Lenders to Amtek Auto on Wednesday asked the National Company Law Tribunal (NCLT) to restart the resolution process for the company as the lone bidder Liberty House failed to make any payment. The lenders have also asked for exclusion of the period Liberty House spent in considering the bid while…
NEW HYDE PARK, N.Y.–(BUSINESS WIRE)–Kimco Realty Corp. (NYSE:KIM) announced today transaction activity for the fourth quarter and full year 2018. 2018 Activity: During the fourth quarter of 2018, Kimco sold 16 properties and two land parcels totaling 1.9 million square feet for $357.1 million. Kimcos share of the sales price was $228.4 million. For the…
You cant miss your flight if it never shows up something Primera Air flyers experienced when the airline announced bankruptcy on October 1, leaving ticket holders stranded at the airport, many of which were awaiting trans-Atlantic flights. One woman at the Washington Dulles International Airport told the New York Times that she was awaiting a…
For the first time since 1997, the coming of a new year has introduced an entire library of culture into the public domain in the U.S. Public Domain Days used to be an annual event until 1998, when a new law named after Sonny Bono suddenly extended copyright protections by 20 years. Now, under U.S.…
Meta, the company behind the Meta 2 tethered AR headset, is going through what they call a restructuring amidst a patent infringement lawsuit filed in summer of last year, and a recent asset liquidation that Meta claims has left the company insolvent. Update (January 11th, 2019): Following evidence of court correspondence where the company…
The parent firm of Cambridge Analytica,SCL Elections Ltd, has been hit with a fresh fine of 15,000 (16,500) including costs, for failing to comply with an enforcement notice delivered by the UKs data protection authority, the Information Commissioners Office (ICO). The firm had been ordered to respond to a request to hand over the personal…
Hansa Heavy Lift, which is close to being declared insolvent, has now had six ships arrested in total. However, creditors will have to wait a little longer before submitting claims against the Hamburg-based carrier. Photo: Hansa Heavy Lift Log in to read our articles Welcome to ShippingWatch. A part of our content is exclusive and…
Dear Sir/Madam,This is to inform you that pursuant to the Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016, the Interim Resolution Professional of the Company has called the first meeting of the Committee of Creditors of Kwality Limited, which is schedule to be held on…
With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of what is probably the more difficult part of the Insolvency and Bankruptcy Code. With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of…