Washington/New Delhi: With implementation of a series of reforms including enactment of Insolvency and Bankruptcy Code (IBC), India has climbed to 4th position in protecting interest of minority investors, as per the latest ‘Ease of Doing Business Report’ of the World Bank. This is the first time that India has figured in the top five…
“Our advanced auction methods really pay off when you have a business liquidation or major undertaking like this one, with thousands of items to be sold. We’re able to accomplish the job in a fraction of the time other methods would take,” said Paige Holt, president of the auction company. “Our intensive marketing campaign brought…
Only Record Date holders will be entitled to receive the Second Interim Distribution, and the aggregate amount of the Second Interim Distribution is expected to total approximately $10.1 million, leaving a balance of approximately $2.5 million in the Liquidator’s trust account. These funds, net of costs, will be distributed in the coming months as a final…
The Synergies Dooray Automotive case, the first in which a resolution plan has been approved under the new insolvency law, had all the elements of surprise, drama and confusion. This Visakhapatnam-based maker of automotive parts, garage and service station equipment owed Rs 972 crore to Edelweiss ARC, Alchemist ARC, Millennium Finance and Synergies Castings. The…
Spread the news! The Yorkshire Meatball Company has entered liquidation. (Company number 08578499) The business was set-up and run by David and Gareth Atkinson, father and son. They closed the Harrogate Restaurant in October 2016, after crowdfunding £123,290 earlier the same year. There were was a further restaurant in York and they initially sold…
The baseline qualification for a company director role. The best way to do the course. Tips and tricks on how to pass. The first company director course run by the Australian Institute of Company Directors (AICD) was in 1975. Since then about 40,000 have completed the course, which is widely seen as a base level…
Remember when Topshop announced it was going into voluntary administration in Oz? A million stylish hearts broke the UK brand has long been known to nail runway trends at high street prices, so the possibility that we might have had to go back to international shipping if we wanted our Moto jeans or perfectly hip…
NEW DELHI: The housing and urban affairs ministry is seeking explicit protection for homebuyers hit by insolvency action against builders such as Jaypee Infratech and some of the projects of the Amrapali Group as it is not satisfied with the amendments notified last week. “We would like to be reassured that the notification specifically covers…
The re-signing of Ash Taylor to a three-year extension is expected to be a positive for consortiums looking to buy the Titans licence from the NRL. Picture: Jerad Williams THE NRL will not be able to draw a line under the sale of the Titans by the end of their financial year but are confident…
Sears Canada’s former executive chairman defended his plan to turn around the embattled retailer, and said his bid to buy the company and save it from liquidation was hampered by a creditor protection process biased towards liquidation. Brandon Stranzl, speaking publicly for the first time since the retailer began a full liquidation of its remaining…