Embattled China Huishan Dairy Holdings has instructed lawyers to prepare for its provisional liquidation after finding more debt, leaving some of the top lenders in Asia vulnerable. According to a filing to the Hong Kong stock exchange on Thursday, the net liabilities of the Liaoning-based firms China entities could have been 10.5 billion yuan (US$1.58…
RugbyWA chairman Tony Howarth has described emotions in Western Australia as “angry, disappointed and frustrated” after it was confirmed the organisation had gone into voluntary administration on Friday. It comes just four months after Rugby Australia (formerly Australian Rugby Union) announced it would axe the Western Force from next year’s Super Rugby competition. RugbyWA has…
HYDERABAD: In a move that clears the decks for the corporate insolvency resolution process to move forward in the case of debt-ridden Deccan Chronicle Holdings Ltd (DCHL), the Hyderabad bench of the National Company Law Tribunal (NCLT) on Thursday dismissed two petitions filed by Kolkata-based SREI Infrastructure Finance Ltd seeking to be on the committee…
IRP calls for Expression of Interest under IBC Orchid Pharma is undergoing Corporate Insolvency Resolution Process pursuant to the order of NCLT, Chennai Bench dated 17 August 2017. In terms of the IBC, the Resolution Professional has called for Expression of Interest (EoI) for the purpose of submission of resolution plan in accordance with…
November 17, 2017 Hudson Lockett Listen to this article Play audio for this article Pause 00:00 00:00 This is an experimental feature. Give us your feedback. Thank you for your feedback. What do you think? Ill use it in the future I dont think Ill use it Please tell us why (optional) … Read the…
China Huishan Dairy Holdings Co., the Hong Kong-listed dairy company targeted by short sellers including Muddy Waters Capital LLC, said on Thursday that it is preparing for provisional liquidation. The firm had told its Cayman legal advisers to make the preparations, it said in a Hong Kong stock exchange filing. Huishans board earlier found that…
RugbyWA is going into voluntary administration after the state’s rugby body said it cannot afford to pay legal costs being sought over two failed legal attempts to save the Western Force. The development comes after the Force was cut from the Super Rugby competition earlier this year. RugbyWA took legal action to try to…
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HONG KONG, Nov 16 (Reuters) – China Huishan Dairy Holdings Ltd, which earlier this month said it had come to an agreement with a majority of Chinese creditors on a debt restructuring, said it instructed lawyers to prepare for its provisional liquidation. Chinas largest integrated dairy company said on Thursday it had issued the instruction…
Luxembourg-based multinational steel firm ArcelorMittal and domestic industry major Tata Steel have evinced interest in Bhushan Steel which is undergoing insolvency proceedings. The development has come at a time when the debt-laden firm, which was referred to NCLT by the RBI under the Insolvency and Bankruptcy Code, has reported narrowing down of its standalone net…