Insolvency Guardian Media Centre
Dear Sir / Madam,
We would like to inform you that meeting of the 08th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 04th December 2018 at 02.00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India.
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-intimation-of-meeting-of-committee-of-creditors/article25624597.ece
MILAN, Nov 29 (Reuters) – Only three years after being declared bankrupt and demoted to the fourth tier of Italian football, a re-born Parma are on course to return to the European stage where they excelled in the 1990s.
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Read the full article at: https://au.eurosport.com/football/soccer-parma-on-course-for-europe-three-years-after-playing-in-fourth-tier_sto7030599/story.shtml
This is in reference to the captioned subject.
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 5th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (the Company) was held on November 20, 2018 to discuss the agenda items stated in the notice of the meeting.
The e-voting on the resolutions put to vote at the 5th meeting of the CoC of the Company commenced on Monday, November 25, 2018, at 12:00 p.m. and concluded on Tuesday, November 26, 2018 at 12:00 p.m.
The Resolution Professional (RP) has sought the approval of the members of the CoC for extension of the last date for submission of resolution plan to resolution professio…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/uttam-value-steels-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article25621176.ece
The Davyhurst plant
Latest News
Eastern Goldfields has announced that it maygo into voluntary administration followingthe collapse ofa $75 million recapitalisation.
The goldminer has proposed to adjourn its November 30 annual general meeting (AGM) until the end of January next year to allow its shareholders to consider the companys financial statements.
The AGM was initially scheduled to approve resolutions that would initiate the $75 million recapitalisation,whichEastern Goldfields declared wouldno longer proceed now.
Eastern Goldfields said in an ASX statement that itwas evaluating a number of alternative transactions, including voluntary administration, however these [transactions] are not yet at a stage where the company is in a position …
Read the full article at: https://www.australianmining.com.au/news/eastern-goldfields-signals-voluntary-administration/
Italian manufacturer Piaggio Aerospace declared insolvency on 22 November, asking for extraordinary administration that would allow them to restructure.
Piaggio manufactures and markets the P-180 Avanti Evo twin turbo-prop, which is aimed at the corporate and business aviation sectors. It is believed they are not selling well.
In December last year, Piaggio released a five-year turn-around plan that included a further investment of $US342 million from parent company Mubadala.
According to a statement from Piaggio, the turn-around plan failed in its key objective.
“Despite the commitment and hard work of everyone at Piaggio Aerospace, as well as the significant financial contribution made over the years by the shareholder, the key fundam…
Read the full article at: http://www.australianflying.com.au/latest/piaggio-aerospace-declares-insolvency
Liberal MP Raj Grewal told a party official last week that he had a gambling problem and had accumulated debt of more than $1-million, a source said.
Mr. Grewal held discussions last Wednesday with Liberal MP Mark Holland in which Mr. Grewal admitted he faced serious financial problems. Mr. Holland, who is the Chief Government Whip, then relayed the information to senior Liberal officials, including members of the Prime Ministers Office, the source said.
On Wednesday, Mr. Holland refused to discuss the details of his conversation with Mr. Grewal, citing the confidential nature of the exchanges.
The source, who was briefed on the matter, said the understanding was that Mr. Grewal had accumul…
Read the full article at: https://www.theglobeandmail.com/politics/article-raj-grewal-told-liberals-he-had-more-than-1-million-in-debt-source/
Professional and collegiate sports have historically feared one practice most heavily over anything else: gambling. The threat has been that if an athlete, official or coach became ensconced in major gambling debt, they might accept a bribe from a gambler to alter their performance. Fan confidence in
Professional and collegiate sports have historically feared onedanger above all others, gambling. The threat has been that if an athlete, official or coach became ensconced in major gambling debt, they might accept a bribe from a gambler to alter their performance. Fan confidence in sports is based on the premise that the games are played on a level playing field. Two heavily motivated teams giving peak performance playing with the same…
Read the full article at: https://www.forbes.com/sites/leighsteinberg/2018/11/28/sports-gambling-is-evolving-more-rapidly-than-we-expected/
The company that runs an awards event promoted as the working womens Oscars is being liquidated with debts of more than 100,000.
But the couple who already run the Venus Awards are planning to buy it back out of liquidation and keep going.
This years Dorset Venus Awards went ahead at Bournemouths Hilton Hotel on Friday, with assurances that everyone involved was being paid.
A resolution to voluntarily wind up Venus Awards Ltd was passed in August, shortly after its name was changed to Company 07794190 Limited.
Documents lodged at Companies House show the company owed more than 70,000 to HM Revenue and Customs.
It also owed 16,882 to BH Live, which operates the BIC, where the 2017 Dorset Venus Awards were held. Sole…
Read the full article at: https://www.dorsetecho.co.uk/news/17259013.company-behind-venus-awards-files-for-insolvency/
Gionee is on the verge of bankruptcy after owing money to financial institutions, suppliers, and advertising and marketing agencies. The total debt is around CNY17 billion (about $2.45 billion), not without the handy help of its chairman Liu Lirong, who lost CNY1 billion while gambling in a casino.
In a meeting between company representatives and suppliers, Gionee reportedly stroke a deal with major suppliers, but nearly 400 smaller companies are yet to hear what will happen with the money they are owed. If restructuring is not a viable option, Gionee will go into liquidation.
Beijing Youth Daily reported the meeting is happening after 20 major suppliers filed a lawsuit with the Shenzhen Peoples Court for missed payments from Gionee…
Read the full article at: https://www.gsmarena.com/gionee_faces_bankruptcy_fail_pay_suppliers-news-34440.php
Bluethorne Trading Limited was wound up in the public interest at the High Court on 20 November 2018, with the Official Receiver appointed as liquidator.
The company claimed to be an interior design business, operating from an office in Medway, Kent.
But the Insolvency Service was made aware of complaints about Bluethorne Trading and following an investigation, the High Court ordered the company be put into provisional liquidation on 28 September following a petition presented by the Secretary of State.
It was discovered that the company relied on false and inflated accounts to give the impression it was a profitable business in order to apply for credit for a wide variety of products, some not typically associated with their stated …
Read the full article at: https://www.gov.uk/government/news/court-shuts-down-fraudulent-interior-design-company
Security guards patrol in front of the Kyiv office of Russian state-owned VTB bank on Feb. 20.
Photo by Volodymyr Petrov
Ukraines central bank declared the Ukrainian subsidiary of Russian state lender VTB insolvent due to its declining liquidity and worsening financial position, the central bank said on No…
Read the full article at: https://www.kyivpost.com/business/reuters-ukraine-central-bank-declares-russian-vtb-subsidiary-insolvent.html
Portfolios put into run-off with Darag.
New Nordic Advisors has put its wholly-owned Danish subsidiary Qudos Insurance into liquidation with immediateeffect.
The unrated Copenhagen-headquartered insurer was closed to new business on 18 October.
The investment management company said it had made the latest move after a review of the insurance companys position.
It explained that a number of retrospective reinsurance treaties had been opened with legacy specialist Darag to de-risk Qudos and provide a solution for policyholders.
The firm did not detail which portfolios were in the deal but stated that both parties were continuing to explore whether similar solutions can be brought to bear for oth…
Read the full article at: https://www.insuranceage.co.uk/insurer/3718381/unrated-danish-insurer-goes-into-liquidation