Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – Hindu Business Line (satire) (press release) (blog)

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…

Why SumoSalad has placed itself into voluntary administration – SmartCompany.com.au

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…

Seven West-backed user-generated video platform Crowdspark goes into liquidation – MuMbrella

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…

An insolvent company cannot place a bid for another insolvent company: Homebuyers to SC – Moneycontrol.com

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…

Vehicle training company collapses, leaving workers and students in lurch – Ballarat Courier

Workers and students alike have been left in the lurch after a Delacombe-based training provider went into liquidation late last week.  Journey Management in Delacombe was locked on Monday morning. Picture: Luka Kuazlaric Staff at Journey Management in Kennedys Drive, Delacombe were informed the company had ceased to trade at close of business on Friday, July…

Journey over as training provider goes into liquidation – Warrnambool Standard

UPDATE 1.50pm: The state governments education and training department spokeswoman Katie Elliott said Journey Management Group had entered into liquidation and ceased training.  The department will be in contact with all Victorian Government-funded students explaining their options for further training, she said. This is a difficult time for students and we will help them complete their…