Directors George Beattie Snr and George Beattie Jnr were both disqualified from acting as company directors for seven years by order of the Glasgow Sheriffs Court, while Michelle Beattie was disqualified for three-and-a-half years following an investigation from the Insolvency Service. Glasgow-based George Hunter (Demolishers) went into liquidation on 20 April 2015 owing £1,755,782 to…
Tapit Media Nearly two years after launching in Australia mobile CX company Geronimo, led by Amobee’s former MD Matt Hunt, has acquired Tapit Media; a global tech platform enabling Near Field Communications (NFC) for marketing. Hunt says NFC technology is a major growth area in mobile marketing and the deal brings proprietary technology, data and…
NEW YORK, Aug. 09, 2017 (GLOBE NEWSWIRE) — New York REIT, Inc. (NYSE:NYRT) (the “Company” or “NYRT”), which is liquidating and winding down pursuant to a plan of liquidation, announced today its financial results for the second quarter ended June 30, 2017. Financial Results Liquidation Basis of Accounting As a result of NYRTs shareholder approval…
Hyderabad: In a setback for city-based infra player Lanco Infratech, that has been saddled with a humungous debt of around Rs 43,000 crore, the National Company Law Tribunal (NCLT) has given its nod for initiating insolvency and bankruptcy proceedings against the company. Lanco Infratech on Wednesday informed the bourses that the NCLT, Hyderabad Bench, vide…
AdvertisementThe U.S. Bankruptcy Court issued an order converting Westech Capitals Chapter 11 reorganization to a liquidation under Chapter 7. The order states, The Court finds that it is in the best interests of the estate and creditors for this case to be converted to one under chapter 7 and that no party in interest objected.…
Golf course produces less of a loss | Poll exit IT WASNT a profit, but it was less of a loss. Leeton Shire Council has released its 2016-17 financial year figures for the towns golf course. While the facility still isnt close to turning a profit, in fact not many in the state do, the…
Telstra partner, Interactive Telecoms, has gone into voluntary administration after the company was hit by financial difficulties arising from ongoing changes in the way Telstra structures its commissions for licensed retailers. According to the companys former business development manager, Andrew Wulff, the changes to the commission structure – which sees the telco remunerate licensed retailers…
FASHION SAVVY: Hilton Seskin, left, is a veteran retailer behind Glue, Topshop and JD Sports outlets. Picture: Louie Douvis, Priscillas modelling agency A retail mogul who brought the Topshop label to Australia has been revealed as the mystery buyer of a historic building in Hunter Street mall. The Newcastle Herald has confirmed Hilton Seskin, a fashion industry veteran and…
HDFC Banks senior official has cautioned on use of the Insolvency and Bankruptcy Code (IBC) as various banks rush in to file large corporate non-performing loan accounts to the insolvency courts. “In general, the Code is good and one more resolution mechanism that has timeline around it. However, it should be used with prudence and…
LONDON (Reuters) – An alleged million-dollar pyramid scheme which is registered in Britain has gone into liquidation, the first step in the process of recovering its assets and distributing them to creditors. Reuters reported last year how the venture, known as EuroFX, allegedly scammed thousands of investors in China and other countries. EuroFX had a…