Insolvency Guardian Media Centre
Dear Sir / Madam,
We would like to inform you that the brief particulars of the invitation for expression of interest in Form G as required under the applicable provisions of the Insolvency and Bankruptcy Code, 2016 read with rules and regulation made thereunder has been published on the website of the corporate debtor. The Form G is also sent to Insolvency and Bankruptcy Board of India to publish the same on their website. The copy of Form G is enclosed herewith as Annexure A.
You are requested to take the same on record.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/sterling-biotech-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article25908603.ece
LACONIA It is better to give than to receive, so the Scriptures tell us.
A group of current and former Laconia residents have been putting that saying into practice by giving money to the Laconia schools lunch program to help offset its growing deficit.
Lynn Brody Keltz was inspired to make the first donation in early November when she saw a posting on Facebook which read, Wanna give back? Call your local school and ask to pay overdue lunch accounts for kids. Kids have bigger worries than whether or not theyre able to eat or not that day.
She shared the post with her Facebook friends many of them other members of the Laconia High S…
Read the full article at: https://www.laconiadailysun.com/news/local/donors-help-to-reduce-school-lunch-debt/article_9415e8a2-03c3-11e9-9e6c-dbad34b6aacd.html
Digital sports business 20Four has gone into liquidation less than two years after launch.
The business was originally started by Scott Briggs, Anthony McConville, Anthony Dunlop and former Carlton player Adrian Gleeson, and led by CEO Chris Haigh,and was created to show what life is like as a professional athlete in competition and everyday life.
20Four officially launched in 2017
Doubt about the future of the sports site, which boasted talent such as Benji Marshall, Paul Gallen, Billy Slater, Tayla Harris and Lizzie Welborn, ignited after a notice was made by parent company, Chapmans Limited, in September.
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It has now been revealed 20Four went into liquidation on 21 December, with Chapmans which had a 39% stake in the busi…
Read the full article at: https://mumbrella.com.au/digital-sports-platform-20four-goes-into-liquidation-559054
Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Yangtze Riv, Jan. 03, 2019 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or entities who purchased or otherwise acquired Yangtze River Port and Logistics Limited ( YRIV) securities between February 2, 2016 and December 5, 2018 (the Class Period). Investors have until March 4, 2019 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
Click here to participate in the action.
The complaint alleges that throughout the class period defendants made false and/or misleading statements and/or failed…
Read the full article at: https://www.gurufocus.com/news/794462/bragar-eagel–squire-pc-announces-that-a-class-action-lawsuit-has-been-filed-against-yangtze-river-port-and-logistics-limited-yriv-and-encourages-yriv-investors-to-contact-the-firm
NEW YORK–(BUSINESS WIRE)–The law firm of Kirby
McInerney LLP announces that a class action lawsuit has been filed
in the U.S. District Court for the Eastern District of New York on
behalf of those who acquired Yangtze River Port & Logistics Limited
(Yangtze or the Company) (NASDAQ:YRIV)
securities during the period from February 2, 2016 through December 5,
2018 (the Class Period). Investors have until March 4, 2019 to apply
to the Court to be appointed as lead plaintiff in the lawsuit.
The lawsuit alleges that Yangtze and certain senior executives made
false and/or misleading statements and/or failed to disclose that: (1)
Yangtzes purported lease of…
Read the full article at: https://www.businesswire.com/news/home/20190103005759/en/INVESTOR-ALERT-Kirby-McInerney-LLP-Announces-Filing
The start of a new year is an opportunity to reset and refocus on all the goals you missed out on last year. For many people, a great place to begin getting on track for the life you want means financial stability. Especially hot off the tails of the holiday season, now is a good time to consider how youre going to tackle your debt in 2019.
A great first step is consolidating yo…
Read the full article at: https://www.kansascity.com/news/local/community/joco-913/joco-diversions/article223882470.html
About 1,415 Connecticut residents who attended institutions run by the for-profit education company, Career Education Corp., will receive debt relief as a result of a national settlement with 49 state attorneys general, including Attorney General George Jepsen.
Jepsen announced Thursday that Career Education Corp. has agr…
Read the full article at: https://www.ctpost.com/local/article/Connecticut-residents-get-college-debt-relief-13506994.php
For-profit education company Career Education Corporation misrepresented the cost of attendance and job placement rates to its students
OLYMPIA More than 3,000 Washingtonians will receive more than $7.6 million in debt relief from Career Education Corporation (CEC), a for-profit higher education company, as part of Attorney General Bob Fergusons legal action over the companys use of deceptive practices to attract potential students. CEC owned and operated two campuses in Washington until they closed down.
The most debt relief an individual Washington student will receive is $59,000. The median amount of debt relief is $1,463.
In addition to debt relief and other injunctive terms, the company is legally required to disclose to prospectiv…
Read the full article at: http://www.atg.wa.gov/news/news-releases/ag-ferguson-obtains-more-7m-student-debt-relief-thousands-washingtonians-profit
The lenders held its last meet on Wednesday.After UK-based Liberty House has failed to make the upfront cash payment within the stipulated time for acquiring bankrupt Adhunik Metaliks (AML) under the Insolvency and Bankruptcy Code (IBC), lenders to the steelmaker are not opting for liquidation at this point of time as many companies have shown interests in buying the debt-ridden firm under the insolvency resolution process. In order to reach a preferred outcome, the lenders may negotiate with Maharashtra Seamless, the second highest bidder (H2), to resolve this case of corporate insolvency.
Last month the lenders had rejected an offer of Liberty House, a part of Sanjeev Gupta-led GFG Alliance, to pay an outstanding of around `4…
Read the full article at: https://www.financialexpress.com/industry/adhunik-metaliks-case-lenders-may-negotiate-with-second-highest-bidder/1432887/
Three major insurance companies are suing PG&E over the billions of dollars in claims they expect to face from the Camp Fire.
The lawsuits, by Allstate Insurance Co., State Farm and USAA, represent another potentially staggering blow to PG&E, which has already acknowledged that problems occurred on a high-voltage transmission tower near the spot where the fire started Nov. 8. Mu…
Read the full article at: https://www.sacbee.com/news/state/california/fires/article223870985.html
The former chief executive and owner of defunct airline Air Australia was closely involved in the operations of recently collapsed budget travel booking service Bestjet, documents reveal.
Guardian Australia reported on Wednesday that the Queensland-based budget airfare company Bestjet and its subsidiaries, Wynyard Travel Pty Ltd and Brooklyn Travel Pty Ltd, went into voluntary administration on 18 December.
Its wind-up has left travellers who booked flights through the company thousands of dollars out of pocket and searching for answers.
I really havent heard anything, and I dont hold out much hope that Im going to see the money again, said Paul, who spent just under $6,200 on flights for his family to visit Greece in November.
Its my 5…
Read the full article at: https://www.theguardian.com/australia-news/2019/jan/04/former-head-of-failed-air-australia-was-involved-with-bestjet-before-collapse
Jaitley said had started receiving corporate insolvency cases by the end of 2016 and so far 1,322 cases have been admitted by it. Photo: Mint
New Delhi: Finance Minister Arun Jaitley Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely to be realised by March-end. Accusing the Congress of leaving behind a legacy of an anachronic system of resolving commercial insolvency, Jaitley said the NDA government acted swiftly to recover the non-performing loans and legislated the insolvency and bankruptcy code (IBC).
He said National Company Law Tribunal (NCLT) had started receiving corporate insolvency cases by the end of 2016 and so far 1,322 cases have been admitted b…
Read the full article at: https://www.livemint.com/Home-Page/vMy6Ky0YMCuyC0xKs5Df2M/NCLT-helped-creditors-recover-Rs-80k-cr-Rs-70k-cr-more-to-b.html