Noble Group Ltd won approval on Monday from a majority of shareholders for a $3.5 billion debt restructuring plan that should ensure the survival of what was once Asia’s biggest commodity trader. Faced with the prospect of the company’s insolvency, shareholders reluctantly backed a debt-for-equity swap that will leave them with ownership of just 20…
Dear Sir/Madam, This is to inform you that Metalyst Forgings Limited (“MFL”) is undergoing the Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016 (“Code”), in terms of order passed by the Honble National Company Law Tribunal (“NCLT”), Mumbai Bench, with effect from 15.12.2017. Mr. Dinkar T. Venkatasubramanian was initially…
Octopus VCT 4 plc (the Company) 24 August 2018 Publication of Circular relating to the recommended proposal for Members Voluntary Liquidation. The Company today announces the publication of a circular (the Circular) relating to the recommended proposal of the Company entering into a Members Voluntary Liquidation. The Circular has today been posted to shareholders which…
Octopus VCT 3 plc (the Company) 24 August 2018 Publication of Circular relating to the recommended proposal for Members Voluntary Liquidation. The Company today announces the publication of a circular (the Circular) relating to the recommended proposal of the Company entering into a Members Voluntary Liquidation. The Circular has today been posted to shareholders which…
Octopus VCT 3 plc (the Company) 24 August 2018 Publication of Circular relating to the recommended proposal for Members Voluntary Liquidation. The Company today announces the publication of a circular (the Circular) relating to the recommended proposal of the Company entering into a Members Voluntary Liquidation. The Circular has today been posted to shareholders which…
… Read the full article at: https://www.keyt.com/news/money-and-business/liquidation-sale-begins-at-orchard-supply-hardware-stores/785262705
A Birmingham pub company run by an award-winning landlord has gone into liquidation amid tax debts of more than £360,000. The Humble Pub Company was owned by Keith Marsden, who previously ran the Prince of Wales and The Dark Horse, in Moseley, and The British Oak, in Stirchley, along with a short-lived wine bar called…
The fraud contributed to a 27 per cent drop in the company’s full-year profit to $6.6 million, driving its shares nearly 22 per cent lower. Normalised earnings for the 12 months to June 30 declined $1.7 million to $13.2 million – largely due to a drop-off in daigou shoppers – and total like-for-like sales were…
Over 1,300 employees of Jyoti Structures, a Mumbai-based engineering and procurement (EPC) company, are heaving a sigh of relief as the National Company Law Appellate Tribunal (NCLAT) has granted a stay on the liquidation order passed against the insolvent firm. Its employees are spread over two manufacturing units in Nashik and Raipur, and at various…
Preliminary investigations by the administrators of dessert king Adriano Zumbos cafes have suggested one of the entities in administration could have been trading while insolvent since mid-2017. Three of Zumbos businesses, 611 Pty Ltd, Mel611 Pty Ltd and Im So Fancy Pty Ltd, entered voluntary administration at the start of the month, though they continue to…