The National Company Law Tribunal, Hyderabad, has ordered liquidation proceedings for Lanco Infratech Ltd. The NCLT Bench dismissed a petition filed by Power Mech Projects Ltd to consider a deadline extension to place a bid for Lanco Infratech. Ordering the appointment of Insolvency Resolution Professional (IRP) Savan Godiawala as the official liquidator, NCLT Member Ratakonda…
The Congress today claimed that public-sector Gujarat State Petroleum Corporation (GSPC) owes Rs 12,000 crore in loans to various banks, and accused the Narendra Modi government of trying to prevent the company from being declared bankrupt. Senior Congress leader Jairam Ramesh claimed at a press conference that a Rs 20,000-crore scam has come to…
Warsaw District Court has declared the WSE-listed IT company Indata bankrupt. The creditors now have 30 days to submit their claims (if they were not disclosed in the proper registry). Among the companys debt are two series of bonds issued late last year worth PLN 1 million each. Indata is a holding of IT companies.…
The Real Housewives of Beverly Hills star Dorit Kemsleys husband, Paul PK Kemsley, is facing a multi-million dollar lawsuit from a casino in Las Vegas. According to a new report, the Bellagio Hotel and Casino has accused PK, the manager of iconic musician Boy George, of breaching a settlement that required him to make payments on a gambling…
Appleton Papers has changed its company name to Appvion, Inc. to reflect the full scope of its business. (PRNewsFoto/Appvion, Inc.) Register, or Login to view the article Advertisement
Builder Hickory Group has put subsidiary H Buildings into voluntary administration just days before the subsidiary was due to face a $13 million tribunal claim to replace the combustible cladding on four residential buildings. While calling in the administrator halts the claim by the 133 owners of apartments in the development in Melbourne’s inner eastern Richmond against the…
The Congress today claimed that public sector Gujarat State Petroleum Corporation (GSPC) owes Rs 12,000 crore in loans to various banks, and accused the Narendra Modi government of trying to prevent the company from being declared bankrupt. Senior Congress leader Jairam Ramesh claimed at a press conference that a Rs 20,000-crore scam has come to…
Synopsis L3 Technologies Inc. (NYSE:LLL) operates in three business units: Intelligence, Surveillance & Reconnaissance, or “ISR” (a combination of aerospace and sensor systems), Electronic Systems and Communication Systems. The company used to operate four business units, with Aerospace and Sensor Systems being separate business units. The share price is up modestly year to date with…
Citing a Reserve Bank of India (RBI) notification, senior Congress leader Jairam Ramesh on Monday said that the State Bank of India should declare Gujarat State Petroleum Corporation (GSPC) as bankrupt by 5 p.m. The Congress leader said, On February 12, 2018, RBI issued a circular stating any company that owes more than Rs 20,000…
This is to inform you that the Honble National Company Law Board, Kolkata Bench II, vide its order dated 21st August 2018 has passed the liquidation orders of Eastern Gases Limited under section 33 of the Insolvency and Bankruptcy Code, 2016. I, Kuldeep Verma having IP Registration No. IBBI/IPA-001/IP-P00014/2016-17/10038 have been appointed as Liquidator of…