Disclosure under CIRPa) Mr. Kshitiz Chhawchharia, Regn No. IBBI/IPA-001/IP P00358/2017-18/10616 has been appointed as RP in place of Mr. Nilesh Sharma. b) Extension of period of CIRP- The CoC at its meeting held on 23.05.2018 moved an application to NCLT for the extension of period of CIRP u/s 12(2) of the IBC,2016.The Honble NCLT vide…
This is to inform that in response to the Expression of Interest (EOI) published on 15th June, 2018, inviting prospective Resolution Applicants to submit Resolution Plan for the Company, two entities viz., M/s BSL Engineering Services DMCC, UAE., and M/s RPMG Investment LLC, UAE., have submitted their EOI as on the last date of receipt…
Its safe to say that bike-sharing companies in Australia havent had the smoothest ride over the past 12 months. From unhappy local councils, to Melbournes former Lord Mayor declaring their bikes clutter, and users across the country gleefully dumping bikes in rivers, up trees, and on top of buildings, companies such as oBike and Ofo…
Just over a year since Bali’s iconic Ku De Ta first opened its doors in Perth, it has entered into voluntary administration. The business opened in March 2017 under the guidance of co-owner and founding director Guy Neale and executive chef Liam Atkinson. The entrance to Ku De Ta Perth. Photo: Supplied The opening of…
Related Story: Bike-sharing phenomenon set to stay in Sydney, but for how long? The future of oBike in Australia is uncertain after the bike-sharing company went into liquidation in Singapore and pulled out of operations in Melbourne. The company, which allows users to hire bikes through an app, cited government regulations…
NEW DELHI: Home buyers can now seek relief as financial creditors from bankrupt builders, and resolution professionals will have to determine within a stipulated time whether a corporate debtor undergoing bankruptcy resolution had indulged in a fraudulent transaction. The Insolvency and Bankruptcy Board of India (IBBI) has notified revised regulations for insolvency law, incorporating the…
Regional airline JetGo will be liquidated after a western New South Wales council was successful in its application in the Supreme Court today to wind up the company. JetGo serviced cities across regional Australia including Wollongong, Dubbo, Wagga Wagga, Albury, Rockhampton, Townsville, and Karratha. The company entered voluntary administration on June 1 and grounded…
Broome-based cruise ship business Ahoy Buccaneers has gone into voluntary administration. The management of operating company Bloo Moons Pty Ltd is now the responsibility of administrators Matthew Woods and Hayden White of KPMG Perth. A creditors meeting will be held at the Mercure Hotel in Broome on Monday (July 9) at 2.30pm. Prior to the…
Johnson Winter & Slattery (JWS) has elevated 12 senior lawyers as part of its latest promotions round. Five lawyers join the firms partnership, while the firm has also appointed a new special counsel and six new senior associates. JWS now lists 66 partners on its site. The new partners are Pravin Aathreya, Frances Dreyer, Andy…
Insolvency regulator IBBI has come out with a model timeline for the corporate insolvency resolution process (CIRP). The timeline has been spelt out assuming that the interim resolution professional (IRP) is appointed on the date of commencement of the process and the time available is 180 days, the Insolvency and Bankruptcy Board of India (IBBI)…