New Delhi, Dec 7 () Puravankara and Godrej Properties are among at least six companies that have expressed interest in submitting resolution plan for Amrapali Silicon City, a group firm of debt-ridden realty firm Amrapali. Investments of thousands of home buyers are stuck due to huge delays by Amrapali group in completion of projects, forcing…
New Delhi, Dec 7 Puravankara and Godrej Properties are among at least six companies that have expressed interest in submitting resolution plan for Amrapali Silicon City, a group firm of debt-ridden realty firm Amrapali. Investments of thousands of home buyers are stuck due to huge delays by Amrapali group in completion of projects, forcing them…
BRISBANE-BASED company, Blue Ribbon Seed and Pulse Exporters Pty Ltd, has gone into liquidation following an application from Bean Growers Australia (BGA) filed last month in the Supreme Court of Queensland. The Australian Securities and Investment Commission has stated, Peter Dinoris, of Artemis Insolvency has been appointed as the liquidator. This step may see the…
NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT’s shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its…
Precedent Communications, the contractor behind Australia’s biggest-ever data breach, has been liquidated 13 months after the incident went public. It was revealed in October 2016 that the personal records of 550,000 donors to the Red Cross Blood Service were exposed online, including names, gender, physical and email addresses, phone numbers, dates of birth, and countries of birth.…
Mining shell Ausroc Metals has received shareholder support for a reverse takeover of unlisted public company Woomera Exploration, which has a portfolio of projects prospective for lithium, cobalt and nickel. Shareholders this week approved the acquisition as part of a recapitalisation proposal aimed at pulling the company out of liquidation. In its past life, Ausroc…
Secures an interim finance facility up to Rs 100 cr from ECL Finance Amtek Auto announced that pursuant to agreement of Committee of Creditors for raising interim finance on 06 October 2017, the Company has entered into an agreement with ECL Finance, a Mumbai based subsidiary of Edelweiss Financial Services and availed interim finance…
TWO years after starting liquidation proceedings, the future is still unclear for creditors of a 60-year-old family-owned Toowoomba company. TFD Joinery Works ceased trading in September of 2015, but with all tangible assets sold, creditors are now waiting on court action to determine whether they will see any returns. Some may not even see a…
THE likely new owner of Cook Colliery mine promises to be “very different” to the now liquidated company which was at the helm when more than 100 people lost their jobs. Bounty Mining expects the sale of the formerly Gaungdog Rising Asset Management-owned mine to settle this week after more than three months of hurdles.…
Banks and other lenders must be breathing a sigh of relief, and celebrating an early “Christmas gift” from the Supreme Court of Appeal. The gift was delivered in Diener NO v Minister of Justice (926/2016) [2017] ZASCA 180 (1 December 2017). Two of the questions before the court were: whether or not a business rescue…