By: ENS Economic Bureau | New Delhi | Published:November 8, 2017 1:54 am (Representational Image) In what would make it tougher for unscrupulous elements, including promoters, to manipulate the insolvency resolution process of a stressed firm, the government on Tuesday amended the Corporate Insolvency Resolution Process Regulations, providing for more stringent scrutiny of resolution applicants…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
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Insolvency and Bankruptcy Board of India has amended its corporate insolvency resolution process regulations to ensure that as part of due diligence prior to approval of a resolution plan, the antecedents, credit worthiness and credibility of a resolution applicant, including promoters, are taken into account by the Committee of Creditors. With a view to ensure…
Published: 11:20 Thursday 02 November 2017 The Yorkshire Meatball Company, which closed the doors on its sole restaurant last October, has entered into liquidation, leaving investors out of pocket. The brand was launched in 2014 by father and son David and Gareth Atkinson, and its products were even sold by Asda, Tesco and Morrisons. But…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
(Corrects to remove item on GlaxoSmithKline Consumer Healthcare post-earnings analyst conference call as the event is slated for Nov 8) To access the newsletter, click on the link: here If you would like to receive this newsletter via email, please register at: here FACTORS TO WATCH 9:30 am: GMR Group CFO Madhu Terdal, NHAI Member…
GABORONE, Nov 7 (Reuters) – KFC Botswana will come out of liquidation after a joint venture between Shell Fuel distributors, Vivo Energy Botswana and South African KFC franchise operator Baobab Khulisani agreed to buy the fast food chain. KFC Botswana, whose portfolio includes 12 stores, was placed under liquidation in June 2016 after the company…
Kangaroo Island Council has secured full and final payment of outstanding debts, totalling $39,000, to the three island-based businesses which provided materials and services to the airport upgrade project material crushing contractor, NBS (Excavations) Pty Ltd. The company placed themselves into voluntary liquidation on February 13, and the monies had been outstanding since that time. The three…
Ramit Chitkara Its been more than a year since the all-new corporate insolvency framework of the country (hereinafter referred to as the IBC) got notified followed by regulations over tranches. IBC is one of the biggest reforms by the government just after the GST, wherein it offers early identification of corporate distress with time-bound resolution…