Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing down of its standalone net…
New Delhi, Nov 16 () Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing…
HONG KONG, Nov 16 (Reuters) – China Huishan Dairy Holdings Ltd, which earlier this month said it had come to an agreement with a majority of Chinese creditors on a debt restructuring, said it instructed lawyers to prepare for its provisional liquidation. Chinas largest integrated dairy company said on Thursday it had issued the instruction…
A partner at Newcastle-based Hay & Kilner has called on the Chancellor to announce measures which would improve and reinforce the country’s corporate insolvency framework. Neil Harrold, who is also chairman of R3 in the North East, has stressed that with the latest official figures showing a 15 per cent year-on-year rise in the number…
Late night venue Supermild has permanently closed, with liquidators visiting the site yesterday afternoon, says its owner Sam Lisy. Supermild is no more read a post to the venues Facebook page this morning, when Lisy announced her business had been put into liquidation. Sam Lisy tells The Adelaide Review that the end of Supermild was…
Australian mobile phone repair firm, 101 IT Solutions, which traded as Fonebiz, has gone into liquidation just over a month after being placed into voluntary administration. Domenic Calabretta, of Mackay Goodwin, was appointed as liquidator on 15 November after creditors voted in favour of winding up the company, which had been in administration since October.…
Australian mobile phone repair firm, 101 IT Solutions, which traded as Fonebiz, has gone into liquidation just over a month after being placed into voluntary administration. Domenic Calabretta, of Mackay Goodwin, was appointed as liquidator on 15 November after creditors voted in favour of winding up the company, which had been in administration since October.…
By Denise Wee November 15, 2017, 2:09 AM EST What a debt restructuring at Noble Group Ltd. might look like has become an even more pressing question after the beleaguered commodity trader started talks with stakeholders on potential options to address its capital structure. The company said discussions are at a preliminary stage and in…
Lanco Infratech’s standalone loss swelled to Rs 575.43 crore in the quarter ended September 30, due to lower revenues . The company’s standalone loss stood at Rs 150.63 crore in the same quarter last fiscal, Lanco Infratech said in a BSE filing today. According to the statement, the company’s total income declined to Rs 21.21…
St Helier, Jersey, 2017-11-14 14:00 CET (GLOBE NEWSWIRE) — Delisting of Black Earth Farming Ltd. Last day of trading 13 December 2017 St Helier, Jersey, 2017-11-14 14.00 CET (GLOBE NEWSWIRE) — On 11 August 2017 the Annual General Meeting of Black Earth Farming Ltd. (the “Company”) resolved to instruct the Board of Directors to…