Authorized Representative Section 21(6) and (6A) of the Insolvency and Bankruptcy Board of India Code, 2016 (Code for short) provides for the appointment of authorized representative by the Financial Creditors within a given class to represent them to participate in the meeting of Committee of Creditors and vote on behalf of the Financial Creditors. For…
The jobs of around 160 workers are uncertain after an Adelaide plastics manufacturer and supplier of wheelie bins to councils entered voluntary administration after 30 years of trading. Bins made by Trident Plastics on Adelaide streets. Photo: City of Charles Sturt. St Clair-based Trident Plastics cited manufacturing and supply chain challenges, the impact of COVID-19…
New South Wales Parliament has been told the founder of a collapsed Australian waste operator came from “nowhere” to “dubiously dupe” a council into a contract worth millions of dollars. Key points: Kiama MP Gareth Ward has used parliamentary privilege to accuse Bioelektra Australia and its founder of ripping off Shoalhaven council The waste operator was placed…
June 28, 2023 Best Lawyers and Best Lawyers: Ones to Watch in France 2024 have recognized 17 Gibson Dunn attorneys, and 15 Gibson Dunn attorneys have been recognized as leading lawyers in their respective practice areas. The partners highlighted, with their respective practice areas, include: Ahmed Baladi Information Technology Law, Intellectual Property Law, Outsourcing, Privacy and Data Security…
In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered with it.The Insolvency and Bankruptcy Board of India (IBBI) will share the list with the adjudicating authority to choose from to oversee cases of resolution or liquidation from July 1,…
In a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered with it. The Insolvency and Bankruptcy Board of India (IBBI) will share the list with the adjudicating authority to choose from to oversee cases of resolution or liquidation from July…
Member Article Highest Corporate Insolvency Figures In Over Four Years Shows ‘Economic Turmoil Taking A Real Toll’ The impact of the economic turmoil of the last few years has been laid bare by the highest monthly number of corporate insolvencies for England and Wales since the beginning of 2019 Thats the view of the North…
Subscription craft gins startup Gintonica has been placed in voluntary administration, 5.5 years after its launch. The drinks business, best known for its Australian craft gin Advent calendars, was put up for sale by founder David Box in early May, but last week he handed the keys and books to David Ross of Sydney firm…
The National Company Law Tribunal (NCLT) has dismissed IDBI Trusteeship Services’ petition seeking Corporate Insolvency Resolution Process (CIRP) proceedings against Essel Group entity Cyquator Media Services for default in payment.In its petition against Cyquator Media, IDBI Trusteeship had invoked the provisions of Section 7 Insolvency and Bankruptcy Code read with Rule 4 of Insolvency &…
An online alcohol retailer that specialises in Australian craft gin has gone into administration just a month after announcing it was up for sale. According to the Australian Securities and Investments Commission (ASIC), Gintonica went into insolvency on June 21, with David Ross from I & R Advisory appointed as administrator. Gintonicas founder David Box…