Lenders of Asian Colour Coated Ispat Ltd. (ACCIL) have approved the JSW Groups 1,550-crore bid to acquire the debt-ridden steel firm, sources said. ACCIL went into insolvency in July last year after the National Company Law Tribunal (NCLT) admitted an application by State Bank of India (SBI) to initiate the Corporate Insolvency Resolution Process (CIRP)…
Lenders of Asian Colour Coated Ispat Ltd (ACCIL) have approved the JSW Groups 1,550 crore bid to acquire the debt-ridden steel firm, sources said. ACCIL went into insolvency in July last year after the National Company Law Tribunal (NCLT) admitted an application by SBI to initiate Corporate Insolvency Resolution Process (CIRP) for the company. The…
The committee of creditors (CoC) of the Corporate Debtor, pursuant to the meeting held on May 30, 2019 and in terms of Section 22 (2) of the Code, resolved, with requisite voting share, to replace the existing Interim Resolution Professional with Mr. Anish N. Nanavaty as the resolution professional (RP) for the Corporate Debtor. Accordingly,…
Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the eighth meeting of CoC of Kwality Limited is schedule on 29th June, 2019 at 12:00 PM at Regal Hall, Royal Plaza, 19, Ashoka Rd, Janpath, Connaught Place, New Delhi- 110001 as per the provisions of the…
There have been four deaths for every revival case under the Insolvency and Bankruptcy Code (IBC) proceedings. And significantly for those four, which have headed for liquidation, the process continues without much progress and hardly any takers. Further, of the 1,858 cases taken up for resolution and finding a suitor for a revival plan, more…
A food supplier has gone into liquidation with the loss of 125 jobs after it was the subject of a listeria investigation that ultimately cleared it of being the source of the outbreak. The Food Standards Agency inquiry meant The Good Food Chain had to suspend production for weeks. The FSA this week said the…
June 28 (Reuters) – Struggling gold miner Avocet Mining Plc on Friday said its board has proposed voluntary liquidation of the company and that remaining cash be used to pay creditors. (Reporting by Pushkala Aripaka in Bengaluru; Editing by Bernard Orr) Our Standards:The Thomson Reuters Trust Principles. Read the full article at: https://www.reuters.com/article/avocet-mining-liquidation/gold-miner-avocet-proposes-voluntary-liquidation-idUSL4N23Z1OZ
Loading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…
An Australian business caught selling fake Aboriginal art has been fined $2.3 million dollars in a federal court ruling today, highlighting a thriving black-market that exploits and expropriates Indigenous culture. Brisbane company Birubi Art was found to have breached Australian consumer law and to have misled its customers by promoting products as genuine Aboriginal art…
Loading The Australian Competition and Consumer Commission urged Justice Melissa Perry to award a penalty in the range of $2 to $2.5 million as a deterrent to this kind of breach, which could undermine the integrity of the Indigenous arts sector. Such conduct puts at risk an array of economic and social benefits which are…