85 SumoSalad stores have been placed into administration, but administrators say its business as usual for the healthy eating food chain. Last week the stores were placed into administration, with the group appointing Peter Gothard and Morgan Kelly from financial advisory and restructuring firm Ferrier Hodgson as administrators. Last year, Founder Luke Baylis placed some stores…
Ithmaar Holding, Emirates NBD Bank, First Abu Dhabi Bank, United Arab Bank, Waha Capital and Al Qudra Holding among those with a degree of exposure to private equity group Read below: updates through the week as companies declare if they have limited exposure to Abraaj UAE stock markets closed higher after the first disclosures on…
Dear Sir / Madam, We would like to inform you that meeting of the 01st Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Thursday, 26th July 2018 at 10:00 A.M. at Mayfair Banquets, 254-C Dr. Annie Besant Road, Worli Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra. You are requested to take…
Shui Ping Lee, also known as David Lee and David Shui Ping Lee, was the sole director of Goodwin Ichiban Limited (Goodwin). The company was incorporated in June 2011 and traded as Ichiban Noodle café and Ichiban Fusion from 184 Dumbarton Road, Glasgow. In January 2017, Home Office Immigration Enforcement requested evidence of the document…
Sumo Salad’s battle with landlords takes its toll, administrators in charge. The battle with retail landlords has taken its toll on the Sumo Salad group which has been placed in the hands of voluntary administrators for the second time in a little over a year. Morgan Kelly and Peter Gothard, of Ferrier Hodgson, have…
Australian food retailer SumoSalad has placed itself into voluntary administration in order to give the company some breathing space and help the owners restructure the business. In a statement, the company revealed its management had placed the company into administration as part of a long-term strategy to restructure and extend the brand. However they stressed…
Image courtesy of Doughnut Time Facebook Just four months after going into administration and liquidation, new owners have announced the revival of Doughnut Time under new owner Pete Andros, with the first stores to relaunch August 1. A post on the companys Facebook page earlier this week noted the brand was coming back and would be…
Photo: Pradeep Gaur/Mint New Delhi: The Insolvency and Bankruptcy Board of India and the insolvency resolution professional for Jaypee Infratech Limited (JIL) urged the Supreme Court on Wednesday to revive corporate insolvency resolution process for the debt-ridden company and constitute a fresh committee of creditors in the light of the peculiar facts of the case.…
Seven West-backed video service Crowdspark, formerly New Zulu, has gone into liquidation following a strategic review by the companys management. The ASX-listed user-generated content management company promised to make everyone with a smartphone a potential journalist and at one stage was endorsed by Pauline Hanson. Crowd Spark was founded as New Zulu in 2012 ADVERTISEMENT Since…
Stating that an insolvent company cannot place a bid for another insolvent company, as many as nine associations of Jaypee homebuyers representing about 5,000 people, have opposed Jaiprakash Associates (JAL) proposal to reacquire Jaypee Infratech Ltd (JIL). The counsel for homebuyers argued before the Supreme Court on July 17 that JAL does not have the financial…