LONDON (Reuters) – British Steel, the countrys second largest steel producer, has collapsed and put 25,000 jobs at risk after failing to secure emergency government funding, Britains Official Receiver said on Wednesday. The High Court ordered the compulsory liquidation of the company, although staff will remain employed for now as the liquidator oversees the operation…
The Port Lincoln City Council has taken over the final stage of the $9.41 million leisure centre expansion to ensure it gets finished after the Adelaide company leading the project went into liquidation in April. The council and local subcontractors discovered in early April that the Adelaide contractor Unique Urban Built (UUB) that led the…
Swim Loops, the company that represents the largest number of Jump! Swim Schools, has gone into voluntary administration. Jump! Swim Schools has been facing challenges following a series of court cases and disputes with franchisees. Jump! had grown dramatically and has more than 100 franchise swim schools in the network, including 60 in Australia and…
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…
Renowned Australian vocal ensemble The Song Company has been placed in Voluntary Administration. The news was first posted on the Companys website on May 13 with a statement in which the Board of Directors said they had considered the financial affairs of the Company and it is in [sic] their opinion that the company faces…
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.…
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…
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…
Zambia has ramped up the pressure on Konkola Copper Mines, the copper company controlled by Anil Agarwals Vedanta Resources. A day after President Edgar Lungu said he would strip KCM of its mining licence and bring in a new investor, Zambias High Court appointed a law firm called Lungu Simwanza & Company to act as…
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…