LUSAKA (Reuters) Vedanta Resources on Tuesday plans to challenge the appointment of a provisional liquidator and the intended winding up of its Zambian business without the chance to be heard through lawyers of its choice, documents filed in court show. According to a notice filed in court on June 6, Vedanta wants to be represented…
Dear Sir/Madam This is to inform you that the Honourable National Company Law Tribunal (NCLT), Hyderabad Bench has passed the order on 03/06/2019 (uploaded on website on 08/06/2019) admitting the petition CP(IB) No.679/7HDB/2018 under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by the Financial Creditor IDBI Bank Limited and initiating the Corporate…
newsletters, editors-pick-list, vallec, tobias McCosker, liquidation, electrical, Toby McCosker, Sydney Swans A HUNTER electrical company that sponsored the Sydney Swans AFL team has gone into liquidation owing more than $3 million, including more than $250,000 in entitlements to 14 employees. Vallec, Vallec EP and Vallec MP were voluntarily placed in the hands of a liquidator…
MUMBAI: The Mumbai bench of the bankruptcy court is scheduled to hear on Monday insolvency petitions filed against Jet Airways by two of its suppliers, a development that could hurt the efforts of banks to cobble together a deal with investors to revive the grounded airline. Banks have so far tried to keep Jet out…
newsletters, editors-pick-list, vallec, tobias McCosker, liquidation, electrical, Toby McCosker, Sydney Swans A HUNTER electrical company that sponsored the Sydney Swans AFL team has gone into liquidation owing more than $3 million, including more than $250,000 in entitlements to 14 employees. Vallec, Vallec EP and Vallec MP were voluntarily placed in the hands of a liquidator…
About 100 retirees caught up in a corporate collapse fear they will be left homeless after investing millions of dollars in a complex retirement scheme which offered to pay their rent for life. Sterling First, the flagship of a sprawling WA group of property management and investment companies behind the scheme, collapsed last month, leaving…
The Company has received a Notice from National Company Law Tribunal (NCLT), Mumbai Bench on June 07, 2019 via an email, regarding an application filed by one of the Financial Creditors of the Company i.e. Corporation Bank to initiate Corporate Insolvency Resolution Process under Section 7 of Insolvency and Bankruptcy Code, 2016 read with rule…
This is to inform you that the 19th Meeting of Committee of Creditors (CoC) was held on 04th June, 2019. In the said meeting the Resolution Plan of H1 qualified Resolution Applicant i.e. Som Distilleries Pvt. Ltd. was put to vote by COC members and the same was not approved by 100% voting share. The…
SUPPLIED Arrow International owners and directors Bob Foster and Ron Anderson attended a watershed creditors meeting. Arrow International was placed in liquidation by creditors after a resounding vote at a watershed meeting held by voluntary administrators at accounting firm BDO. DirectorsRon Anderson of Dunedin and Bob Foster from Christchurch attended one of the four simultaneous…
It is, hereby, informed that Honble National Company Law Tribunal New Delhi Bench, vide order dated May 24, 2019 (copy of order is received on June 06, 2019), after considering Progress Report on Resolution Process by the Resolution Professional, has extended CIRP time period by 90 days i.e. upto September 07th, 2019 in respect of…