Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of bitcoin at the time due to an apparent hack. Bitcoin reportedly experienced a subsequent decline in value,…
With the UK-based Liberty House Group failing to implement its resolution plan, the Cuttack Bench of the National Company Law Tribunal (NCLT) on Monday passed order for liquidation of Adhunik Metaliks Ltd and group company Zion Steel. The Bench, comprising Justice M B Gosavi, Member (Judicial), cancelled the resolution plan of Liberty House and ordered…
A TASMANIAN businessman and a national winemaker have saved one of the states premier wine and cider producers, which had entered voluntary administration. Winemaking Tasmania will be renamed Tasmanian Vintners after being jointly taken over by Western Australias largest winemaker, the Fogarty Wine Group, and a family company run by former Webster Limited managing director…