The outcome of the 21st meeting is:1. The RP said that V.6 of the list of Creditors had been submitted to NCLT,uploaded on the website of the Co.&shared with CoC; 2.The CoC said about the exclu. appl. for 24 days filed by the RP with NCLT, on 08.02.19 due to time taken to re-conduct the…
Press Release Published Feb 20, 2019 at 9:04 pm (Updated Feb 20, 2019 at 9:04 pm) Nathalie Neto of Walkers Bermuda
Maharashtra Seamless, a DP Jindal Group company, surged nearly 4 per cent in early deals on Wednesday after it announced acquisition of United Seamless Tubulaar in a deal worth Rs 477 crore. BusinessToday.In Last Updated:February 20, 2019 |15:03 IST Maharashtra Seamless, a DP Jindal Group company, surged nearly 4 per cent in early deals on…
With two major cases in the final stage of resolution, the Finance Ministry expects bad loan recoveries to touch Rs 1.80 lakh crore in the ongoing financial year. So far, banks have recovered Rs 1 lakh crore under the Insolvency and Bankruptcy Code. The recovery is expected to touch Rs 1.80 lakh crore by March…
Exciting Events, the company behind the disastrous Norwich Fortnite Live festival, has gone into liquidation after Epic Games filed a lawsuit against it in Londons high court. The company hosted a Fortnite-inspired event without authorization from Epic, using the companys trademarks and intellectual properties. Epic took the issue to court yesterday. These proceedings by Epic…
The company behind the Fortnite Live event that was described as a shambles has gone into liquidation, hours after the makers of the game announced they had taken legal action. Hundreds of people demanded refunds after they spent hours waiting to enter Norfolk showground on Saturday, with attendees complaining of underwhelming attractions and high ticket…
The most recent development in the Gupta drama that has been ever-present in South African news sees one Gupta-owned company potentially putting another into liquidation. Tegeta sprung into prominence when former Public Protector detailed Eskoms involvement, allegedly at the behest of the Guptas in making the sale of the Optimum mines to Tegeta possible at…
The acquisition of hot roll seamless pipe manufacturing company lifted Maharashtra Seamless shares nearly 4 percent in morning on Wednesday. “….made payment of Rs 477 crore for acquisition of United Seamless Tubulaar Private Limited (USTPL),” the ERW and seamless pipes & tubes manufacturer said in its filing. TheDP Jindal Group companymade this acquisition under the…
Picture: African News Agency (ANA) Archives Johannesburg – In a bizarre twist, a former Gupta company is taking on another of the familys companies in a bid to recover R4million in unpaid rent and services. Business rescue practitioners for Tegeta Exploration and Resources – which is under business rescue – have filed for the liquidation…
Eden Road Wines is being pulled from voluntary administration. Creditors (those owed money) agreed on Friday to accept an offer from shareholders that will allow the winery to remain open while the debt of $3,457,711 is paid. Up until the previous Friday, January 25, a sale of the winery was on the cards in order…