The number of food and beverage companies entering insolvency rose 17.9% in 2018, according to analysis from real estate adviser Altus Group. Last year The Insolvency Service paid out 298.07m to former members of staff whose employers, from all sectors, had either entered administration, liquidation a CVA or another form of corporate insolvency. This included…
Makeup artist Napoleon Perdis has actioned a Deed of Company Arrangement after placing his self-titled beauty brand in voluntary administration in January. Perdis, who will steer the business as creative director, hopes to grow the brand to a level which will allow it to compete globally. The arrangement will bring the company back under the…
By PTI MUMBAI: There is a need to strengthen the insolvency resolution process by having deterrents against failure or delays in implementing resolutions plans, a report said Monday. In the last two years, Insolvency and Bankruptcy Code (IBC) was implemented, three concluded corporate insolvency resolution process (CIRPs) being brought back to the National Company Law…
This is to inform you that the meeting of the Committee of Creditors (COC) of the Company is adjourned to on Monday, 25th February, 2019 at 11.30 A.M at the registered office of the Company situated at Plot No. 20, Sector – I, Survey No. 64, 4th Floor, HUDA Techno Enclave, Hyderabad – 500 081,…
Credit: Dreamstime Australian security software vendor Veriluma has signed a $1.9 million contract with the Department of Defence. Listed on the Australian Securities Exchange, Veriluma announced the three-year contract with Defence on 22 February, with a possibility for a two-year extension. Veriluma did not specify details of the contract only stating it will play a…
The outcome of the 21st meeting is:1. The RP said that V.6 of the list of Creditors had been submitted to NCLT,uploaded on the website of the Co.&shared with CoC; 2.The CoC said about the exclu. appl. for 24 days filed by the RP with NCLT, on 08.02.19 due to time taken to re-conduct the…
Press Release Published Feb 20, 2019 at 9:04 pm (Updated Feb 20, 2019 at 9:04 pm) Nathalie Neto of Walkers Bermuda
Maharashtra Seamless, a DP Jindal Group company, surged nearly 4 per cent in early deals on Wednesday after it announced acquisition of United Seamless Tubulaar in a deal worth Rs 477 crore. BusinessToday.In Last Updated:February 20, 2019 |15:03 IST Maharashtra Seamless, a DP Jindal Group company, surged nearly 4 per cent in early deals on…
With two major cases in the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore in the ongoing financial year. So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code. The recovery is expected to touch Rs 1.80 lakh crore by March…
Exciting Events, the company behind the disastrous Norwich Fortnite Live festival, has gone into liquidation after Epic Games filed a lawsuit against it in Londons high court. The company hosted a Fortnite-inspired event without authorization from Epic, using the companys trademarks and intellectual properties. Epic took the issue to court yesterday. These proceedings by Epic…