Mumbai: A new amendment to corporate insolvency regulation prescribing stringent punishment for successful resolution applicants who fail to make promised payments is likely to protect the new bankruptcy law from frivolous bidders, lawyers said. The amendment comes after recent cases of backtracking by winning bidders in taking over debtladen companies. The latest of such example…
Image: Coolgardie Minerals Latest News Coolgardie Minerals has entered voluntary administration just months after gold production launched at its Geko project in Western Australia. The miner will put its Geko project up for sale while exploring other debt restructuring and capital raising alternatives. Mining issues at Geko had led to delays and significant additional costs,…
This is to inform you that the 13th meeting of the Committee of Creditors (CoC) of Sterling Biotech Limited (under Corporate Insolvency Resolution Process) (the Company) was held on Wednesday, 27th February 2019 at 10:00 A.M. at IMC Bldg., IMC Marg, Churchgate, Mumbai – 400 020, Maharashtra, India. The e-voting on the resolution put to…
Hyderabad: The National Company Law Tribunal (NCLT) ordered an initiation of corporate insolvency process in respect of Indu Projects Ltd. The company is accused in at least half a dozen CBI and Enforcement Directorate (ED) cases in YS Jaganmohan Reddy disproportionate assets episode. However, the order is likely to result in further litigation from ED,…
American Assets Investment Management Llc increased its stake in Macquarie Infrastructure Cor (MIC) by 33.33% based on its latest 2018Q3 regulatory filing with the SEC. American Assets Investment Management Llc bought 10,000 shares as the companys stock declined 13.35% with the market. The institutional investor held 40,000 shares of the oil refining and marketing company…
NEWCASTLE law firm Roberts Legal has expanded and opened a city base close to the NSW Courts complex in Hunter Street. Husband and wifeand company co-directors Sam and Anna Roberts opened the firm in 2007 in Adamstown. The company will keep its Brunker Road operation but has relocated its corporate and commercial division to premises…
SMALL business owners have expressed concerns they may be locked into long-standing contracts after the closure of a Coast company which provided “free social media and digital marketing services. Rebl Corp staff walked out of its Nicklin Way office building yesterday morning after reportedly being told they had lost their jobs. When the Daily visited…
HOME Fundraising has today (1 March) announced that it is entering into voluntary administration, after more than 16 years of delivering door-to-door fundraising services for charities across the UK. All 16 regional offices have suspended operations and HOMEs staff base of over 600 employees have today entered into a redundancy consultation. Administrators from H W…
Insolvency Solicitor NQ+ PW/1059 Our client is a longstanding and highly regarded commercial firm in Lancashire. It is a firm that has continued to defy the myth that high quality work can only be the preserve of large city practices. The firm has grown organically over the years but represents a real key player in…
Update on the voting results of the 17th meeting of the Committee of Creditors of Viceroy Hotels Limited (CoC). This is to inform you that the e-voting on the resolutions put to vote at the 17th meeting of the CoC of the Company commenced on 28 February 2019 at 02:00 p.m. and concluded on 01…