Published on :26 Jan, 2021 , 7:47 am Updated on :26 Jan, 2021 , 7:02 am The Supreme Court has upheld an order passed by the National Company Law Appellate Tribunal (NCLAT) directing an Operational Creditor to pay the CIRP costs and fees after the dismissal of his insolvency plea. (Rajkumar Brothers And Production Pvt…
A US bankruptcy court judge has approved the Weinstein Cos liquidation plan, which sets aside $17m for women who accused co-founder Harvey Weinstein of sexual misconduct. Judge Mary Walrath, presiding over a remote hearing from Wilmington, Delaware, overruled an objection from a handful of women who have been looking to pursue appeals of their claims…
Panarottis has closed its doors for good. Share this story Penriths ever-changing restaurant scene has had another major change, with long-time Italian restaurant Panarottis closing during the week. The restaurant had been a mainstay in Panthers for many years, originally opening in a spot accessible from the main foyer, and then moving inside when renovations…
Image by Rebecca Lintz Equestrian Australias rescheduled Annual General Meeting on January 25 lapsed after the number of voting members required in person or by proxy to form a quorum was not met. Under normal circumstances, only 20 voting members are required to constitute a quorum at the AGM, but as there was a Special…
A bankruptcy court judge Monday confirmed a liquidation plan for the former Weinstein Co., which filed for Chapter 11 three years ago as disgraced mogul Harvey Weinstein imploded in a sea of sexual abuse and harassment accusations. Weinstein the man is serving a 23-year sentence for rape and assault at a correctional facility in upstate…
Judge Daniel Schaffer said the Official Receiver now should assess the position. // Debenhams has been wound up by theInsolvency and Companies Court // Judge Daniel Schaffer described Debenhams as a rudderless ship drifting in an ocean of insolvency // It comes after Boohoo confirmed it had bought the Debenhams brand & website for 55m…
2020 has undoubtedly been a turbulent year but in the Cayman Islands it has also been a year of progress and development. Over the past few years, the jurisdiction, which is already considered a financial hub, boasting judicial and legislative links to the UK and tax neutrality, has worked to refine its regulations, and bolster…
The status of homebuyers as a class of financial creditors and their right to initiate the Corporate Insolvency Resolution Process (CIRP) against the builder/developer under the Insolvency and Bankruptcy Code (IBC or Code) had traversed a very long journey which witnessed various legislative amendments and Supreme Court’s decision (Chitra Sharma versus Union of India &…
Philippines-based HatchAsia Inc has completed its takeover of Australian-listed Southeast Asian casino operator Silver Heritage Group, with six new directors replacing the former board as of last Friday. Former CEO Mike Bolsover, Chairman Matthew Hunter and fellow director Darryl Kaplan are no longer associated with the company, replaced by representatives of the new ownership group,…
Egypts Ministry of Public Business Sector will disburse a minimum of EGP 255,000 in reparations for each of the 2,500 workers at the recently liquidated Egyptian Iron and Steel Company. On 12 January,citing chronic losses,the board of directors of the Egyptian Iron and Steel Company passed on a resolution liquidating the company and dividing it…