Investment firm k1 Ventures’ unit under members’ voluntary liquidation – The Business Times

Wed, Dec 27, 2017 – 8:11 AM INVESTMENT holding company k1 Ventures on Wednesday said that its wholly owned subsidiary, FSHCO Holdings Pte Ltd, will be placed under members’ voluntary liquidation. It added that filings will be made in Singapore for the liquidation, and that this liquidation is not expected to have any material impact…

NCLT Admits Application For Castex’s Insolvency Process – BloombergQuint

The National Company Law Tribunal has admitted an application by State Bank of India to initiate the corporate insolvency resolution process against iron-cast auto parts maker Castex Technologies Ltd. The Mumbai bench of the NCLT appointed Dinkar Tiruvannadpuram Venkatsubramanian as an interim resolution professional for the debt resolution process, according to a stock exchange filing.…

Auction house Mossgreen goes into voluntary administration – The Sydney Morning Herald

The co-owner of high-profile art gallery and auction house Mossgreen says creditors will not be out of pocket after the shock news the company has gone into voluntary administration. Paul Sumner, who is also chief executive and co-founder, said the move was due to debts following the company’s rapid expansion and the withdrawal of its key investor. Mossgreen chief…

Insolvency And Bankruptcy Code & Ordinance Challenged Before Gujarat HC; Notice Issued – Live Law

The Gujarat High Court has issued notice on a Petition challenging the constitutional validity of the Insolvency and Bankruptcy Code, 2016 and the recent ordinance barring Promoters from submitting a resolution plan. The notice returnable on 22 January, 2018 was issued by a Bench comprising Chief Justice R. Subhash Reddy and Justice Vipul M. Pancholi…