New Norcias Benedictine monks are seeking to sever links to one of Perths best known artisanal bakers after the collapse of the company behind New Norcia Bakeries. It is understood the monks have asked for the return of the New Norcia name held under license by New Norcia Bakeries owners from the Benedictine community for…
Recommendations made by the committee to the Government of India regarding the changes in bankruptcy laws May 4, 2018 4 min read Opinions expressed by Entrepreneur contributors are their own. You’re reading Entrepreneur India, an international franchise of Entrepreneur Media. The Government of India after the introduction of I&B Code 2016 was receiving representation from…
May 4 (Reuters) – COPsync Inc: * COPSYNC INC – CO FILED IN BANKRUPTCY COURT PROPOSED PLAN OF LIQUIDATION PURSUANT TO CHAPTER 11 OF U.S. BANKRUPTCY CODE & DEBTORS DISCLOSURE STATEMENT * COPSYNC INC – ON MAY 1, 2018, COURT ENTERED AN ORDER SCHEDULING A HEARING ON JUNE 12, 2018, TO CONSIDER APPROVAL OF DISCLOSURE…
Red Lea Chickens, who own a 155 hectare poultry farm near Tamworth, were placed into voluntary administration over the long weekend, causing the immediate loss of at least 500 jobs throughout the state. While Red Lea did not respond to enquiries, The Leader understands that a large number of local jobs will be lost in the fall-out, after it…
May 4 (Reuters) – COPsync Inc: * COPSYNC INC – CO FILED IN BANKRUPTCY COURT PROPOSED PLAN OF LIQUIDATION PURSUANT TO CHAPTER 11 OF U.S. BANKRUPTCY CODE & DEBTORS DISCLOSURE STATEMENT * COPSYNC INC – ON MAY 1, 2018, COURT ENTERED AN ORDER SCHEDULING A HEARING ON JUNE 12, 2018, TO CONSIDER APPROVAL OF DISCLOSURE…
Ince & Co has promoted nine lawyers and recruited one to its global partnership. Among the new partners are three lawyers in Asia, who are based in three different offices across the region. The appointments augment the firms contentious practice and continues to build its transactional capabilities in its sectors and regions of focus, Ince…
Issues arising in the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, are being resolved by decisions of the National Company Law Tribunal (NCLT) and the National Company Law Appellate Tribunal (NCLAT), which are vested with the powers of adjudicating authority under the code, as well as by the Supreme Court. Aditya…
CHRIS HUTCHING/STUFF Steel construction became more popular after the 2011 earthquakes in Christchurch. The main secured creditor of Christchurch-based Challenge Steel which went bust last year has been repaid $6727 – but further significant recovery of the total $10 million debt is unlikely. About $6m of the $10m was owed to 40 unsecured creditors which included suppliers and sub contractors.…
Lanco Infratech, currently under insolvency proceedings, today said its Resolution Professional (IRP) is approaching the National Company Law Tribunal (NCLT) seeking approval for “the company’s liquidation or any other direction” as “a potential buyer has come with a revised “resolution plan”. The revised plan had been submitted by Thriveni Earthmovers, a Tamil Nadu-based infra and…
May 3 (Reuters) – Lanco Infratech Ltd: * RESOLUTION PLAN SUBMITTED BY THRIVENI EARTHMOVERS WAS PRESENTED BY RESOLUTION PROFESSIONAL FOR APPROVAL OF COMMITTEE OF CREDITORS * SAYS ON ACCOUNT OF LESS THAN 75 PERCENT OF VOTES BEING CAST IN FAVOR, APPROVAL OF COC COULD NOT BE OBTAINED * AS CORPORATE INSOLVENCY RESOLUTION PERIOD EXPIRES ON…