Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Liquidation

This is to inform you that the 12th Meeting of Committee of Creditors (CoC) was held on 04.03.2019. In the meeting, The Chairperson apprised the members of the CoC that the Resolution Professional has filed an application before the Honble NCLT, Jaipur Bench, wherein vide order dated 28.02.2019 the Honble NCLT has allowed the application…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Sub: Outcome of the 9th Meeting of Committee of Creditors of Uttam Value Steels Limited Dear Sir, This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 9th meeting of the Committee of Creditors…

Appster may have traded while insolvent and made $750,000 in concerning payments, liquidator claims – SmartCompany.com.au

Liquidation

The liquidator for collapsed app-development business Appster is rallying creditors to pursue legal action against founders Mark McDonald and Josiah Humphrey, alleging they traded while insolvent. Releasing an anticipated statutory report into the affairs of Appster on Tuesday, liquidator Paul Vartelas revealed the once-upon-a-time market darlings financial position had been worsening for several years prior…

Retail, food sectors see spike in corporate insolvency | My Business – My Business

Liquidation

We havent been imagining it retailers, along with the accommodation and food sectors, have seen a spike in corporate insolvency appointments over the last 12 months, an insolvency specialist has confirmed. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017-18 financial year, while the retail…

GM restructuring: Production ending at Ohio plant this week as last Chevy Cruz rolls off line – The Japan Times

Restructuring

TOLEDO, OHIO – General Motors will end production this week at the first of five North American plants it wants to close by early next year as part of a companywide restructuring. The last American-made Chevrolet Cruze will come off the assembly line Wednesday at GMs sprawling Ohio assembly plant near Youngstown, GM spokeswoman Kim…

Insolvency and Bankruptcy Code: Govt says trustees too can approach IBC against corporate debtors – The Financial Express

Liquidation

Analysts said the MCA notification helps clear the ambiguity regarding who can approach NCLT for CIRP. The government has allowed trustees, estate administrators, persons authorised by a companys board of directors etc toinitiate corporate insolvency resolution process (CIRP) against a corporate debtor before the NCLT, on behalf of financial creditors under the Insolvency and Bankruptcy…

Carlyle Group backs Nordam restructuring efforts – Flightglobal

Restructuring

Carlyle Group is to provide funding to restructuring US-based Nordam to enable the aerostructures manufacturer and repair provider to emerge from Chapter 11 bankruptcy protection. But the Siegfried family, which founded and still owns Nordam, will continue as a shareholder of the Tulsa-based company. The Siegfried family will retain its 50-year ownership and oversight of…