The ambitious large scale solar and battery storage developer Lyon Infrastructure says it has placed one of its units into voluntary administration following a legal spat with one of its investors but insists its broad plans will still go ahead. In a statement on Monday, in response to enquiries by RenewEconomy, Lyon said it had…
A former business liquidator has been sentenced to seven years jail time after he was found to have committed three counts of fraud during the liquidation of a company in 2017. As part of an investigation by the Australian Securities and Investments Commission (ASIC), the Queensland-based liquidator was sentenced on Friday after it was found…
MUMBAI: The Reserve Bank of India (RBI) is understood to be weighing a plan to incentivise lenders to take errant borrowers to bankruptcy court. Its part of the regulatory countermove that RBI is working on to overcome hurdles in the wake of a recent Supreme Court ruling. A month ago, the apex court struck down…
NEW DELHI: The resolution of 94 stressed assets achieved around 43% debt recovery as of 31 March, 2019, amounting to 75,000 crore since the inception of the Insolvency and Bankruptcy Code (IBC) in 2016, a report said. The total recovery as of March-end stood at 75,000 crore, against the total claim of 1.75 lakh crore…
news, latest-news, MEMBERS of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said the meeting, only open to members, took 40 minutes to complete, and it went very smoothly. “We…
Jobs lost as courier SGM Distribution goes into liquidation 2 May 2019 Image copyright SGM Distribution A total of 16 jobs have been lost after a courier company with depots in Aberdeen and Letham in Angus went into liquidation. SGM Distribution said 51 of its employees have been taken on by a new employer. The…
news, local-news, MEMBERS of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said the meeting, only open to members, took 40 minutes to complete, and it went very smoothly. “We…
The members of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said that the meeting, that was only open to members, took 40 minutes to complete, and that it all…
Image copyright SGM Distribution A total of 16 jobs have been lost after a courier company with depots in Aberdeen and Letham in Angus went into liquidation. SGM Distribution said 51 of its employees have been taken on by a new employer. The company has a fleet of 47 vehicles. Liquidators at MHA Henderson Loggie…
A bankruptcy court has ordered liquidation of debt-laden ABG Shipyard Ltd after lenders rejected an offer by the sole bidder Liberty House. The development comes almost two years after the Reserve Bank of India asked lenders to initiate bankruptcy resolution proceedings against ABG Shipyard and 11 other companies under the Insolvency and Bankruptcy Code (IBC).…