The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of a restructuring project in the past five years. Photo baogiaothong.vn HÀ NI The Government Inspectorate (GI) will conduct 25 crucial inspections this year, including scrutiny of the central banks implementation of…
Binani Industries in its submission before the Kolkata bench of National Company Law Tribunal (NCLT) on Monday said that it has filed an application before Supreme Court for setting aside the April 5 order passed by the National Company Law Appellate Tribunal (NCLAT). It has also prayed for the termination of insolvency proceedings against Binani…
In a significant development in relation to the Insolvency and Bankruptcy Code, 2016, the Supreme Court today issued notice to the Central government in a petition challenging the vires of various provisions of the Insolvency and Bankruptcy Code, 2016 (Code). Most importantly, the petition also assails all the appointments made to NCLT and NCLAT prior…
MILWAUKEE, April 9, 2018 /PRNewswire/ — The Bon-Ton Stores, Inc. (OTCQX: BONT) (“the Company”) today announced that it has received a signed letter of intent from an investor group composed of DW Partners, Namdar Realty Group (including its partner Mason Asset Management) and Washington Prime Group (the “investor group”), pursuant to which the investor group…
We Are Still a Nation at Risk, But We Can Avert By Listening to Consumers Opinion: Student Loan Borrowers Need Help Now, Or Their Debt Could Hurt Them, And This Country, For Decades to Come 3 Ways A Nation at Risk Gave Voice to a New Generation of Education Advocates 35 Years Later, Blockbuster Reagan-Era…
Calcutta: The Supreme Court will hear a special leave petition filed by Binani Industries to terminate the ongoing insolvency proceeding against subsidiary Binani Cement on Friday amidst protests from Dalmia Cement Bharat, which strongly objected to the proposed out-of-court settlement. Binani Industries filed the petition over the weekend, the Calcutta bench of National Company Law…
Unaudited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At March 31, 2018, the Company reported unaudited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $15.4 million, $1.3 million and $14.1 million, respectively. Assets in liquidation at March 31, 2018 included the $8.1 million…
Supreme will hear the case on April 13. Kolkata: Binani Industries, the parent company of insolvent Binani Cement, on Monday informed the National Company Law Tribunal’s Kolkata bench that it has moved the Supreme Court for termination of insolvency proceedings against its cement manufacturing subsidiary. The company said it had filed the application in the…
A team from Clifford Chance has advised global asset manager The Carlyle Group on its acquisition of Australias largest wine company. The transaction, valued at AU$1 billion for 100% of The Accolades Wine Group from CHAMP Private Equity and minority shareholder Constellation Brands, was led by Clifford Chance partner Andrew Cook in Sydney. “This deal…
Indias third largest software services firm Wipro Ltd. today said its profitability may be impacted by 65-75 basis points in the March quarter as one of its telecom clients is undergoing insolvency proceedings. Without naming the client, Wipro said it had signed a multi-year outsourcing services agreement with a telecom services provider in India in…