By Arijit Barman Last weeks new insolvency Ordinance, barring all wilful defaulters, or incumbent promoters with bad loans for ayear or more, from the auction process to repurchase their asset if they fail to clear all overdues is great polemics. But emotions aside, it may end up bankrupting the banks even more. Auctions have to…
(PRNewsfoto/Peekay Boutiques, Inc.) AdvertisementPeekay Boutiques Joint Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on November 15, 2017. BankruptcyDatas detailed Plan Summary notes, The Plan provides for the liquidation and sale of substantially all of the Debtors Assets to the Buyer, subject in…
ONE Nation WA Senator Peter Georgiou has continued to try to pressure the federal Coalition government into holding a Royal Commission into the banking sector to examine issues concerning the farm sector. Senator Georgiou ventilated his concerns about the treatment of farmers during foreclosure proceedings in Senate question time today. His attack came as Nationals…
No other Australian womenswear label spun lace into delicate bridal gowns and cocktail dresses quite like Lover. Nic Briand and Susien Chong started the label in 2012 and opened a flagship store in The Strand Arcade in Sydney not long after. The label expanded quickly Lovers intricate lace halter-neck-style dresses were a hit and a…
A mortgage aggregation business has confirmed earlier today that broker commissions, including trail payments made by lenders, will not be impacted by the appointment of voluntary administrators. Award-winning aggregator eChoice confirmed that Geoffrey Reidy and Andrew Barnden of Rodgers Reidy have been appointed as voluntary administrators of eChoice Limited and 13 subsidiary companies, pursuant to Section…
Australian fashion label and purveyors of delicate lace Lover has gone into voluntary administration. Administrators from business management firm Ferrier Hodgson were appointed last Thursday 23rd November, and have called for buyers expressions of interest. Morgan Kelly, who along with Ryan Eagle has been appointed to manage the company, said via a media release that…
November 27, 2017 01:02 IST Updated: November 26, 2017 23:02 IST “; var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”; var noSkipOnDevice = skipOnDeviceValue.length > 0; if(noSkipOnDevice) { if (skipOnDeviceValue.indexOf(“large”) > -1 && (isDesktop || isLargeDesktop)) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“medium”) > -1 && isTablet) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“small”)…
“; var writeOnDocument = true; var skipOnDeviceValue = “[medium, small]”; var noSkipOnDevice = skipOnDeviceValue.length > 0; if(noSkipOnDevice) { if (skipOnDeviceValue.indexOf(“large”) > -1 && (isDesktop || isLargeDesktop)) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“medium”) > -1 && isTablet) { writeOnDocument = false; } if (skipOnDeviceValue.indexOf(“small”) > -1 && isMobile) { writeOnDocument = false; } } if(writeOnDocument)…
Beena Parmar Moneycontrol News The amended Insolvency and Bankruptcy Code may weed out the majority of promoters from bidding on assets undergoing court proceedings and could also deepen losses for banks. President Ram Nath Kovind gave his assent to an ordinance amending the Insolvency and Bankruptcy Code (IBC) on Thursday, barring errant promoters. While lawyers…
A RETURNED Palaszczuk government would fund a public examination in court of those in charge of two building companies that collapsed and left unsecured creditors exposed to the tune of $38 million. Housing Minister Mick de Brenni has made the commitment in a letter to Subcontractors’ Alliance head Les Williams who has pursued security of…