Family owned and operated local business Peters Coaches went into liquidation owing more than $3.7 million to creditors the Australian Securities and Investments Commission has reported. The business closed up shop on December 11th, 2017. It was then placed into liquidation at the direction of shareholders. It is believed that the business began to experience financial…
AdvertisementUnilifes First Amended Combined Disclosure Statement and Chapter 11 Plan of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on December 13, 2017. Advertisement BankruptcyDatas detailed Plan Summary notes, The Bankruptcy filing and Plan of Liquidation attempt to implement a proce……
HACKED – Managing Personal and Company Reputation under Mandatory Reporting Cyber risk attracts a lot of headlines. It deserves to. Cyber is one of the most acute risks facing Australian businesses and it is only going to increase as criminals get easier access to more sophisticated tools, and Australias mandatory data-breach reporting begins in February…
Mossgreen auction; image mossgreen.com The end of the year is a time for reflection and change for many, but for one of Australias leading auction houses, the end of 2017 signaled not only a shifting of gears, but a slamming on of brakes. On the last business day…
HYDERABAD: In an interesting twist of developments, weeks after the National Company Law Tribunal (NCLT) rejected the insolvency petition filed by Anrak Aluminium in the ‘interest of the nation’, the banking regulator Reserve Bank of India (RBI) has directed the lead lender State Bank of India (SBI) to move the tribunal seeking insolvency. Anrak Aluminium…
Gujarat NRE Coke faces liquidation process as creditors reject resolution plan Gujarat NRE Coke (GNCL) is likely to face liquidation process as the creditors of the company have rejected the resolution plan, submitted by an Ahmedabad-based asset reconstruction company (ARC) Rare Asset Reconstruction under the corporate insolvency resolution process.Following this to save the company from going…
PETERS Coaches went into liquidation owing more than $3.7 million to creditors, according to the latest report lodged with the Australian Securities and Investments Commission. Peters Coaches, a family-owned and run company that was in business for nearly seven decades, closed its doors on Monday, December 11, and was placed into liquidation at the direction…
A file photo of a paper mill. Telangana-based Sirpur, one of the oldest paper mills in the country, shut operations in September 2014 following successive quarterly losses. Photo: Bloomberg Mumbai: Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has…
New Delhi: The government has no plans to waive off corporate loans and banks while banks have advised to either resolve their issue of non-performing assets (NPAs), or stressed loans speedily, or start insolvency proceedings in this regard, Parliament was informed on Friday. In a written reply to the Lok Sabha, Minister of State for…
By: PTI | New Delhi | Published: December 29, 2017 5:26 pm Shiv Pratap Shukla was replying to a question if the government has taken note on nation-wide strike by bank employees against various moves, including increase in bank charges, merger of banks and waiver of corporate loans. Related News The government on Friday said…