BURBANK, Calif.–(BUSINESS WIRE)–Apr 17, 2019–LBI Media, Inc. and its affiliates (LBI or the Company) today received approval of its Third Amended Plan of Reorganization (the Plan) from the United States Bankruptcy Court for the District of Delaware. The Company now expects to complete its balance sheet restructuring and successfully emerge from chapter 11 within the…
SINGAPORE – The tycoon who made headlines in 2017 for his run-in with the management committee of the Ardmore Park condominium was declared bankrupt in the Hong Kong High Court last week. Dr Sit Kwong Lam, who was listed as a billionaire by Forbes in 2017 but dropped off last year, had provided a personal…
ToDate: 17th April, 2019The General ManagerDepartment of Corporate Services,BSE Limited,PJ. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 8h CoC Meeting of M/5. Southern Online Bio Technologies Limited scheduled on 17thApril, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 8th Committee of Creditors…
The 7th Meeting of the COC was held on Wednesday, the 10th day of April, 2019 at the premises of State Bank of India, Stressed Assets Management Branch, TSRTC Bus Complex, Kachiguda, Hyderabad – 500 027. The following were put for electronic voting andwere duly passed:To extend the last date of submission of Resolution Plans…
DUBAI, UAE, April 17, 2019 /PRNewswire/ –Following the independent reports that projected a boost of more than $30 billion in the UAE economy and numerous job openings, Sami Raja, CEO of Sami Raja Consultancy announced his complete support to SMEs and Entrepreneurs who are involved with the event. With numbers predicting a massive boom in…
FARMERS in Australia operate in a highly variable environment, and agriculture is considered the most volatile sector in the Australian economy. In fact, the volatility of the agricultural industry is nearly double that of any other industry in the country. With variability and volatility comes risk. Unfortunately, in life, there is rarely a reward without…
Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the 14th meeting of the Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) under the provisions…
By Davide Anghileri, University of Lausanne The Italian Revenue Agency has concluded that a sale stock in an Italian company in connection with a business restructuring is exempt from the financial transactions tax because the sale was exclusively aimed at changing the legal form of the entity that will hold the stake in the Italian…
A NUMBER of Dalby businesses caught up in the 2017 collapse of Ostwald Brothers have been dealt a fresh blow, as liquidators move to recover several million dollars worth of potential “preferential payments” made in the six months before the construction business went bust. Dalby Chamber of Commerce and Industry president Rohan May said the…
Xue Guanglin, the founder of Brightoil Petroleum Holdingsand once a billionaire on the Forbes rich list, was declared bankrupt by Hong Kong High Court following a long-running case involving financial woes at his company. As Xue is a personal guarantor for about US$30 million debt owed by Brightoils Singapore subsidiary to Vietnamese national oil company…