gained a lot of recognition in the present market condition. Among other features, one of…
CLIVE Palmers fortune is set to suffer a blow after a judge ordered his flagship company to pay a $US17.6m debt to a Singaporean exploration business. Mr Palmers company Mineralogy wanted the Supreme Court to declare it did not have to pay BGP Geoexplorer any money over a debt owed to it by another of…
In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has…
In the matter of M/s.Consolidated Construction Consortium Limited (‘CCCL’) vs. M/s. VA Tech Wabag Limited (‘the Company’) in respect of an application filed by CCCL in respect of an alleged default in payment of dues amounting to Rs.1,50,13,529/-,the National Company Law Tribunal, Division Bench, Chennai (‘NCLT’) at its hearing held on 6th October 2017 has…
FRANKSTONs return to the VFL competition has gathered steam with the club appointing Adam Skrobalak as its senior coach for 2018. Foxfooty.com.au understands the Dolphins will officially unveil Skrobalak as early as Monday afternoon. Skrobalak will combine his full-time role as St Kilda Football Clubs ruck coach with his Frankston responsibilities. This unique mix will…
FINANCE A New England-based retailer that has the distinction of being the first curtain catalog company is closing up shop. Shareholders of The Fitzpatrick Companies, whose subsidiaries include Country Curtains, voted Wednesday to liquidate the 61-year-old business. Country Curtains will begin liquidating operations immediately, and a going-out-of-business sale will be launched in its 19 retail…
The process, initiated by Consolidated Construction Consortium (CCCL), a Chennai-based player in the construction and contracts of civil sector projects, was accepted by the NCLT after hearing both the parties. The Chennai bench of the National Company Law Tribunal (NCLT) has ordered commencement of corporate insolvency resolution process against VA Tech Wabag, one of the…