HYDERABAD: In an order involving insolvency process of Kamineni Steel, NCLT exercised discretionary powers in determining voting share of lenders for approving resolution plan, while indicting three dissenting banks for their ambiguous stand. The NCLT bench at Hyderabad has passed strictures on officials of PSBs while approving the resolution plan involving one time settlement submitted…
RG Shaw & Sons Pvt Ltd, a 79-year old seller of liquor, spirits and wine in Kolkata, is heading for liquidation as the promoters did not submit resolution plans while it defaulted working capital loans from State Bank of India and other unsecured financial creditors, two people familiar with the development said. The company defaulted…
LUXURY handbag maker Oroton has collapsed, becoming the nation’s latest retail victim. The listed luxury retailer, whose most recent public face has been Aussie actor Rose Byrne, announced this morning is was placing itself in voluntary administration. Since the announcement was made, people have been hitting the label’s outlet website to snap up heavily discounted…
December 8 2017 – 11:53AM 18 reading now RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million. RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise. Rugby WA is out of voluntary administration. Photo: @Josh_Duane RugbyWA…
RugbyWA is out of voluntary administration after Rugby Australia waived a legal debt of more than $1 million. RA spent about $1.7 million in legal costs after RugbyWA challenged the Western Force’s axing from the Super Rugby franchise. RugbyWA entered into voluntary administration last month, saying the axing of the Force meant it simply didn’t…
RugbyWAs creditors have voted to exit voluntary administration and the Western Force name has been maintained after a settlement with Rugby Australia (formerly the ARU). Dear Western Australian Rugby Community, Recent times have been very challenging for Rugby in Western Australia. However, I am really pleased to update you on the progress we have made…
New Delhi, Dec 7 () Puravankara and Godrej Properties are among at least six companies that have expressed interest in submitting resolution plan for Amrapali Silicon City, a group firm of debt-ridden realty firm Amrapali. Investments of thousands of home buyers are stuck due to huge delays by Amrapali group in completion of projects, forcing…
New Delhi, Dec 7 Puravankara and Godrej Properties are among at least six companies that have expressed interest in submitting resolution plan for Amrapali Silicon City, a group firm of debt-ridden realty firm Amrapali. Investments of thousands of home buyers are stuck due to huge delays by Amrapali group in completion of projects, forcing them…
BRISBANE-BASED company, Blue Ribbon Seed and Pulse Exporters Pty Ltd, has gone into liquidation following an application from Bean Growers Australia (BGA) filed last month in the Supreme Court of Queensland. The Australian Securities and Investment Commission has stated, Peter Dinoris, of Artemis Insolvency has been appointed as the liquidator. This step may see the…
NYRT is a publicly traded real estate investment trust listed on the NYSE that owns income-producing commercial real estate, including office and retail properties, located in New York City. NYRT’s shareholders recently adopted a plan of liquidation pursuant to which NYRT is liquidating and winding down and, in connection therewith, is seeking to sell its…