PUNE: Those who invested their hard-earned money in Lavasa are a worried lot, with the promoter of the scenic hill station facing insolvency proceedings. In a filing with the Bombay Stock Exchange, real estate firm HCC said the National Company Law Tribunal has admitted a plea filed by creditors, who initiated the corporate insolvency resolution…
MONTREAL, Aug. 31, 2018 /PRNewswire/ – BioAmber Inc. (the “Company”) (OTCPK: BIOAQ) announces that following a Court order issued on August 28th, 2018, the stay period ordered by the Court in connection with its restructuring process under the terms of the Companies’ Creditors Arrangement Act has been extended until September 18th, 2018, in order to give…
The liquidation of a company and sale of stressed assets on a piecemeal manner may not be the best way as valuations could further dip and may be detrimental to the interest of various stakeholders as also lenders. The Insolvency and Bankruptcy Code, seeking to facilitate resolution plans guided by the National Company Law Tribunals,…
The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances. The enactment of the Insolvency and Bankruptcy Code (IBC) has created a paradigm shift in the regulatory framework and processes governing corporate insolvency. The IBC has almost completed two years of enactment, and has seen multiple amendments through ordinances.With…
We would like to inform you that with a shorter notice vide the Notice dated 26 August 2018 issued by CA Vishal Ghisulal Jain, Interim Resolution Professional, the 1st meeting of the Committee of Creditors of Sterling International Enterprises Limited was held at The Orchid, 70/C, Nehru Road, Adjacent to Domestic Airport, Vile Parle (E),…
JOSEPH JOHNSON/STUFF Students from Avonmore Tertiary Institute are considering their next moves after the college announced its voluntary liquidation on Thursday. A Christchurch training college has gone into voluntary liquidation, leaving about 140 students and 25 staff in tears and unsure of their futures. Avonmore Tertiary Institute told staff, students, and government agencies on Thursday that it “can no longer…
The Hyderabad Bench of the National Company Law Tribunal has permitted corporate insolvency proceedings against Ind-Bharat Energy (Utkal Limited), as per the provisions of the Insolvency and Bankruptcy Code, 2016 paving the way for resolution. The Tribunal, while delivering its order on petitions filed by Bank of Baroda and Macquarie arm MAIF Investment India pte…
Dear Sir/Madam, This is to inform you that Castex Technologies Limited (“CTL”) is undergoing the Corporate Insolvency Resolution Process under the provisions of the Insolvency and Bankruptcy Code, 2016 (“Code”), in terms of order passed by the Honble National Company Law Tribunal (“NCLT”), Chandigarh Bench, with effect from 20th December,2017. Mr. Dinkar T. Venkatasubramanian was…
The National Company Law Tribunal vide its order dated 30/08/2018 has admitted a plea filed by operational creditors who initiated Corporate Insolvency Resolution Process (CIRP) against Lavasa Corporation Limited under the Insolvency and Bankruptcy Code 2016 (IBC). NCLT has appointed Mr. Devendra Prasad as Interim Resolution Professional under the provisions of the IBC. Lavasa Corporation…
Dear Sir / Madam, We would like to inform you that meeting of 16th Committee of Creditors of ABG Shipyard Limited is scheduled to be held on Monday, 03rd September 2018 at 02:30 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Worli Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra. You are requested to take…