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Category Archives: Liquidation

IBC recovered 75,000 crore till March 2019 – Livemint

LiquidationBy Insolvency GuardianMay 3, 2019

NEW DELHI: The resolution of 94 stressed assets achieved around 43% debt recovery as of 31 March, 2019, amounting to 75,000 crore since the inception of the Insolvency and Bankruptcy Code (IBC) in 2016, a report said. The total recovery as of March-end stood at 75,000 crore, against the total claim of 1.75 lakh crore…

Blayney Bowling Club saga over as members vote for administrator at final meeting – Central Western Daily

LiquidationBy Insolvency GuardianMay 2, 2019

news, latest-news, MEMBERS of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said the meeting, only open to members, took 40 minutes to complete, and it went very smoothly. “We…

Jobs lost as courier SGM Distribution goes into liquidation – BBC News

LiquidationBy Insolvency GuardianMay 2, 2019

Jobs lost as courier SGM Distribution goes into liquidation 2 May 2019 Image copyright SGM Distribution A total of 16 jobs have been lost after a courier company with depots in Aberdeen and Letham in Angus went into liquidation. SGM Distribution said 51 of its employees have been taken on by a new employer. The…

Blayney Bowling Club saga over as members vote for administrator at final meeting – Central Western Daily

LiquidationBy Insolvency GuardianMay 2, 2019

news, local-news, MEMBERS of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said the meeting, only open to members, took 40 minutes to complete, and it went very smoothly. “We…

Blayney Bowling club has closed for good – Blayney Chronicle

LiquidationBy Insolvency GuardianMay 2, 2019

The members of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said that the meeting, that was only open to members, took 40 minutes to complete, and that it all…

Jobs lost as courier SGM Distribution goes into liquidation – BBC News

LiquidationBy Insolvency GuardianMay 2, 2019

Image copyright SGM Distribution A total of 16 jobs have been lost after a courier company with depots in Aberdeen and Letham in Angus went into liquidation. SGM Distribution said 51 of its employees have been taken on by a new employer. The company has a fleet of 47 vehicles. Liquidators at MHA Henderson Loggie…

ABG Shipyard heads to junkyard as NCLT orders liquidation – VCCircle

LiquidationBy Insolvency GuardianMay 2, 2019

A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder Liberty House. The development comes almost two years after the Reserve Bank of India asked lenders to initiate bankruptcy resolution proceedings against ABG Shipyard and 11 other companies under the Insolvency and Bankruptcy Code (IBC).…

ABG Shipyard heads to junkyard as NCLT orders liquidation – VCCircle

LiquidationBy Insolvency GuardianMay 2, 2019

A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder Liberty House. The development comes almost two years after the Reserve Bank of India asked lenders to initiate bankruptcy resolution proceedings against ABG Shipyard and 11 other companies under the Insolvency and Bankruptcy Code (IBC).…

SA homebuilder under police investigation as owner dodges alleged debts – InDaily

LiquidationBy Insolvency GuardianMay 2, 2019

Adelaide Wednesday May 01, 2019 Fighting fit Greens MP sidelined by major heart surgery More money needed for homelessness and mental health services: City Council Nyrstar repays $42 million to taxpayers as Lucas negotiates Call to rebuild lost tribute to Colonel William Light Adelaide biogas plant up and running … Read the full article at:…

Insolvency drill falls short of expectations – Telegraph India

LiquidationBy Insolvency GuardianMay 1, 2019

The implementation of the Insolvency and Bankruptcy Code (IBC) may have given banks a major tool to deal with bad loans, but the latest numbers show only a 13 per cent resolution, with lenders having to take an average haircut of over 50 per cent. Numbers put out by the Insolvency and Bankruptcy Board of…

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