Automated dispensary distributor Dose Innovations enters administration – Pulse+IT

Written by Kate McDonald on 24 January 2018. Dose Innovations, which distributes the Rowa automated dispensary and inventory management system from Becton Dickinson (BD) to Australian pharmacies, has called in the administrators. The Brisbane firm, which set up by pharmacist Robert Allen in 2012 and has installed over 100 robotic systems in community pharmacies around…

President promulgates amendment to insolvency and bankruptcy law – Vantage Asia

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, dated 23 November 2017, was promulgated by President RN Kovind to amend the provisions relating to the insolvency resolution process contained in the Insolvency and Bankruptcy Code, 2016. The ordinance has made several amendments in order to bring clarity to the resolution process under the code. Some…

Edelweiss ARC, Srei arm among bidders for Adhunik Group firms – Financial Express

Twenty-four firms had expressed interest in submitting resolution plans for the four companiesAdhunik Metaliks, Orissa Manganese & Minerals, Zion Steel and Adhunik Alloys & Power. As many as eight entities, including Edelweiss Asset Reconstruction Company and SREI Infrastructure Finance, have submitted their proposed resolution plans for four bankrupt Adhunik Group companies, which are under the…

Singaporean Keppel announces liquidation of its indirect subsidiary in Azerbaijan – AzerNews

22 January 2018 12:07 (UTC+04:00) 286 By  Trend Singaporean Keppel Corporation Limited has announced about voluntary liquidation of Caspian Shipyard Company (CSC) in Azerbaijan, said a message on the corporations website. Keppel Corporation Limited (KCL) wishes to announce that its indirect subsidiary, Caspian Shipyard Company LLC has commenced a members voluntary liquidation following the expiration of…

DEADLINE: Kimberley Kampers told to pay employees, creditors – Northern Star

A TWO-month deadline has been set for Ballina-based caravan company, Kimberley Kampers, to pay back its employees and creditors after a rescue package was passed at this week’s creditors meeting. Sydney-based administrator Steven Nicols, of Nicols and Brien Business Recovery, said an overwhelming majority of the more than 50 employees and other stakeholders at the…