RattanIndia board approves steps under debt restructuring proposal – Business Standard

RattanIndia Power said on Tuesday that its board has approved a debt restructuring proposal which includes issuance of non-convertible debentures worth up to Rs 7,200 crore to investors on private placement basis. “In accordance with the terms of the Binding Settlement Proposal, the Board in this meeting approved (steps) with respect to composite debt…

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Tthe Nineteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 22 January 2019 at 02:00 PM at Ambition Room, Grant Thornton India LLP, 16th Floor, Tower II, India bulls Finance Centre, Senapati Bapat Marg, Elphinstone (W), Mumbai 400013, India. The outcome of the meeting is summarised as herein below: 1.…

Collapsed Napoleon Perdis to close 28 stores as administrators seek a buyer – SmartCompany.com.au

Administrators for collapsed cosmetics retailer Napoleon Perdis have closed half of the chains 56 stores in a bid to make the business more appealing to potential buyers. The eponymous chain, founded by Australian makeup mogul Napoleon Perdis, appointed administrators from Worrels last week. Administrators remain confident they can sell the business, citing significant interest but…

Wagga staff entitlements uncertain as Napoleon Perdis makeup store closes down – Daily Advertiser

news, latest-news, Waggas branch of the Napoleon Perdis makeup store chain has beenpermanently closedabout a week after its parent company went into voluntary administration. An unknown number of employees have lost their jobs and the payout of entitlements will depend on votes by the chains creditors. The citys Wagga Marketplace store, which was temporarilyshuton Thursday…