Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Date: 21st May, 2019To The General ManagerDepartment of Corporate Services,BSE Limited,P.]. Towers, Dalal Street,Mumbai-400 001.Dear Sir,Sub: Outcome of 9th CoC Meeting of M/ 5. Southern Online Bio Technologies Limited scheduled on 21 May, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 9th…

Corpus fund for insolvency resolution cannot be attached by any authority – The Hindu BusinessLine

Liquidation

The corpus fund arranged by the Committee of Creditors under the National Company Law Tribunals (NCLT) directions towards the cost of corporate insolvency resolution process (CIRP) cannot be attached by any authority, including the Enforcement Directorate, as it is not an asset of the corporate debtor, according to a ruling by the Tribunals Mumbai bench.…

Insolvent insurance company asks to be placed into liquidation – Insurance Business

Liquidation

Gibraltar-headquartered LAMP Insurance Company Limited has asked the Supreme Court of Gibraltar to appoint an Official Receiver (OR) and place the firm into liquidation. The application will be heard at the end of the month. According to the Gibraltar Financial Services Commission (GFSC), the insolvent insurance company has been unable to secure additional financing. It…

Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Notice of 9th Meeting of Committee of Creditors ofSOUTHERN ONLINE BIO TECHNOLOGIES LIMITEDNotice along with Agenda for the 9th Meeting of the Committee ofCreditors of Southern Online Bio Technologies Limited (under CorporateInsolvency Resolution Process) under the provisions of The Insolvency andBankruptcy Code, 2016 read with Insolvency and Bankruptcy Board ofIndia (Insolvency Resolution Process for Corporate…

Clive Palmer absent from court for Queensland Nickel liquidation trial – The Guardian

Liquidation

Big-spending election loser Clive Palmer was absent from court as his lawyers were lambasted by a judge overseeing Queensland Nickels liquidation trial. Days after his federal election campaign failed to win his party a seat, Palmer on Tuesday sought to introduce evidence into the trial over his companys collapse that workers had started receiving their…

LGBTIQ publication Star Observer goes into voluntary administration – QNews

Liquidation

Australian LGBTIQ publication Star Observer has announced the company has entered voluntary administration and is up for sale. The publication announced on Thursday the board of directors of the company, Gay & Lesbian Community Publishing Limited, had appointed Trent McMillen from MaC Insolvency as administrator on Friday, May 10. Advertisements Cash flow is the lifeblood…

Creditors expect increase in realisations through IBC despite hiccups – ETAuto.com

Liquidation

Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, according to investment information and credit rating agency ICRA. Still, the process has chugged on, albeit at a slower pace than envisioned. Till…