Category Archives: Liquidation

Thousands of jobs on line as British Steel goes into liquidation – Belfast Telegraph

Business Secretary Greg Clark Thousands of jobs on line as British Steel goes into liquidation BelfastTelegraph.co.uk British Steel has gone into liquidation, threatening thousands of job losses amid revelations that it would have run out of cash by the end of the week. https://www.belfasttelegraph.co.uk/business/northern-ireland/thousands-of-jobs-on-line-as-british-steel-goes-into-liquidation-38138933.html https://www.belfasttelegraph.co.uk/incoming/article38139952.ece/ee772/AUTOCROP/h342/P35ClarksteelPOLITICSC7.jpg Email British Steel has gone into liquidation, threatening thousands of…

Why British Steel is hoping to avoid scrapheap – Financial Times

During a ceremony to celebrate the resurrection of British Steel almost three years ago, a flag bearing its new logo was proudly raised at the entrance to the Scunthorpe steelworks. In not too long, it may be flying at half-mast. The company entered insolvency on Wednesday after talks failed between its lenders, private equity owner…

Punj Lloyd Ltd. – Corporate Insolvency Resolution Process (CIRP)-Invitation of Resolution Plan – The Hindu BusinessLine

Subj:Disclosure under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Brief Particulars of Invitation of Resolution Plan of Punj Lloyd Limited Dear S/M, Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (Listing Obligations & Disclosure Requirements) Regulations, 2015…

Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

This is to inform you that the 16th Meeting of Committee of Creditors (CoC) was held on 15th May, 2019. In the meeting, the revised bids submitted by the Resolution applicants were placed before the COC members. After discussions on the Revised Bid and meeting with representatives of both Resolution Applicants i.e. SOM Distilleries Pvt…

British Steel falls into liquidation after failing to secure funding – Reuters

LONDON (Reuters) – British Steel, the countrys second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britains Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation…

Port Lincoln City Council take over the leisure centre expansion – Port Lincoln Times

The Port Lincoln City Council has taken over the final stage of the $9.41 million leisure centre expansion to ensure it gets finished after the Adelaide company leading the project went into liquidation in April. The council and local subcontractors discovered in early April that the Adelaide contractor Unique Urban Built (UUB) that led the…

Swim Loops goes into voluntary administration – Splash! Magazine

Swim Loops, the company that represents the largest number of Jump! Swim Schools, has gone into voluntary administration. Jump! Swim Schools has been facing challenges following a series of court cases and disputes with franchisees. Jump! had grown dramatically and has more than 100 franchise swim schools in the network, including 60 in Australia and…

Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Date: 21st May, 2019To The General ManagerDepartment of Corporate Services,BSE Limited,P.]. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 9th CoC Meeting of M/ 5. Southern Online Bio Technologies Limited scheduled on 21 May, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 9th…

The Song Company has been placed in Voluntary Administration – Limelight Magazine

Renowned Australian vocal ensemble The Song Company has been placed in Voluntary Administration. The news was first posted on the Companys website on May 13 with a statement in which the Board of Directors said they had considered the financial affairs of the Company and it is in [sic] their opinion that the company faces…

Corpus fund for insolvency resolution cannot be attached by any authority – The Hindu BusinessLine

The corpus fund arranged by the Committee of Creditors under the National Company Law Tribunals (NCLT) directions towards the cost of corporate insolvency resolution process (CIRP) cannot be attached by any authority, including the Enforcement Directorate, as it is not an asset of the corporate debtor, according to a ruling by the Tribunals Mumbai bench.…