The RBI has directed lenders of Lanco to initiate corporate insolvency proceedings against the company under the Insolvency and Bankruptcy Code Mumbai, July 10: A week after New Delhi-based Hindustan Powerprojects encashed bank guarantees of Lanco Infratech worth 500 crore, due to unfulfilled contractual obligations at the latters 2,520MW Anuppur thermal power plant, the sub-contractors…
Jawbone Up 4 wearable fitness tracker
Jawbone Inc. is liquidating, though its chief executive officer is starting again with a company that moves out of the fitness-tracker business in favor of health-related products, an area that deeper-pocketed rivals also are entering. Founded in 1999, Jawbone was once a darling of Silicon Valley and regarded as a pioneer in wearable technology. Yet…
AdvertisementAbengoa Bioenergy US Holdings Third Amended Joint Plans of Liquidation became effective, and the Company emerged from Chapter 11 protection. The U.S. Bankruptcy Court confirmed the Plan on June 8, 2017. BankruptcyDatas detailed Plan Summary notes, Abengoa, S.A. also agreed in the Master Restructuring Agreement to implement plans of liquidation with respect to Non-Go Forward…
TOM PULLAR-STRECKER/STUFF Liquidators have not yet been able to dig any money out of a failed Manawatu business for creditors. The director and owner of a Manawatu aircraft refurbishment company has been bankrupted by liquidators hoping to squeeze more money out of the failed business. Milson Aerospace was placed into liquidation in 2015 at the request of freight company DHL Global…
TOM PULLAR-STRECKER/STUFF Liquidators have not yet been able to dig any money out of a failed Manawatu business for creditors. The director and owner of a Manawatu aircraft refurbishment company has been bankrupted by liquidators hoping to squeeze more money out of the failed business. Milson Aerospace was placed into liquidation in 2015 at the request of freight company DHL Global…
TOM PULLAR-STRECKER/STUFF Liquidators have not yet been able to dig any money out of a failed Manawatu business for creditors. The director and owner of a Manawatu aircraft refurbishment company has been bankrupted by liquidators hoping to squeeze more money out of the failed business. Milson Aerospace was placed into liquidation in 2015 at the request of freight company DHL Global…
Hundreds of people swarmed the lobby of Atlantic Citys Trump Taj Mahal casino on Thursday, hoping to score big. But they werent gamblers. They were bargain hunters searching for rock-bottom deals at a liquidation sale of the contents of the ostentatious casino that Donald Trump built in 1990 as a monument to excess and glitz.…
Cash-strapped state-owned airline SA Express is facing an application for liquidation because it cannot pay its debts. The application has been brought in the Gauteng High Court by aircraft leasing company Solenta Aviation on the basis of the nonpayment of R87.3m and would be heard on August 11, if it is not opposed. But SA…
NEW YORK–(BUSINESS WIRE)–Gleacher & Company, Inc. (OTC Pink: GLCH) (the Company) announced today that the Board of Directors has determined to make a fifth liquidating distribution to Company stockholders in the amount of $0.80 per share of the Company’s common stock (approximately $4.95 million in the aggregate). The record date for this distribution is July…