Nic Fildes, Telecoms Correspondent April 9, 2018 Print this page Avanti Communications, the UK satellite company, has warned that it will be put into administration unless shareholders accept a debt-for-equity swap that would allow it to raise fresh funding. If approved, the proposed swap would leave US bondholders, led by Solus Funds, controlling 42 per…
KOLKATA: Any move to liquidate Facor, one of Indias oldest producers of ferro alloys undergoing insolvency resolution, can be implemented only after the National Company Law Appellate Tribunal (NCLAT) rules on Facors appeal against an NCLT Kolkata order for initiation of bankruptcy resolution process. Facors committee of creditors (CoC) rejected all resolution plans and conveyed…
Firm Appointee/Solicitor Role Company Name Published Date Auxilium Partners Robert Allan Jacobs liquidator Allmodern Corporation Pty Ltd 6/04/2018 Cor Cordis Jeremy Joseph Nipps administrator Hatch Trans Pty Ltd 6/04/2018 Hall Chadwick Brent Trevor-Alex Kijurina liquidator Million Dollar Makeovers Pty Ltd 6/04/2018 Worrells Solvency & Forensic Accountants Mervyn Jonathan Kitay liquidator Zafiro Pty Ltd 5/04/2018 PPB…
Former refugee Dai Le recounts a Vietnamese saying that was drilled into her as a child: If you hang around ink you become black, if you hang around light you become bright. She first heard the proverb – about the importance of surrounding yourself with good influences – while growing up in a refugee camp…
When Braj Binani took control of his family business nearly 20 years ago, it had spent well over a century in the Indian metals industry growing from a small trading house into a well-known zinc producer. But Mr Binani, not yet 40, had bigger plans founded on the groups new cement unit. With Indias economic…
April 9 (Reuters) – Satellite operator Avanti Communications said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million. The company, which is swapping its debt for equity, said if the restructuring is not…
Former refugee Dai Le recounts a Vietnamese saying that was drilled into her as a child: If you hang around ink you become black, if you hang around light you become bright. She first heard the proverb – about the importance of surrounding yourself with good influences – while growing up in a refugee camp…
Getting out of debt fast can feel like a far-fetched dream when faced with mounting debts. But debt is a reality in business; becoming debt-free is only possible after understanding how to manage debts. Read on for more tips. Business owners must understand that debt is unavoidable in running any type of business. The following…
Coard Hulse and Philip Roy Dawson – both from Wilmslow – ran the lease of the Saracens Head pub in Lymm, between 2006 and 2016. They were banned from 27 February 2018 from acting as directors of any company, directly or indirectly becoming involved in the promotion, formation or management of a company until February 2025.…
(Reuters) Satellite operator Avanti Communications <AVN.L> said on Monday it would likely have to be placed in some form of insolvency proceeding if it cannot complete its debt restructuring or is unable to raise at least $50 million (£35.48 million). The company, which is swapping its debt for equity, said if the restructuring is not…