Guernsey airline Waves has announced today that its parent company, Waves Technologies Ltd is going into voluntary liquidation. WO1 Ltd which includes the Waves aviation company, remains trading and hopes to confirm a trade sale over the next few weeks. Waves has not taken any bookings since earlier this year. It is with a heavy…
Dear Sir / Madam, We would like to inform you that meeting of the 04th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 18th September 2018 at 02:00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…
Balmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago. Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to…
The National Company Law Appellate Tribunal has ordered liquidation of Kamineni Steel & Power (KSPL), scrapping the lower bankruptcy courts decision clearing a debt resolution plan that didnt have the approval of 75% of the companys lenders. The order came on a challenge by Indian Overseas Bank, which moved the appellate body after the National…
A Munich district court has rejected a claim brought by a German bank against a customer who refused to repay their gambling debt, further complicating the countrys payment blocking regime. A February ruling, which became final last week, held that Landesbank Berlin could not hold a Visa credit card holder responsible for a gambling debt…
Balmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago. Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to…
Luke Baylis is back in charge at SumoSalad, heading up the healthy fast food chain after putting the business into voluntary administration in July this year. Weve had a full bill of health. The team have been incredibly supportive, they are very passionate. Its been a tough time but its been incredibly positive and a fresh start…
12 September 2018 Egypt’s Ministry of Public Sector has announced that the National Cement Co (NCC) has fallen into liquidation. NCC’s kiln lines had been shutdown since 31 May 2018. Minister Hisham Tawfik announced that the company had lost EGP900bn (US$50bn) in the past year. The factory is also heavily in debt, owing EGP4.4bn…
Business rescue practitioners appointed to save a Gupta business have filed an application for the liquidation of the Gupta’s flagship company, Oakbay Investments, as a result of its failure to pay rent to another Gupta-owned company, Tegeta. In court papers filed in the Johannesburg High Court on Tuesday, Kurt Knoop, one of the business rescue…
The total debt of Jaypee group has crossed over 70,000 crore and the same has come down below 30,000 crore after the group sold cement and other businesses. Photo: Mint New Delhi: Leading private sector lender ICICI Bank has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT). The Allahabad bench…