Category Archives: Liquidation

Sterling International Enterprises Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of … – The Hindu BusinessLine

We would like to inform you that the 3rd meeting of Committee of Creditors of Sterling International Enterprises Limited is scheduled to be held on Monday, 19th November 2018 at 12:30 P.M. IST at SREI Infrastructure Finance Limited, Paradise Building, 51K/51L, Bhulabhai Desai Road, Near Shyam Niwas & Benzer Showroom, Breach Candy, Mumbai-400026 Maharashtra, India.…

Telltale Games is now gone for good, with the company in liquidation – Ausdroid

After our last story on Telltale Games in September, things have progressed and the game company is now gone for good. News broke in the US this week confirming that Telltale Games has entered into liquidation and will basically cease to exist come end of November. The process essentially involves a sell-off of all the…

Wells Fargo & Company Declares Cash Dividends on Preferred Stock – Business Wire (press release)

SAN FRANCISCO–(BUSINESS WIRE)–Wells Fargo & Company (NYSE: WFC) today announced dividends on eleven series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the…

Waimea Contract Carriers drives its way out of voluntary administration – Stuff.co.nz

Waimea Contract Carriers Ltd has all but traded its way out of voluntary administration and paid back its creditors an outcome described as rare by one administrator. The transport company, based about 16km south of Nelson, was placed in voluntary administration (VA) on March 30, 2015 with debts of more than $16 million. Administrator Richard…

50 jobs lost as shoe company goes into voluntary liquidation – The Business Desk

A Buxton shoe firm which employed 50 staff has gone into voluntary liquidation. The decision was taken after Bells Shoes lost an account with Clarks which accounted for nearly half of the firms 18m turnover. Redfoot Shoes, which is based in Bacup in East Lancashire, has announced it is investing over 1m to develop the…

Strongbuild falls as Frasers Property pulls the pin on a major deal – The Fifth Estate

Prefabrication and lightweight timber builder Strongbuild was placed into voluntary administration at 9 am on Thursday morning after Frasers Australia pulled out of a contract just two weeks from commencement leaving a massive $6 million gap in expected earnings. Strongbuild managing director Adam Strong told The Fifth Estate, was that a lending facility that had…

Why is the UK behind on insolvency reform? – Accountancy Age

Reform of UK corporate insolvency and restructuring frameworks is desperately needed. That is the message from accountants and industry insiders as the UK fails to improve its standing in the World Bank insolvency rankings. While the UK stands still at 14th place, other countries have worked hard to improve their insolvency and restructuring frameworks. For…

Delays in top 12 corporate insolvency cases cost lenders Rs 40 billion – Business Standard

The resolution of corporate debtors under the Insolvency and Bankruptcy Code (IBC), nearly two years since its inception, is facing a significant challenge to resolve cases in a time-bound manner. Delays in the Corporate Insolvency Resolution Process (CIRP) and the significant rise in the number of applications being moved against defaulting corporations, are a…

Jaihind Projects Ltd. – Corporate Insolvency Resolution Process (CIRP)-Appointment of Interim Resolution … – The Hindu BusinessLine

M/s. SKE Projects Private Limited, one of the Financial Creditor had filed an application with Honble National Company Law Tribunal (NCLT), Ahmedabad for initiation of Corporate lnsolvency Resolution Process (CIRP) against Jaihind Projects Limited u/s 9 of the lnsolvency and Bankruptcy Code (IBC). The Honble NCLT after hearing the application vide its Order dated 02-11-2018…

Ramsarup Industries Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of … – The Hindu BusinessLine

The Fourteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 25 October 2018 at 1:00 PM at Orion Room, The Learning Galaxy, 8th Floor, Iconic Wing, Urmi Estate, 95, Lower Parel (West), Mumbai 400013, India. The outcome of the meeting is attached herein. Pdf Link: Ramsarup Industries Ltd. – Corporate…