MUMBAI: Realty developers cannot use the force majeure clause for financial crisis and lack of approvals in any project, ruled the Maharashtra Real Estate Regulatory Authority in a recent order against Hindustan Construction Companys subsidiary Lavasa Corporation. In a matter related to a homebuyer Mudhit Guptas complaint against Lavasa seeking refund and compensation for failing…
Reported by Bikebiz, news has broken over the weekend of the voluntary liquidation of Factory Media Ltd, owners of multiple sports media brands including Total womens Cycling, Dirt, RCUK and RideUK. Accountants, Chamberlain & Co, have been appointed to oversee the liquidation. While the Factory Media company itself was sold to Forward Internet Holdings in 2012…
Factory Media, the parent company of fifteen websites and magazines, including six cycling titles, is entering liquidation, road.cc has learned. Factory, which was founded in 2006, owned and operated Road Cycling UK, Total Womens Cycling, Ride UK, Dirt Mountain Bike and Bike Magic, all of which are likely to close following the news. In a…
Residents in apartments bound in combustible cladding fear they will have no option but to pay millions of dollars to make their homes safe again, after construction company Hickory placed its subsidiary, H Buildings, into voluntary administration. Key points: A major Melbourne building company facing millions of dollars in claims for combustible cladding has…
Residents in apartments bound in combustible cladding fear they will have no option but to pay millions of dollars to make their homes safe again, after construction company Hickory placed its subsidiary, H Buildings, into voluntary administration. Key points: A major Melbourne building company facing millions of dollars in claims for combustible cladding has…
Simon Romana, also known as Hai and Haimana, founded Ira NRG in 2010 to turn sewage into electricity. The company folded soon after. An energy company, whose founder claimed he could turn sewage into electricity, has finally met its demise, eight years after it was banned for selling shares without a prospectus. The liquidation of…
The Company informs that the Fifth (5th) Meeting of Committee of Creditors of Ricoh India Limited under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 was held on Thursday, 6th September 2018. This is a Post Facto intimation of the Committee of Creditors Meeting. Pdf…
Local Aussie ice-cream maker Bon Appetit Australia has entered voluntary administration after ongoing issues with the business, with creditors reportedly owed over $1 million. Established back in 1980, Bon Appetit is a family business that started out as a small Melbourne gelateria on Chapel Street. In 2011, the company began producing and supplying ice cream and…
Simon Romana, also known as Hai and Haimana, founded Ira NRG in 2010 to turn sewage into electricity. The company folded soon after. An energy company, whose founder claimed he could turn sewage into electricity, has finally met its demise, eight years after it was banned for selling shares without a prospectus. The liquidation of…
Jude Petheram Investors in Forestlands NZ Ltd say they have little hope of receiving their promised returns as the company goes into liquidation. Forestlands put up no contest when the Financial Markets Authority (FMA) sought the liquidation of 18 of its subsidiary companies, the latest development in an ongoing series of troubles for the company. The application…