The Lok Sabha on Tuesday gave its nod for the Insolvency and Bankruptcy Code (Second Amendment) Bill 2018 that seeks to replace the June 6 ordinance, which provided relief to home buyers and MSME sector. The Bill got the approval of the Lower House after the principal opposition Congress demand of sending it to the…
This is to inform to the Exchange that National Company Law Tribunal (NCLT) has, today i.e. 31st July, 2018, pronounced its order and approved the resolution plan as submitted by Mr. Deepak Chaganlal Choudhari and Mr. Jitendra Kumar Chopra for the Company pursuant to the Corporate Insolvency Resolution Process initiated as per the provisions of…
A non-bank lender has appointed a new national relationship manager to help facilitate the growing demand for commercial credit. Non-bank lender NWC Finance has appointed Matthew Tenace to the role of national relationship manager, accountancy and legal professions, effective immediately. The credit provider has claimed that the appointment has been made as NWC is seeing…
Hooters Australia has been placed in voluntary administration. But its business as usual at the three Sydney and one Gold Coast restaurants. Veritas Advisory is seeking buyers. The Australias branch of the US restaurant food chain Hooters, known for its female waiters wearing tight white t-shirts, has been placed into voluntary administration again. Administrators Veritas…
HOOTERS Australia has once again been placed in voluntary administration, less than two years after its new owner vowed to breathe fresh life into the controversial breastaurant chain. Its the latest blow for the American sports bar, infamous for its scantily clad waitresses dubbed Hooters girls, which has struggled to gain acceptance in the Australian…
Latest government figures highlighting a quarterly fall in corporate insolvencies may only be a blip in an underlying upward trend, according to the Midlands branch of insolvency and restructuring trade body R3. The body is urging business owners not to be lulled into a false sense of security as England and Wales statistics published by…
DOUG FIELD/STUFF The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn. The only hotel in a small South Canterbury town has avoided being placed in liquidation, after Inland Revenue withdrew an application against the business in the Timaru High Court on Monday. Inland Revenue filed the application to have…
DOUG FIELD/STUFF The Pleasant Point Hotel will not be put into liquidation after an Inland Revenue Department application was withdrawn. The only hotel in a small South Canterbury town has avoided being placed in liquidation, after Inland Revenue withdrew an application against the business in the Timaru High Court on Monday. Inland Revenue filed the application to have…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday, July 25, 2018 resolved the stay order against Chennai based, Shriram EPC in connection with a petition filed by ACRE (Asset Care & Reconstruction Enterprises) under Corporate insolvency Resolution process of the corporate debtor. The NCLAT accepted the stand that there was no default on…