New Delhi, Sep 20 () The Insolvency and Bankruptcy Code (IBC) should gradually evolve to its full potential and one of its main objective is to maximise the value of assets of corporate borrowers, IBBI chairman M S Sahoo said today. The Insolvency and Bankruptcy Board of India (IBBI) chief also said that the capability…
Bedding and homewares brand Moss River has collapsed into voluntary administration with 65 creditors owed more than $2 million, just over two years after the business first fell into the hands of administrators in July 2015. BDO partners Andrew Sallway and James White were appointed on September 6 as administrators to Fineline Home Products Pty…
Initially collapsing into voluntary administration back in 2015 when previously owned by Original Residential Homewares Pty Limited, Fineline Home Products Pty Ltd stepped in at the time and saved Moss River from insolvency. However, with current competitive conditions and declining sales figures causing issues industry wide, Moss River is again set to join a long list…
by Duncan Hughes A property selling intermediary which offered commission payments of up to 15 per cent has been placed in liquidation with debts of about $283,000, according to regulatory records. Taylor Dow Property Group, which was based in Port Melbourne, about five kilometres south-west of Melbourne’s central business district, folded with assets of about…
September 19, 2017: Pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that on Tuesday, September 26, 2017, Mr. Savan Godiawala (IP Registration No. IBBI.IPA-001/IP-P00239/2017-18/10468) (Resolution Professional), the duly appointed resolution professional for the Company appointed in accordance with the provisions of the Insolvency and Bankruptcy…
VOLUNTARY ADMINISTRATION: Peter O’Brien. Regional building company Peter OBrien Constructions has gone into voluntary administration after being owed $12 million by debtors including a government organisation. The Blayney-based firm owes $5.7 million to creditors including regional subcontractors. A statement released by Mr OBrien said he and his wife Melissa had been forced to sell their assets. The OBriens have put…
Peter O’Brien Regional building company Peter OBrien Constructions has gone into voluntary administration after being owed $12 million by debtors including a government organisation. The Blayney-based firm owes $5.7 million to creditors including regional subcontractors. A statement released by Mr OBrien said he and his wife Melissa had been forced to sell their assets. The OBriens have put up their…
Cape Town Aerios, the company at the centre of a multimillion-rand advertising rights dispute with WP Rugby, say they have laid fraud-related charges against its board of directors over alleged non-presentation of the liquidated professional arms statement of affairs. Included are two directors of Remgro, the investment company which had a 24.9 percent stake-holding in…
Ten’s history shows Australia’s third free-to-air network struggling against a backdrop of declining advertising revenue, increasing competition and leadership tussles. 1964 – Launched as ATV-0 and owned by the Ansett transport and media group 1979 – Rupert Murdoch gains a 50 per cent stake in Ansett, giving him control of channel 0 1980 – The…
Unsecured creditors of Ciber Inc are seeking a court order allowing them to file a liquidation plan for the bankrupt information technology company, arguing talks over winding it down are stalled and its insiders are angling to protect themselves. In court papers filed on Friday, Cibers official committee of unsecured creditors said the IT-consulting company…