SINGAPORE (BLOOMBERG) – Asset sales in a liquidation process at Hyflux, Singapore’s highest-profile distressed company, would likely bring in less than $200 million, a person familiar with the matter said, a fraction of the amount creditors are claiming. Hyflux’s judicial manager Borrelli Walsh filed a court application earlier this month to wind up the water…
Administrators appointed to manage the affairs of live exporter North Australian Cattle Co and its sister company, Southern Australian Cattle Co have called for expressions of interest from investors interested in buying the businesses. Administrators Melissa Lau and Jimmy Trpcevski from Jirsh Sutherland are seeking urgent expressions of interest from parties interested in acquiring the…
14 June 2021 Consultancy.com.au 2 min. read Virgin Australia has announced the appointment of Bain & Company senior partner Dave Emerson as its new Chief Commercial Officer, with Emerson having been aiding the carrier since last year. Dave Emerson is the head of Bains global airline practice and has been leading many of Virgins business…
A day before the start of the voting process, the two contenders NBCC and Suraksha held separate webinars on Sunday with hundreds of homebuyers to explain their resolution plans and address doubts of flat owners. In the webinar, NBCC expressed confidence that it will get approval from Yamuna Expressway Industrial Development Authority (YEIDA) to hive…
See Bahasa Indonesia translation/versi Bahasa Indonesia See Vietnamese translation 90th Edition: May 2021. Key Points Australian feeder steer prices remain above $4 per kg live. NACC, a major Aussie live exporter enters administration. Vietnam restarts live imports in May. Indonesia : Slaughter Steers AUD $4.59/kg live weight (Rp11,100 = $1AUD) Slaughter steer prices have firmed…
By Taxscan Team – On June 13, 2021 6:59 pm Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June Taxscan Annual Subscription @599@420+GST * Offer extended till 30th June The National Company Law Appellate Tribunal (NCLAT), Delhi Bench while quashing the Liquidation Proceedings ruled that the sole decision of related parties Financial Creditors could…
The cup of woes of scam-hit Dewan Housing Finance Corporation Ltd (DHFL) runneth over, with BSE and NSE notifying that DHFL equity shares will be suspended from trading with effect from June 14, 2021. NSE, in a circular to its members, said DHFL equity shares will be suspended from trading with effect from June 14,…
Published by The Law Society, the handbook provides a radical overhaul of the content, which is reflective of the huge number of changes to insolvency law and practice in that time. This new edition is particularly pertinent as it was developed and then published, April 2021, during a period of great uncertainty for businesses. Covid-19…
Despite the efforts of administrators to keep it afloat, a company that operated two Helloworld Travel agencies has been wound up. JMW Travel, which traded as Victorian travel agencies Helloworld Monbulk and Helloworld Bentleigh, as well as Nexus Business Travel, collapsed in February and appointed Mackay Goodwin to handle the voluntary administration process. At the…
NEW DELHI : Jaypee Infratech’s financial creditors on Thursday decided to put the bids of NBCC and Suraksha group to vote after both parties submitted final offers for the debt-laden company. The winning bidder will acquire Jaypee Infratech Ltd (JIL), which went into insolvency nearly four years ago, as well as complete more than 20,000…