March 2019

Lenders realise Rs 44,500 cr from resolution of insolvent steel firms: Icra – Chandler Caller

LiquidationBy Insolvency Advisory Accountants March 6, 2019

.story-content span,.story-content p,.story-content div{color:#000!important;font-family:open sans,Arial!important;font-size:15px!important} span.p-content div[id^=div-gpt]{line-height:0;font-size:0} Of the 11 steel making entities named in the Reserve Bank of Indias list of large corporate defaulters, four have completed their corporate insolvency resolution process (CIRP), with the lenders realising claims to the tune of Rs 44, 500 crore with an average haircut of 47 per cent.…

Convicted NZer was director of company while bankrupt – Radio New Zealand

BankruptcyBy Insolvency Advisory Accountants March 6, 2019

A Kiwi businessman was still an undischarged bankrupt when he became a director of a company that was later found to have been involved in a scamming operation across the Tasman. Photo: Screengrab / ABC New Zealander Eddie Kang, who was director and co-director of more than 30 now-removed businesses in the country, was declared…

What to look for in an Insolvency Practitioner – Business MattersBusiness Matters

BankruptcyBy Insolvency Advisory Accountants March 6, 2019

If youre having to consider the option of an Individual Voluntary Arrangement then its perfectly understandable that youll want to source the very best advice according to your individual circumstances and even that of your family. In this article we take a closer look at what you should look for in an Insolvency Practitioner; together…

Howrah Plumbing sells Burnie depot to Kiely Plumbing in restructure – The Advocate

RestructuringBy Insolvency Advisory Accountants March 5, 2019

news, local-news, Kiely Plumbing, Howrah Plumbing, Hans Verdouw, Michael Kiely Ulverstone-based firm Kiely Plumbing has bought the Burnie division of Howrah Plumbing for an undisclosed sum. Co-owner Michael Kiely said the expansion of the business, which was set up in 1967, meant great things ahead. Were keeping an office in Burnie and have 11 more…

Higgins in administration as ATO comes knocking – Print21

LiquidationBy Insolvency Advisory Accountants March 5, 2019

Top clients: Higgins Signs has an enviable client portfolio, including Tommy Guns Queensland sign business Higgins Signs & Plastics is in voluntary administration, a week after the ATO issued a winding-up order against the company. Established in 1989 by Robert Higgins and a small team of dedicated tradesmen, Higgins Signs has been producing premium quality…

Student gambling? by Khinley Trott, Whitgift school – Your Local Guardian

GamblingBy Insolvency Advisory Accountants March 5, 2019

With the ever growing problem of student gambling, Scott Davies – former footballer for Reading FC – visited our school on Friday the 1st of February to discuss how his gambling addiction affected his footballing career. In a recent study by YouthSight, conducted on 1,000 people, 1 in 8 undergraduate students admitted to skipping lessons…

AT&T restructures WarnerMedia to gird for Netflix fight: memo – iTnews

RestructuringBy Insolvency Advisory Accountants March 5, 2019

AT&T Inc is restructuring its WarnerMedia business, according to a memo sent to employees on Monday and seen by Reuters, as it girds for a streaming video battle with Netflix Inc and Walt Disney Co. The restructuring comes ahead of an anticipated round of significant layoffs and cost cuts and right after the resignation of…

Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

LiquidationBy Insolvency Advisory Accountants March 5, 2019

Date: 2nd March, 2019 To,The Members,Committee of Creditors,M/s. Southern Online Bio Technologies Limited,Hyderabad. Dear sir/Madam, Sub: Notice of 6th Meeting of the Committee of Creditors of M/s. Southern Online Bio Technologies Limited. With reference to the subject cited above, this is to inform you that the 6th Meeting of the Committee of Creditors of M/s.…

Debenhams warns on profit again as restructuring looms – Reuters

RestructuringBy Insolvency Advisory Accountants March 5, 2019

(Reuters) – Debenhams warned on profit again on Tuesday, as the British department store group edged nearer to a restructuring that analysts expect will include a share issue and an acceleration of its store closure plans. FILE PHOTO: Shoppers walk past the Debenhams department store on Oxford Street in London, Britain December 15, 2018. REUTERS/Simon…

South African mine taps juwi for potential hybrid wind and solar project – PV-Tech

BankruptcyBy Insolvency Advisory Accountants March 5, 2019

Up to 190MW of PV capacity is already in operation in the Prieska area (Credit: Orion Minerals) Clean energy firm juwi could build a 35MW hybrid wind and solar facility to sustain a zinc-copper mine in South Africa under a deal with the owner. The collaboration agreement signed with Orion Minerals will see juwi examine…

Monthly Archives: March 2019