Category Archives: Bankruptcy

Serbia’s Nelt to acquire factory of insolvent Magnohrom in Kraljevo – SeeNews

Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic. BELGRADE (Serbia), March 22 (SeeNews) Serbia’s Bankruptcy Supervision Agency said it accepted the bid of logistics company Nelt Group for the acquisition of the electrothermal products factory of the insolvent producer of fire-resistant materials Magnohrom in Kraljevo. Nelt group placed its 98 million dinars ($1 million/828,000 euro)  bid during…

Press highlights deposits protection scheme, uniBank customers’ reaction – Journalducameroun.com – English – (press release)

Published on 22.03.2018 à 11h21 by APA News The Ghanaian press on Thursday highlights a 13-million euro government support to Ghanas financial system and the reaction of angry customers of uniBank Ghana Ltd, after the takeover by the Bank of Ghana (BoG).The Business and Financial Times (B&FT) says, Govt secures 13…

Frail Roslyn Packer, 80, is wheeled through Sydney Airport with her daughter as she jets off to visit son James … – Daily Mail

James Packer’s mother flew out of Australia to be with her son after his ‘mental health issues’ were revealed Roslyn Packer, 80, cut a frail figure and was wheeled through Sydney Airport on a mobility chair on Thursday Wife of late media mogul Kerry didn’t speak with media as airport staff pushed wheelchair through terminal…

Supreme Court dismisses Stayzilla’s appeal against insolvency, co to continue under IBC – The News Minute

In September 2017, the National Company Law Tribunal (NCLT) Chennai ordered Stayzilla to become insolvent and pay the outstanding dues to JigSaw. In a blow to homestay aggregator Stayzilla, the Supreme Court has dismissed the appeal filed by co-founder Yogendra Vasupal challenging the insolvency proceedings ordered by the National Company Law Tribunal. On September 18,…

Ghana: Press awash with takeover of uniBank – Journalducameroun.com – English – (press release)

Published on 21.03.2018 à 10h21 by APA News The Ghanaian press on Wednesday is awash with the declaration that uniBank Ghana is insolvent and the subsequent appointment of KPMG, a world acclaimed auditing firm by the Bank of Ghana (BoG) to take control of its operations.The bank recently announced its takeover…

Financial stress easing as Mackay businesses find feet – Mackay Daily Mercury

THE declining number of people in Mackay falling into financial ruin could be a sign of a more robust and confident economy, CQUniversity law lecturer Lance Rundle says. Recent data from the Australian Financial Security Authority indicates fewer people fell into insolvency in the 2017 December quarter. In total there were 60 -down from 76…

Financial stress easing – Mackay Daily Mercury

THE declining number of people in Mackay falling into financial ruin could be a sign of a more robust and confident economy, CQUniversity law lecturer Lance Rundle says. Recent data from the Australian Financial Security Authority indicates fewer people fell into insolvency in the 2017 December quarter. In total there were 60 -down from 76…

Sebi plans amending norms for companies undergoing insolvency proceedings – Firstpost

New Delhi: Sebi plans to bring in additional disclosure requirements for listed corporates undergoing insolvency resolution process as well as amend norms pertaining to minimum public shareholding norms and other provisions for such entities, a senior official said. The proposal comes at a time when there are increasing number of cases coming up under the…

Court removes KVV Liepajas Metalurgs’ insolvency administrator – The Baltic Course

A district court in the southwestern Latvian city of Liepaja today removed Guntars Koris as insolvency administrator of KVV Liepaja Metalurgs steel company, the courts representative Velga Luka told LETA. The verdict cannot be appealed and has already come into effect. The Liepaja court will send its ruling on Koris removal to the Insolvency Administration …

Numetal, ArcelorMittal Ineligible To Bid For Essar Steel – BloombergQuint

Lenders to Essar Steel Ltd. today decided to reject both resolution plans submitted for the company under the insolvency and bankruptcy process, two bankers in the know have confirmed. In a meeting held in Mumbai, the committee of creditors was presented with the findings of Resolution Professional Satish Kumar Gupta on the eligibility of the…