Insolvency Guardian Media Centre

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Australians were addicted to debt. Now were breaking the addiction. The new question is whether we can survive the withdrawal
Sub: Implementation of the Resolution Plan / Capital ReductionThis is in continuation of our earlier intimation dated 05th February 2019
Husband and wife, Dawn and Jacob Goulde, of Hatch End, North West London, were the directors of London and Berkshire
Husband and wife, Dawn and Jacob Goulde, of Hatch End, North West London, were the directors of London and Berkshire
A CONCRETER claims he is owed $41,000 by a Gold Coast shed building business that has gone into liquidation twice.
Stuart McDonald (37), of Dyce, Aberdeen, was the solely appointed director of Northern Motors (Aberdeen) Limited from September 2013 having
Sub: Supervision of the Resolution PlanThis is in continuation of our earlier intimation dated 05th February 2019 regarding resolution plan
Stuart McDonald (37), of Dyce, Aberdeen, was the solely appointed director of Northern Motors (Aberdeen) Limited from September 2013 having
CHARLOTTE, N.C.--(BUSINESS WIRE)--EnPro Industries, Inc. (NYSE: NPO) today announced its financial results for the three-month and twelve-month periods ended December
Disclosure of Updated List of Creditors of SRS Limited displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate
A Vancouver man is accused of stealing about $65,000 from multiple local construction companies and people in the industry to
ClusterVision, European HPC specialists that have built and installed over 20 Top500-ranked systems in their nearly 17-year history, appear to

Australians were addicted to debt. Now were breaking the addiction. The new question is whether we can survive the withdrawal symptoms.

Australians are reducing debt in many places. We are cutting the value of loans but also the number of them. We are borrowing less for investment housing but also for owner-occupier. Were limiting housing debt and also personal debt. This is wide-scale change.

Australias household debt levels got worryingly high. We have $1.8 trillion in housing debt, and it has been rising fast. So a bit of caution is good news. But going cold turkey on debt is concerning too.

We divide the economy up into three parts households, government and business. Government and business debt are not especially high at the moment….

Read the full article at: https://www.news.com.au/finance/economy/australian-economy/australias-18-trillion-ticking-time-bomb/news-story/24a0e6bc727525dd95d6d835e5b4fbe3

Sub: Implementation of the Resolution Plan / Capital Reduction

This is in continuation of our earlier intimation dated 05th February 2019 regarding resolution plan which was approved by NCLT, Chennai vide its order dated 01st February 2019 under the Provisions of IBC, 2016.

Pursuant to the Resolution Plan a capital reduction is proposed and the capital of the fully paid up equity shareholders shall be reduced to 10% and consequently the existing 2.36 Crores number of shares shall be reduced to 0.236 Crores.

The Stock exchanges will be intimated in due course for effecting capital reduction.

This is for your information and record.

Pdf Link:
Bafna Pharmaceuticals Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Ins…

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/bafna-pharmaceuticals-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26268368.ece

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Husband and wife, Dawn and Jacob Goulde, of Hatch End, North West London, were the directors of London and Berkshire Limited. Incorporated in August 2009, the company was concerned with property valuation and surveying.

Just six years later, however, London and Berkshire was shut down by the courts in June 2015 following a petition by the tax authorities to wind-up the company.

The Official Receiver was appointed by the court to undertake the liquidation, as well as carry out investigations into why the company failed and the conduct of the directors.

Investigations established that Dawn and Jacob had personally benefited from payments taken out of the companys bank accounts of at least 182,000. The payments were made between …

Read the full article at: https://www.miragenews.com/property-bosses-to-pay-thousands-after-abusing-company-accounts/

Husband and wife, Dawn and Jacob Goulde, of Hatch End, North West London, were the directors of London and Berkshire Limited. Incorporated in August 2009, the company was concerned with property valuation and surveying.

Just six years later, however, London and Berkshire was shut down by the courts in June 2015 following a petition by the tax authorities to wind-up the company.

The Official Receiver was appointed by the court to undertake the liquidation, as well as carry out investigations into why the company failed and the conduct of the directors.

Investigations established that Dawn and Jacob had personally benefited from payments taken out of the companys bank accounts of at least 182,000. The payments were made between January…

Read the full article at: https://www.gov.uk/government/news/property-bosses-to-pay-thousands-after-abusing-company-accounts

A CONCRETER claims he is owed $41,000 by a Gold Coast shed building business that has gone into liquidation twice.

Redland tradie Jason Quick says he is still chasing payment for dozens of slabs he put down for the Jacobs Well firm, Queensland Shed Market.

Mr Quick had been working for the company for four months in May 2018, laying slabs for the sheds in the Gold Coast, Logan and Beaudesert region.

“I did about 15-20 jobs all up and then all of a sudden we stopped hearing back,” Mr Quick said.

After non-payment of his invoices in October, Mr Quick said he tried to contact the company and was promised payment if he continued his work.

“When I realised I was not going to get paid I went straight to the owners of all the …

Read the full article at: https://www.themorningbulletin.com.au/news/twice-liquidated-shed-company-still-operating/3647323/

Stuart McDonald (37), of Dyce, Aberdeen, was the solely appointed director of Northern Motors (Aberdeen) Limited from September 2013 having first been appointed a joint director in June 2007.

Incorporated in 2006, Northern Motors traded as a car dealership in Dyce, Aberdeen while also offering repair and maintenance services.

But 10 years later, Northern Motors ceased to trade in August 2016 shortly after an Enforcement Order was granted to Aberdeen Trading Standards (ATS) against the company in connection with several breaches of the Enterprise Act 2002.

The Enforcement Order required Stuart McDonald to stop acting against the interest of customers and was granted in connection with complaints about Northern Motors received by Aberd…

Read the full article at: https://www.gov.uk/government/news/aberdeen-car-dealer-banned-for-seven-years

Sub: Supervision of the Resolution Plan

This is in continuation of our earlier intimation dated 05th February 2019 regarding resolution plan which was approved by NCLT, Chennai vide its order dated 01st February 2019 under the Provisions of IBC, 2016.

Pursuant to the Resolution Plan a Monitoring Committee has been formed with the following members / representatives:
Mr. Radhakrishnan Dharmarajan
Mr. Spurgen David – Representative from SBI
Mr. Nagabhusanam – Representative from IDBI
Mr. M. Sridhar and Ms. S. Hemalatha – Representatives from Corporate Debtor

Pdf Link:
Bafna Pharmaceuticals Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP)

Source : BSE – www.bseindia.com

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/bafna-pharmaceuticals-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article26268367.ece

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Stuart McDonald (37), of Dyce, Aberdeen, was the solely appointed director of Northern Motors (Aberdeen) Limited from September 2013 having first been appointed a joint director in June 2007.

Incorporated in 2006, Northern Motors traded as a car dealership in Dyce, Aberdeen while also offering repair and maintenance services.

But 10 years later, Northern Motors ceased to trade in August 2016 shortly after an Enforcement Order was granted to Aberdeen Trading Standards (ATS) against the company in connection with several breaches of the Enterprise Act 2002.

The Enforcement Order required Stuart McDonald to stop acting against the interest of customers and was granted in connection with complaints about Northern Motors received b…

Read the full article at: https://www.miragenews.com/aberdeen-car-dealer-banned-for-seven-years/

CHARLOTTE, N.C.–()–EnPro Industries, Inc. (NYSE: NPO) today announced its financial results
for the three-month and twelve-month periods ended December 31, 2018.

Consolidated and Pro Forma Financial Highlights

(Amounts in millions except per share data and percentages)

Results for the Quarter Ended

December 31

Consolidated 1

Read the full article at: https://www.businesswire.com/news/home/20190213005856/en/EnPro-Industries-Reports-Results-Fourth-Quarter-Full

Disclosure of Updated List of Creditors of SRS Limited displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 pursuant to Regulation 30 read with Clause 16(e) of Para A of Part A of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Pdf Link:
SRS LTD. – Corporate Insolvency Resolution Process (CIRP)-List of Creditors

Source : BSE – www.bseindia.com

Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/srs-ltd-corporate-insolvency-resolution-process-cirp-list-of-creditors/article26256186.ece

A Vancouver man is accused of stealing about $65,000 from multiple local construction companies and people in the industry to help pay off more than $200,000 in gambling debts.

Travis W. Saban, 45, appeared Wednesday in Clark County Superior Court on suspicion of first-degree theft. Judge Scott Collier granted Saban supervised release; he will be arraigned Feb. 26.

On Dec. 13, 2018, Scott Aldinger, owner of Precision Construction Services Inc., contacted the Vancouver Police Department to report that Saban, an employee and project manager, had been stealing from the company and many other people in Clark Countys construction industry, according to an affidavit of probable cause.

Saban placed …

Read the full article at: https://www.columbian.com/news/2019/feb/13/vancouver-man-accused-stealing-65000-effort-pay-200000-gambling-debt/

ClusterVision, European HPC specialists that have built and installed over 20 Top500-ranked systems in their nearly 17-year history, appear to be in the midst of bankruptcy proceedings. According to Dutch news site Drimble, three companies doing business as ClusterVision have been declared insolvent in the Netherlands, where ClusterVision is headquartered.

The notice reports that Clustervision BV, Clustervision Holding BV and Mpci Group were all declared bankrupt on February 12, 2019. Weve reached out to ClusterVision for comment have not yet received a response at time of publishing. We expect to have updates as the story develops.

Founded in 2002 by Alex Ninaber (the companys CEO), Matthijs van Leeuwen and Arijan Sauer, ClusterVision …

Read the full article at: https://www.hpcwire.com/2019/02/13/clustervision-in-bankruptcy/

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