An Expression of Interest from investors to revive Nagarjuna Oil Corporation (NOC) has been invited by the Insolvency Resolution Professional appointed by the National Company Law Tribunal (NCLT). Financial investors mutual funds, private equity and venture capital funds, domestic or foreign investment institutions and others may also apply. A Corporate Insolvency Resolution Process…
Thursday, October 19, 2017 What is the GDPR? The General Data Protection Regulation (GDPR) is an EU regulation designed to strengthen and harmonise data protection rules for processing data of all individuals within the EU and covers the transfer of such personal data outside the EU. One of the aims of the new legislation is to give control back to individuals over…
Orlando, Fla., Oct. 19, 2017 (GLOBE NEWSWIRE) — CNL Growth Properties, a real estate investment trust (REIT) which invested in the development of Class A multifamily communities in the mid-Atlantic and Sun Belt regions of the United States, has completed the successful liquidation of its portfolio according to the plan approved by shareholders in August…
AdvertisementThe U.S. Bankruptcy Court approved Gordmans Stores Disclosure Statement on a final basis and concurrently confirmed the Companys Joint Plan of Liquidation. Advertisement According to documents filed with the Court, The Plan contemplates a liquidation of each of the Debtors and their Estates and is therefore referred to as a plan…
Dick Smith shareholders who bought into the retailer’s $520 million initial public offer almost four years ago may be able to recoup some of their investment by joining a second class action against the failed retailer. Litigation funder ICP is finalising funding for a $200 million shareholder class action against Dick Smith after spending the last six months trawling through…
The creditor claim for embattled Ballarat windows and doors company Lontana Pty Ltd is set to run into the hundreds of thousands as more than 100 clients, suppliers and employers join the line-up to receive a cut. A liquidation notice on the Ring Road warehouse which was used by Lontana and Ballarat Windows and Doors.…
A MANUFACTURER of garden furniture in Thornbury has gone into liquidation after 30 years of trading. Britannic Furniture Ltd, based on Cooper Road in Thornburys industrial estate, manufactured and sold hardwood garden furniture to the general public as well as to the likes of the National Trust and cemeteries. The Bristol office of accountants Marzars…
Mumbai: Innoventive Industries has challenged the interim resolution professional’s (IRP) proposal to liquidate the company at the National Company Law Tribunal (NCLT) on grounds that three of its 21 lenders are creating hurdles in reviving the company. Innoventive Industries was the first case referred to the tribunal by ICICI Bank after the new Insolvency and…
ET Bureau| Updated: Oct 19, 2017, 11.30 AM IST The extended deadline for Nicco’s debt resolution expired on October 13. EXPAND TO VIEW ALL Kolkata: The National Company Law Tribunal (NCLT) has ordered liquidation of Nicco Corporation, a specialised cable maker and a defaulter of nearly Rs 300 crore of bank loans, and one of…
The Australian Tax Office is $535,000 out of pocket after the building company of Joe Scaffidi, the husband of Perths embattled Lord Mayor Lisa Scaffidi, folded in August. The company, Premier Building Solutions, is one of the entities caught up in the long-running legal brawl between Mr Scaffidi and his estranged brother, Gino. In 2014…