The Insolvency and Bankruptcy Code, 2016, in its brief history has created quite a shake-up in the corporate sector. No doubt that the enactment of the Code has been well intentioned. Due to the growing menace of loan defaults, it had long been felt to have some sort of disciplined insolvency and bankruptcy legislation to…
The Gujarat High Court has issued a show cause notice to the Central government in a challenge to the Insolvency and Bankruptcy Code (IBC), 2016. A Division Bench of Chief Justice R Subhash Reddy and Justice Vipul M Pancholi issued notice returnable on January 22, 2018, in a petition filed by Accord Industries Ltd, Ahmedabad,…
A British psychiatrist has withdrawn his application for a crucial mental health role at Cairns Hospital, Queensland’s health minister has confirmed. News Corp Australia reported that Richard Wayne Seamark was in the running for the $400,000 role of clinical director of mental health, despite his work history revealing he was banned as a company director…
By Giulia Segreti MILAN (Reuters) One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was…
MILAN (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was founded 160…
MILAN, Dec 18 (Reuters) – One of the worlds most famous hat makers, Borsalino, whose stylish fedoras and straw panamas are popular with movie stars and celebrities, faces liquidation after a rescue plan was rejected by an Italian court on Monday. A judge in the northern town of Alessandria, where the luxury hat maker was…
A smattering of retail chains closed their doors in another tough year for the industry in 2017, but the demise of Sears Canada seemed to resonate most with Canadians, many of whom grew up devouring its annual holiday wish book and shopping at the department store. The high-profile closure and ensuing controversies helped make Sears…
The Insolvency Section, Ministry of Corporate Affairs, in a notice dated 12th December 2017, has announced the constitution of the Insolvency Law Committee. The Committee shall be chaired by the Secretary, Ministry of Corporate Affairs, as per a notification dated 16th November 2017. The Committee has been constituted to take stock of the functioning and…
BALLINA business Kimberley Kampers has gone into voluntary administration, in what the company has admitted was a “highly unconventional” decision. A notice about the administration has been posted on the ASIC website. It came into effect on December 7 with Steven Nicols from Nicols + Brien appointed as the administrator. The first meeting of creditors…
As online shopping tightens its grip on our credit cards (hello, Black Friday), and international high street brands, with their bargain-price, covetable clothing, become more accessible than ever before, local labels are feeling the pinch. Case in point: today Lover has gone into voluntary administration. Ferrier Hodgson partners Morgan Kelly and Ryan Eagle have been appointed…