As financially stressed bookmakers contemplate company voluntary administrations (CVAs) in the face of a £2 staking limit on fixed-odds betting terminals (FOBTs), the UK Gambling Commission will be looking to “key event” clauses in its licence conditions to remain in the loop. Dubbed landlord-only administration by its critics, a CVA is an insolvency process whereby…
With reference to the subject matter this is to inform you that Mr. Kshitiz Chhawchharia, Registration No. IBBI/IPA-001/IP P00358/2017-18/10616 has been appointed as Resolution Professional (RP) in place of Mr. Nilesh Sharma in the meeting of Committee of Creditors (CoC) held on 7th February, 2018 and which is further recorded by Honble NCLT, Kolkata vide…
Pursuant to Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Public Announcement (made in Form A) made by Ramsarup Industries Limited giving notice of the commencement of Corporate Insolvency Resolution Process by NCLT vide its order dated 8th January, 2018 and calling upon the creditors…
This is to inform you that on implementation of Insolvency and Bankruptcy Code, 2016, (IBC) the Company, Ramsarup Industries Limited (Corporate Debtor) had applied to National Company Law Tribunal (NCLT) for admission of Company under IBC as previous applications were made with the Honble Board for Industrial & Financial Reconstruction (BIFR), in terms of proviso…
The Co. had applied to (BIFR) Ministry of Finance, Govt. of India, Jawahar Vyapaar Bhawan, 1-Tolstoy Marg, New Delhi, Pin-110001 for reg u/s 15(1) of SICA, 1985. The aforesaid reference has been regtd by the Board as case no.67/2012. After several hearings by the Ld. BIFR the application was not accepted on 19.02.2014.Then Co. filed…
Wonderland Touring Pty Ltd, a touring company of which artist Alison Wonderland (Alexandra Scholler) is a 50 per cent stakeholder, has entered into liquidation after owing over $776,000 to creditor following her 2017 Scarehouse Project tour. The company, whose co-directors and 25 per cent stakeholders are Falcona agents Christopher Murray and Garth Crane (also Schollers manager), entered…
By James Forsyth The UKs corporate insolvency and restructuring landscape will be changing dramatically, following the Governments announcement on 26 August 2018. The Government proposes to introduce a wide range of reforms including:1. A standalone restructuring moratorium for companies which are in financial distress2. A statutory restructuring process which will potentially bind dissenting creditors; and3.…
Dear Sir/ Madam, Sub: Notice of Second 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…
Sommer & Staff Constructions has announced that it has appointed Trent Hancock of PKF Chartered Accountants as Voluntary Administrator. The Administration of Sommer & Staff Constructions is due to the suspension of its builders licence as a result of experiencing difficulties on a building contract in the West End of Brisbane where sub-contractors are owed…
By Express News Service BHUBANESWAR: The regulatory authority is making all arrangements for implementation of individual insolvency norms in the country as soon as possible, said Insolvency and Bankruptcy Board of India (IBBI) chairman, MS Sahoo. Speaking at a national conference organised by Indian Chamber of Commerce (ICC) on Insolvency and Bankruptcy Reforms: Code Demystified…