NCLT Directs Police Assistance To Resolution Professional After Corporate Debtor Hinders CIRP – Live Law

In a rather uncommon development in IBC driven resolution process, the Mumbai bench of National Company Law Tribunal has directed the Police Commissioner, Ahmedabad to provide police assistance to a Resolution Professional who complained about ex-director of the corporate debtor abusing her and creating hindrance in the Corporate Insolvency Resolution Process. A bench of Member…

Modi government sets March deadline to resolve Essar Steel, Jaypee Infratech and 7 other insolvency cases – Business Today

In a bid to complete the resolution of large stressed accounts, the central government has set a March deadline for lenders and resolution professionals to speed up resolution plans of nine of the twelve high-value insolvency cases, with special focus on Essar Steel and Jaypee Infratech, according to media report. These twelve accounts, which also…

No.1 Bent Street rescued from voluntary administration – hospitality – Australian Hospitality Magazine

29 January, 2019 by Hospitality Magazine Mike McEnearneys Sydney city restaurant, No.1 Bent street is out of voluntary administration after creditors voted for the deed of arrangement, according to Good Food. AdministratorsHoganSprowles were appointed on 29 November, with creditors then meeting on 11 December to consider the companys financial future. Advertisement … Read the full…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Dear Sir/ Madam, Sub: Notice of Seventh Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you…

Ushdev International Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

With the reference to the above captioned subject, we hereby inform you that 15th meeting of the Committee of Creditors (CoC) will be held on February 02, 2019 at 11:30 am, at the State Bank of India, Stressed Assets Management Branch-II, Raheja Chambers, 1st Floor, B Wing, Free Press Journal Marg, Nariman Point, Mumbai- 400021.…

Building company Martin Building Services has gone into liquidation – The Maitland Mercury

Martin Building Services, liquidation ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and owner Denis Martin. James Shaw, a partner of Shaw Gidley…

Performance security a must for corporate resolution, says IBBI – The Hindu BusinessLine

The Insolvency and Bankruptcy Board of India (IBBI) has mandated resolution applicants to furnish performance security in corporate insolvency process. This has been stipulated to ensure that corporate resolution plans, once approved, are not withdrawn on a whim. The idea is to encourage only those resolution applicants who are genuine, credible, and capable of submitting…