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Rostohar faces between two and 30 years in federal prison and a $1 million fine if convicted of one felony count each of bank fraud and aggravated identity theft, according to the U.S. Attorneys Office.
Rostohar was arrested on March 12 and ordered detained pending trial by a federa…
Read the full article at: https://mynewsla.com/crime/2019/03/29/studio-city-man-who-allegedly-embezzled-40-million-faces-federal-charges/
STAFF at troubled farm business Ceres Agricultural Companyhave been told to expect significant job losses after the company was placed in voluntary administration with advisory groupGrant Thornton.
In an internal memo sent to all staff from owner Garrick Hawkins on Thursday, staff were told the current business was unsustainable and Ceres would be closed.
It is understood meetings are being held with staff this morning.
According to its website, Ceres Agricultural Company manages 30,000 hectares of grazing and cropping land in the central tablelands and north-west slopes of NSW.
The 15 properties operated by Ceres include: Ballyroe and Mayfield at Oberon; Gunyerwarildi, Postmans, Brentwood, Lava Downs and Inverness at Warialda; and Brudle P…
Read the full article at: https://www.queenslandcountrylife.com.au/story/5980948/ceres-agricultural-placed-in-voluntary-administration/
The Pool has been pushed into liquidation two months after the womens lifestyle website told staff and freelances it would go into administration.
Winding-uporderswere issued on 13 March in the High Court against owner The Pool (UK) Ltd after a petition by HM Revenue and Customs.
Companies House has todayissued an update about the court order, which forces an insolvent company into compulsory liquidation, but the file has not yet been published.
The Pool (UK) Ltds status is now shown as in liquidation.
Companies can apply for winding-up orders to be cancelled within five working days of their issue.
The Pools company director Domini…
Read the full article at: https://pressgazette.co.uk/the-pool-pushed-into-liquidation-two-months-after-administration-note-to-staff/
The Pool has been pushed into liquidation two months after the womens lifestyle website told staff and freelances it would go into administration.
Winding-uporderswere issued on 13 March in the High Court against owner The Pool (UK) Ltd after a petition by HM Revenue and Customs.
Companies House has todayissued an update about the court order, which forces an insolvent company into compulsory liquidation, but the file has not yet been published.
The Pool (UK) Ltds status is now shown as in liquidation.
Companies can apply for winding-up orders to be cancelled within five working days of their issue.
The Pools company director Domini…
Read the full article at: https://www.pressgazette.co.uk/the-pool-pushed-into-liquidation-two-months-after-administration-note-to-staff/
Introduction:
The Insolvency and Bankruptcy Code, 2016 (hereinafter referred to as IBC) undergoes to second amendment to ensure enforcement of the provisions of the Code aiming towards the fulfilment of its objective of time-bound resolution process. These amendments will make easier effective implementation and obtain desired results.
Following are the significant amendments introduced in the 2018:
(a) Home Buyers are recognised as Financial Creditors
In the matter of Jaypee Infratech Limited, the Supreme Court held that, home buyers have now been recognized as financial creditors under the IBC. This amendment has been carried out keeping in mind the peculiarity of under construction apartments in India where almost 25% to 30% of the proje…
Read the full article at: https://legaldesire.com/brief-analysis-of-the-major-amendments-to-insolvency-and-bankruptcy-code-2016-code-in-2018/
