Australian media mogul Bruce Gordon has lost his court case against the Ten Network’s administrators KordaMentha and US media giant CBS. Key points: Media owners had argued the creditors’ report was deficient because it only presented information about the CBS bid However, the judge was not satisfied there were any deficiencies in the report…
VANCOUVER (miningweekly.com) Canadian alluvial diamond miner Rockwell Diamonds said Friday it remains in the dark as to why business rescue practitioner (BRP) Metis Strategic Advisors had chosen on Thursday to file a motion in the Kimberley High Court to place the three subsidiaries back in provisional liquidation, when a rescue offer is set to be…
Only hours before the administrator of the failed home automation group Leisuretech who own the A Bus patent, was set to recommend that the Company be placed into liquidation, he was approached with an offer to settle by the directors of the failed Company, however as of today no offer has been made. Questions are…
MUMBAI: The tax office is reopening old records of many companies that have wound up and no longer exist in the books of the government something the revenue department has rarely done in the past. Former directors of such closely-held private companies, which have received tax notices along with the official liquidators, fear they could…
The public sector behemoth Steel Authority of India Ltd. is planning to commence work on the Tasra coking coal project with Lanco Infratech Ltd. against whom a corporate insolvency resolution process has been initiated. Work is scheduled to begin formally soon and a ceremonial unveiling is scheduled for September 17 the day of Vishwakarma Puja…
The public sector behemoth Steel Authority of India Ltd. is planning to commence work on the Tasra coking coal project with Lanco Infratech Ltd. against whom a corporate insolvency resolution process has been initiated. Work is scheduled to begin formally soon and a ceremonial unveiling is scheduled for September 17 the day of Vishwakarma Puja…
Sep 16, 2017 01:32 PM IST | Source: Moneycontrol.com Futuristic Offshore has informed that pursuant to the filing of Corporate Insolvency Resolution Process (CIRP) under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons), Regulations, 2016, the application of the Company has been admitted by NCLT under Section…
The CEO of Queensland based distributor E3 Style Vanessa Garrard claims that her Company, has not been placed into liquidation, she claims that E3 Style, which is suffering from cash flow problems, was deliberately placed into voluntary administration. Garrard claims that the Company became the largest licensed electronics distributor in Australia and that her Company…
Hyderabad: Insovlency and Bankruptcy Board of India (IBBI) will soon register 100 more insolvency professionals (IPs). It currently has 940 has IPs registered with it, said Navrang Saini, whole time member, IBBI. The process will be continuous. We carry out a due diligence of the applications that come to us. The applications come to us through…
Hyderabad: The Insolvency and Bankruptcy Board of India (IBBI), which was set up on October 1, 2016, under the Insolvency and Bankruptcy Code, 2016, has so far registered around 940 insolvency professionals (IPs) and is in the process of adding another 100 IPs over the next few months, IBBI wholetime member Navrang Saini said here…