More than 100 SA employees affected by the collapse of menswear chain Ed Harry will be paid their entitlements in full, but a far lower dividend is expected for unsecured creditors owed close to $12 million. Following a clearance sale of stock across the country, administrator KPMG closed the doors to the final few stores…
History: Muradel refocuses biofuel venture Adelaide scientists on the cup of biofuel breakthrough A regional energy start-up, which attracted millions from the Federal Government and was supported by local and interstate universities in its quest to develop a new industry creating hundreds of jobs, has been placed in voluntary administration. Whyalla-based Muradel, which described itself…
Dear Sir/Madam, Pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, kindly note that the fourth meeting of CoC of Kwality Limited was convened and conducted as per the provisions of the Insolvency and Bankruptcy Code, 2016 (Code) on 8th April, 2019 at 03:00 PM at The Claridges, Viceroy…
At the second meeting of creditors of Napoleon Perdis Cosmetics Pty Limited, creditors yesterday voted to support the Deed of Company Arrangement (DOCA) proposed by Henry Lee and Livia Wang of KUBA Investments Pty Ltd. Wang has a strong retail and e-commerce background as the Managing Director of Access Brand Management, a company which represents…
At the second meeting of creditors of Napoleon Perdis Cosmetics Pty Limited, creditors yesterday voted to support the Deed of Company Arrangement (DOCA) proposed by Henry Lee and Livia Wang of KUBA Investments Pty Ltd. Wang has a strong retail and e-commerce background as the Managing Director of Access Brand Management, a company which represents…
Dear Sir,Sub: Outcome of 7th CoC Meeting of M/s. Southern Online Bio Technologies Limited scheduled on 8thApril, 2019.With reference to the subject cited above, I would like to inform you that the following matters are theoutcome of the 7th Committee of Creditors Meeting of M/s. Southern Online Bio Technologies Limitedheld on 8th April, 2019.1. Discussed…
Mumbai: The dedicated bankruptcy court has admitted an insolvency petition filed by the Swiss emerging markets fund, ResponsAbility Fair Agriculture Fund, against livestock feed manufacturer Abhay Nutrition for defaulting on around $4.75 million (around Rs 33 crore) of advances. Maharashtra-based Abhay Nutrition is backed by the US-based and emerging countries focused fund SEAF and currently…
news, local-news, gavan reynolds, reynolds auctions, Paul Siderovski, Oakland York, loan shark, high interest, blue capital investments IMAGINE being trapped in a loan that a judge said had a legal interest rate of 120 per cent a year. A loan with “numerous” and “substantial” default fees and “enforcement costs” that multipled until a sheriff was…
In continuation of our earlier letter dated October 8, 2018, this is to inform you that Honorable National Company Law Tribunal (NCLT), Kolkata vide order dated 5th April, 2019 (Copy enclosed) has admitted the initiation of Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) in respect of…
news, local-news, gavan reynolds, reynolds auctions, Paul Siderovski, Oakland York, loan shark, high interest, blue capital investments IMAGINE being trapped in a loan that a judge said had a legal interest rate of 120 per cent a year. A loan with “numerous” and “substantial” default fees and “enforcement costs” that multipled until a sheriff was…