Laura Ashley is closing its doors for good in Australia, after a buyer failed to materialise during the administration process, despite several expressions of interest. The fashion and homewares retailer will close 16 stores in all states and the ACT by the end of this month, and 100 employees will be out of a job.…
The recent amendment in the Insolvency and Bankruptcy Code 2016 (IBC) has created a special status for the homebuyers as financial creditors with effect from 6 June 2018. The amendment was brought into force at a pivotal junction when the ongoing litigations in projects by Jaypee Infratech and Unitech brought to limelight the hapless situation…
Dear Sir / Madam, We would like to inform you that meeting of 19th Committee of Creditors of ABG Shipyard Limited is scheduled to be held on Monday, 17th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You…
The Gen Z bosses of an Aussie app developer once hailed as the next Apple say they are absolutely devastated after the company collapsed into liquidation on Friday. Appster, founded by Melbourne teens Josiah Humphrey and Mark McDonald in 2011 using just $3000 in savings, made headlines over the years for its rapid growth and…
This is to inform you that 7th Meeting of Committee of Creditors (CoC) was held on 10.12.2018.In the meeting, the Chairperson placed before the meeting the Resolution Plans received from two Resolution Applicants. The COC Members discussed and decided to invite the Resolution Applicants for their presentation on the Resolution Plans in the next meeting…
Sub: Outcome of 12th Committee of Creditors Meeting Ref: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 – Reg. With reference to the subject cited above, I would like to bring to your kind notice that the 12th Meeting of the Committee of Creditors (COC) of the Company held on…
December 11 (Renewables Now) – Australian perovskite solar cells developer Greatcell Solar Ltd (ASX:GSL) announced today its group of companies has entered into voluntary administration after failing to secure re-financing for its activities. The company has appointed BRI Ferrier administrators for Greatcell Solar Ltd, Greatcell Solar Industries Pty Ltd and Greatcell Solar Australia Pty Ltd…
WHILE the early part of November was caught up in shortened supply of slaughter cattle due to the October rain, numbers returned by mid-November and beef exporters turned in a creditable 95,469 tonnes for the month. According to Department of Agriculture and Water Resourcesthis takes the 11-month progressive tally for the calendar year to 1.033…
Shire not concerned awarding pool tender to company who went into administration in February The Shire of Northam has said they are not concerned that the company they have awarded tender to for the construction of a $10 million pool went into voluntary administration earlier this year. After 12 months of detailed design and tendering…
The matter, which involved Jaypees Noida-based township project, was brought before a bench headed by Justice Madan B. Lokur who said that it would come up for hearing before an appropriate bench. New Delhi: Chitra Sharma, a homebuyer, moved the Supreme Court on Monday against an order of the registrar declining to entertain an application…