The Bon-Ton Stores, Inc. in Discussions with Going-Concern Bidder – Markets Insider

MILWAUKEE, March 30, 2018 /PRNewswire/ — The Bon-Ton Stores, Inc. (OTCQX: BONT) (“the Company”) today announced that it is in active discussions with interested parties in respect of a going-concern bid to acquire the Company in a Bankruptcy Court-supervised sale process. As a result of these discussions, Bon-Ton sought and received approval from its lenders…

Intimation For Extension Of Time In Completion Of Corporate Insolvency Resolution Process (CIRP) Of Supreme Tex … – Hindu Business Line

That in terms of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 and this is further to our intimations regarding the application filed by Allahabad Bank for initiation of Corporate Insolvency Resolution Process (CIRP) for Supreme Tex Mart Limited under Insolvency and Bankruptcy Code, 2016 (IBC 2016) before National Company Law Tribunal,…

Snicko Cricket Australia – it’s just not cricket – Michael West News

Australians hold their young cricketers to a far higher standard than their politicians and business leaders. The following analysis of Cricket Australia, the sports governing body, is a case in point a litany of rule-breaking. Amid the nationwide hand-wringing and the deluge of media coverage of the Australian cricket teams ball-tampering, Australian captain Steve Smith…

Registration norms for insolvency professionals get a makeover – Business Line

The Insolvency and Bankruptcy Board of India (IBBI) has sought to streamline the process and criteria for registration of an insolvency professional (IP), seeking to institutionalise this important pillar of the Insolvency and Bankruptcy Code (IBC). Insolvency resolution professionals determine the life and death of a company in the insolvency process. The IBBI move to…

Snap To Fire 100 Engineers In Its Latest Layoff Round – PYMNTS.com

Share Tweet Share Share Share Print Email Snap, the parent company and creator of disappearing messaging app Snapchat, is laying off around 100 employees in order to focus on advertising. According to news from Bloomberg, citing people familiar with the matter, the additional layoffs represent the last step of the companys restructuring process, which kicked off in the…