The Kolkata Bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The Division Bench completed hearing all petitions excepting the one filed by the Resolution Professional (RP) alleging fraudulent transactions involving the promoters of Binani Cement. A total of 14 petitions were…
JAMIE Oliver’s business woes have deepened with his Australian restaurant group falling into voluntary administration. The celebrity chef’s UK restaurants have been in financial strife amid rising costs and consumer caution, partly as a result of the Brexit vote, and his Canberra venue has now been closed. The Jamie Oliver Restaurant Group Australia, which operated…
NorthCapital Holding ApS is an international investment company with its registered office in Copenhagen, Denmark. It is primarily active in the fields of gemstones, oil and gas. However, the company also invests in companies of the financial and production sector. Thus, within the scope of its merger & acquisition strategy, the company today acquired Starz…
Controversial property developer Salim Mehajer has been found guilty of intimidating his ex-wife when he emailed and messaged her in 2017. Magistrate Jacqueline Trad on Tuesday rejected Mehajer’s “confusing” and “self- serving” evidence that he hadn’t sent certain emails and an Instagram message to ex-wife Aysha Learmonth. Play Video Don’t Play North Shore rapist denies…
The Kolkata bench of National Company Law Tribunal (NCLT) on Tuesday reserved its order in the ongoing corporate insolvency resolution process of Binani Cement. The Division Bench completed hearing all petitions excepting the one filed by the Resolution Professional (RP) alleging fraudulent transactions involving the promoters of Binani Cement. The 270-days moratorium period for Binani…
Expressions of interest (EoI) for the assets of bankrupt Moser Baer Solar are likely to be invited this week, resolution professional Arvind Garg announced. The company owes over Rs 1,000 crore to a number of lenders. April 24, 2018pv magazine In November 2017, the Indian manufacturer and EPC contractor was taken to the New Delhi…
International law firm Hogan Lovells announced that bankruptcy lawyers Richard Wynne, Bennett Spiegel, and Erin Brady have joined the firms Business Restructuring and Insolvency (BRI) practice as partners in Los Angeles. All three are recognized leaders in their practice, with significant experience advising debtors, creditors, creditors’ committees, bondholders, trustees, and buyers across a wide range…
ROHNERT PARK, Calif., April 24, 2018 /PRNewswire/ — Columbia University’s medical school announced recently that the school is implementing a new scholarship program that would replace loans with scholarship funds for students who qualify for financial aid. This new effort to reduce loans will likely be welcome by many medical students attending Columbia since medical…
Staff at Begbies Traynor are marking the 25th anniversary of its office in Preston during which time the 30strong team has helped rescue hundreds of local businesses, saving thousands of jobs. The practice first came to Preston in 1993 when its founders opened the office in Winckley Court. Then known as Buchler Phillips Traynor, the…
The Mumbai Bench of the National Company Law Tribunal has admitted ICICI Banks plea to initiate corporate insolvency resolution process against Unimark Remedies Ltd to recover an outstanding loan of about Rs 149 crore. Corporate insolvency resolution process (CIRP) is the process of resolution of insolvency of a corporate debtor (other than a financial service…