Mount Shivalik Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

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This is to inform you that the 12th Meeting of Committee of Creditors (CoC) was held on 04.03.2019. In the meeting, The Chairperson apprised the members of the CoC that the Resolution Professional has filed an application before the Honble NCLT, Jaipur Bench, wherein vide order dated 28.02.2019 the Honble NCLT has allowed the application…

Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

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Sub: Outcome of the 9th Meeting of Committee of Creditors of Uttam Value Steels Limited Dear Sir, This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 9th meeting of the Committee of Creditors…

Appster may have traded while insolvent and made $750,000 in concerning payments, liquidator claims – SmartCompany.com.au

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The liquidator for collapsed app-development business Appster is rallying creditors to pursue legal action against founders Mark McDonald and Josiah Humphrey, alleging they traded while insolvent. Releasing an anticipated statutory report into the affairs of Appster on Tuesday, liquidator Paul Vartelas revealed the once-upon-a-time market darlings financial position had been worsening for several years prior…

Retail, food sectors see spike in corporate insolvency | My Business – My Business

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We havent been imagining it retailers, along with the accommodation and food sectors, have seen a spike in corporate insolvency appointments over the last 12 months, an insolvency specialist has confirmed. The accommodation and food services industry saw a 21 per cent spike in corporate insolvency appointments over the 2017-18 financial year, while the retail…

Insolvency and Bankruptcy Code: Govt says trustees too can approach IBC against corporate debtors – The Financial Express

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Analysts said the MCA notification helps clear the ambiguity regarding who can approach NCLT for CIRP. The government has allowed trustees, estate administrators, persons authorised by a companys board of directors etc toinitiate corporate insolvency resolution process (CIRP) against a corporate debtor before the NCLT, on behalf of financial creditors under the Insolvency and Bankruptcy…

Corporate insolvency: Charter of responsibilities for IRPs, CoC unveiled – BusinessLine

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The Insolvency and Bankruptcy Board of India (IBBI) has come up with a charter of responsibilities for Insolvency Resolution Professionals (IRPs) and Committee of Creditors (CoC) so that stakeholders have a complete and clear understanding of their roles and responsibilities in a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). This…

Vision Gelpack Goes into Voluntary Administration – EIN News

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Vision Gelpack Goes into Voluntary Administration – EIN News Trusted News Since 1995 A service for global professionals Monday, March 4, 2019 478,230,744 Articles 3+ Million Readers News Monitoring and Press Release Distribution Tools News Topics Newsletters Press Releases Events & Conferences RSS Feeds Other Services Questions? … Read the full article at: https://www.einnews.com/pr_news/478198192/vision-gelpack-goes-into-voluntary-administration

Unable to pay up? Top bidder to face penalty under new rule of insolvency regulation – Economic Times

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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…

Coolgardie Minerals enters voluntary administration – Australian Mining

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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,…

Sterling Biotech Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

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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…