Category Archives: Liquidation

Crisis-hit construction firm Carillion goes into liquidation after government talks fail, putting thousands of jobs … – Business Insider

Carillion placed into liquidation after six-month battle to get on top of its £1.5 billion debt pile. Construction giant employs 19,500 people and is a major government contractor. The government is stepping in to pay Carillion staff working on government contracts. LONDON Crisis-hit construction firm Carillion on Monday announced it is going into liquidation after…

PFI deals secure backing after Carillion’s collapse dents confidence – Financial Times

Patrick Jenkins, Financial Editor January 24, 2018 Senior City of London figures have issued an impassioned plea that the collapse of Carillion and the crisis of confidence in public-sector outsourcing it has caused should not spell the end of collaboration between government and business through the private finance initiative. Carillion was put into liquidation last…

Automated dispensary distributor Dose Innovations enters administration – Pulse+IT

Written by Kate McDonald on 24 January 2018. Dose Innovations, which distributes the Rowa automated dispensary and inventory management system from Becton Dickinson (BD) to Australian pharmacies, has called in the administrators. The Brisbane firm, which set up by pharmacist Robert Allen in 2012 and has installed over 100 robotic systems in community pharmacies around…

President promulgates amendment to insolvency and bankruptcy law – Vantage Asia

The Insolvency and Bankruptcy Code (Amendment) Ordinance, 2017, dated 23 November 2017, was promulgated by President RN Kovind to amend the provisions relating to the insolvency resolution process contained in the Insolvency and Bankruptcy Code, 2016. The ordinance has made several amendments in order to bring clarity to the resolution process under the code. Some…

Edelweiss ARC, Srei arm among bidders for Adhunik Group firms – Financial Express

Twenty-four firms had expressed interest in submitting resolution plans for the four companiesAdhunik Metaliks, Orissa Manganese & Minerals, Zion Steel and Adhunik Alloys & Power. As many as eight entities, including Edelweiss Asset Reconstruction Company and SREI Infrastructure Finance, have submitted their proposed resolution plans for four bankrupt Adhunik Group companies, which are under the…

Singaporean Keppel announces liquidation of its indirect subsidiary in Azerbaijan – AzerNews

22 January 2018 12:07 (UTC+04:00) 286 By  Trend Singaporean Keppel Corporation Limited has announced about voluntary liquidation of Caspian Shipyard Company (CSC) in Azerbaijan, said a message on the corporations website. Keppel Corporation Limited (KCL) wishes to announce that its indirect subsidiary, Caspian Shipyard Company LLC has commenced a members voluntary liquidation following the expiration of…

Liquidated NZ company organising Wanderlust yoga festival owes $1.6m – Stuff.co.nz

Yoga Events Australia New Zealand owes $1.6 million to 128 creditors. The New Zealand company in charge of organising Wanderlust yoga festivals here and across the ditch owes at least $1.6 million. Yoga Events Australia New Zealand directed and owned by Jonnie Halstead, was placed in liquidation on January 12, the appointed liquidator John Scutter’s first…

Co-founder Shailendra Singh files Insolvency Petition against Percept – ETBrandEquity.com

Shailendra Singh, former managing director at Percept Ltd, has dragged his estranged brother Harindra Singh to the National Company Law Tribunal and sought insolvency of the Mumbai-based media and entertainment group that he co-founded to clear his dues. In March last year, Shailendra Singh had stepped down as MD of Percept, which he had been…

Company liquidation sheds doubt on Taup yoga festival – Radio New Zealand

The New Zealand and Australia arm of the international yoga festival Wanderlust has gone into liquidation owing an estimated $1.6 million. Wanderlust’s chief executive said they were working to ensure the Taup event went ahead, but if it did not ticket holders would receive a full refund (file photo). Photo: 123RF The annual festival attracts…

DEADLINE: Kimberley Kampers told to pay employees, creditors – Northern Star

A TWO-month deadline has been set for Ballina-based caravan company, Kimberley Kampers, to pay back its employees and creditors after a rescue package was passed at this week’s creditors meeting. Sydney-based administrator Steven Nicols, of Nicols and Brien Business Recovery, said an overwhelming majority of the more than 50 employees and other stakeholders at the…