Brian Anderson Snr (61), from Irvine, was appointed a joint director of Anderson Builders Limited in August 2014 before becoming the sole appointed director in June 2015.
Anderson Builders was involved in the construction of commercial buildings but the companys performance struggled before it had to cease trading in February 2017.
Independent insolvency practitioners were appointed to wind-up the company but were hampered as Anderson Builders had failed to maintain or preserve adequate company records.
Further investigations by the Insolvency Service into the company and the conduct of Brian Anderson while a director confirmed that between August 2014 and February 2017 the company failed to maintain or preserve adequate compa…
Read the full article at: https://www.miragenews.com/court-bans-irvine-contractor-for-dereliction-of-director-duties/
What Happened
In this case, Edelweiss ARC alleged that Kothari settled a dispute with Reliance Infrastructure for Rs 9.65 crore compared with the original claim of Rs 30 crore without informing the lenders.
According to the petition, Abhijeet MADC Energy in 2007 agreed to build a 271-megawatt power plant in Nagpur for the Maharashtra Airport Development Company Ltd. Against the total cost of Rs 1,500 crore, it borrowed Rs 1,200 crore. It also struck an agreement with Reliance Infrastructure, an Anil Ambani group company, in 2010 to sell 55MW power.
In the years that followed, Reliance Infrastructure failed to release claims worth over Rs 30 crore raised by Abhijeet MADC Energy, which moved the Maharashtra Electricity Regulation Commission i…
Read the full article at: https://www.bloombergquint.com/business/ibc-creditor-vs-liquidator-what-went-wrong-in-abhijeet-madc-energys-liquidation
One of the biggest topics as part of Activision Blizzards 2018 Q4 Quarter Earnings call was how the company plans to adjust to refocus on boosting revenue after new competition in 2018 effected the companys overall position in the gaming industry.
As part of that, the company stated that they intend to lay off 8% of their work force, which means 800 people will no longer have a job even after Activision Blizzard CEO said that 2018s revenue exceeded their expectations.
The company plans to prioritize game development across all parts of their business, and Call of Duty is also getting new attention within Activision.
During the call, Activision Blizzard Chief Operating Officer, Coddy Johnson, said that they are investing more resources into…
Read the full article at: https://charlieintel.com/activision-blizzard-plans-company-wide-restructuring-to-focus-on-delivering-more-content-to-players-including-call-of-duty/51769/
Bas Lansdorp is a Dutch entrepreneur who saw his dreams of colonizing Mars crumble into red dust after his company, Mars One, declared bankruptcy. The company was made up of a not-for-profit called the Mars One Foundation and a for-profit company called Mars One Ventures.
The idea behind Mars One was to colonize the red planet within the next five years. However, the details on how this dream would be achieved were always very sketchy and secretive.
Mars One Ventures, the Swiss-based side of the company, was declared bankrupt on January 15th. Its value at the time was around $100 million.
Meanwhile,Mars One Foundation is UK-based and is the dormant company. Lansdorp informedEngadget that theFoundation was still operating but cant act wi…
Read the full article at: https://all3dp.com/4/mars-one-space-colonisation-scam-company-declares-bankruptcy/
Brian Anderson Snr (61), from Irvine, was appointed a joint director of Anderson Builders Limited in August 2014 before becoming the sole appointed director in June 2015.
Anderson Builders was involved in the construction of commercial buildings but the companys performance struggled before it had to cease trading in February 2017.
Independent insolvency practitioners were appointed to wind-up the company but were hampered as Anderson Builders had failed to maintain or preserve adequate company records.
Further investigations by the Insolvency Service into the company and the conduct of Brian Anderson while a director confirmed that between August 2014 and February 2017 the company failed to maintain or preserve adequate company reco…
Read the full article at: https://www.gov.uk/government/news/court-bans-irvine-contractor-for-dereliction-of-director-duties
Details have emerged of a $17 million deal that could have saved online travel company Bestjet and potentially spared thousands of customers heavy losses.
A consortium claims it was in talks to buy the doomed Queensland company, five months before it collapsed, but pulled out when the operator came back to them with a list of outrageous demands.
A Memorandum of Understanding (MOU), signed in July last year, states the consortium would purchase 100 per cent of the issued shares in Bestjet Travel, Wynyard Travel, Brooklyn Travel and associated entities for $US12.887 million.
Read more 9Finance coverage of the Bestjet collapse here
Sources…
Read the full article at: https://finance.nine.com.au/2019/02/13/14/07/bestjet-collapse-deal-that-could-have-saved-airfare-company-australia-news
The Company informs your good Office that 12th, 13th and 14th Meetings of Committee of Creditors of Ricoh India Limited under Regulation 19 of the Insolvency and Bankruptcy Board of India Insolvency Resolution Process for Corporate Persons) Regulations, 2016 were held on 30 January 2019, 8 February 2019 and 11 February 2019.
This is a Post facto intimation of the meetings of Committee of Creditors.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/ricoh-india-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26256314.ece
NEW YORK, Feb. 12, 2019 (GLOBE NEWSWIRE) — Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Yangtze River Port and Logistics Limited (NASDAQ: YRIV) from February 2, 2016 through December 5, 2018, inclusive (the Class Period) of the important March 4, 2019 lead plaintiff deadline in the first filed case commenced by the Rosen Law Firm. The lawsuit seeks to recover damages for Yangtze River investors under the federal securities laws.
To join the Yangtze River class action, go to https://www.rosenlegal.com/cases-1476.html or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at 866-767-3653 or email [email protected] or [email protected] for information on the class action.
NO…
Read the full article at: https://globenewswire.com/news-release/2019/02/12/1724199/0/en/YRIV-MARCH-4th-DEADLINE-ALERT-Rosen-Law-Reminds-Investors-of-Important-Deadline-In-Securities-Class-Action-Lawsuit-YRIV.html
A small Dutch company which promised to establish a permanent colony on Mars, self-funding the unprecedented project with reality television deals, has been declared bankrupt.
The Mars One project was announced in 2012 with the aim of putting the first four humans on Mars in 2024. It claimed to have attracted interest from 200,000 peoplewho wanted to be selected as astronauts, with thousands paying a registration fee to be considered for one-way trips to Earths nearest planetary neighbour. The project attracted considerable interest from space exploration enthusiasts, despite the scientific community denouncing the project as completely unfeasible and even delu…
Read the full article at: https://eandt.theiet.org/content/articles/2019/02/controversial-mars-one-start-up-declared-bankrupt/