THE director of a failed Sunshine Coast shopfitting company will make a settlement offer to creditors next month. The business, KDH Enterprises which operated as KDH Design, went into liquidation in February 2017. It employed 30 staff and had clients throughout Australia and New Zealand such as Jeanswest, Bras N Things, Billabong and Surf Dive…
In a first, the Department of Telecommunications (DoT) has constituted an Insolvency Issues Committee to examine how it can protect its interest in cases where telecom operators are undergoing insolvency proceedings. The moves comes as two operators Aircel and Reliance Communications (RCom) are undergoing bankruptcy proceedings. As per rules under the Insolvency and Bankruptcy Code…
Subject: Disclosure under Regulation 30(2) read with Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 – Post – facto intimation of the First Meeting of Committee of Creditors of Punj Lloyd Limited Dear Sir/Madam, Pursuant to Regulation 30 (2) of Securities and Exchange Board Of India (Listing…
Sub: Notice of 13th Meeting of Committee of Creditors (CoC) of Uttam Value Steels Limited (Corporate Debtor) Pursuant to the provisions of Regulation 30 [Schedule III, Part A, Clause A (16) (g)] of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 we wish to inform you that the 13th…
Offshore Marine Management Limited has engaged insolvency practitioner Smith & Williamson to seek creditors voluntary liquidation. OMM director Rob Grimmond has proposed creditors of the company nominate Richard John Lewis and Gilbert John Lemon of Smith & Williamson to act as joint liquidators. The appointment will be made following a resolution to wind-up the company…
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…
Crikey readers discuss solutions to political advertising and what insolvency firms mean for our economic health. (Image: AAP/Darren England) Yesterday we asked readers for suggestions of what could be done about political advertising in Australia (which Bernard Keane says is as much a scam to benefit political parties advertiser mates as anything else). Unsurprisingly, readers…
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…