DEAN KOZANIC/FAIRFAX NZ Black Marlin Limited, which trades as Urban Construction, is in liquidation. A Christchurch construction firm has gone bust owing about $1.5 million and leaving nearly 150 unsecured creditors unlikely to see a cent. Urban Construction went into liquidation on February 9 with estimated debts of $729,708 to unsecured creditors. It also owed $498,922 to ASB Bank,…
Septic Solutions Taranaki Limited has been placed into liquidation. A company in which Taranaki iwi Ngati Tama invested money into has been placed into liquidation. In the High Court at New Plymouth on Tuesday, lawyer Jacob Bourke, who appeared on behalf of the Inland Revenue Department (IRD) sought a liquidation order against Septic Solutions Taranaki Ltd. According to the statement…
Video will begin in 5 seconds. More video Recommended Replay video Trailer: Simply Nigella Nigella Lawson returns to BBC 2 with her new cooking series, Simply Nigella, showcasing recipes from her new book of the same title. PT0M30S 620 349 London: Celebrity chef Nigella Lawson is allegedly opting to voluntarily liquidate her TV company Pabulum Productions.…
By Deep Narayan Mukherjee As per RBI deputy governor SS Mundra, total distressed loans account for 14% of banking sector assets in India. Such a high level of bad debt was last observed in India way back in 1999 (Source: World Bank). However, every crisis also provides an opportunity to improve a system. There is…
A company connected to popular weekend destination The Grounds of Alexandria has been placed in voluntary administration, but it is business as usual for the famous brunch locale. According to a notice published by the Australian Securities and Investments Commission, external administrators were appointed to The Grounds of Alexandria Pty Limited last week. Ozem Kassem…
A major social enterprise in Huddersfield has gone into voluntary liquidation. And there are fears for dozens of jobs and an historic archive of music. Insolvency experts Brook Business Recovery Limited confirmed that Deighton-based Fresh Horizons has ceased operations, following a meeting with creditors at a meeting yesterday. It is not yet known exactly why…
Alastair Meeks of Pinsent Masons, the law firm behind Out-Law.com, was commenting as the Pensions Regulator revealed that it had only approved 24 such arrangements, almost eight years after the mechanism was set out in law. An RAA can be used to transfer an employer’s pension liabilities to the Pension Protection Fund (PPF), but only…
WOODBRIDGE, N.J., March 15, 2016 — EMRISE CORPORATION (formerly traded on OTCQB under the symbol EMRI) (EMRISE or the Company), today announced that the Company expects to make a second liquidation distribution to its stockholders in the amount of $0.36 per share (approximately $3.9 million in the aggregate) during the week of April 19, 2016…
Nigella Lawsonis closing her TV production company (Picture: BBC) While none would dispute Nigella Lawsons expertise in the kitchen, it seems her television production company has been overdone. The buxom 56-year-old TV chef has placed her production company, Pabulum Productions, into voluntary liquidation. The announcement follows news that Nigellas TV show The Taste was axed…
Over the past three decades, global interest in emerging markets has soared, and when the financial crisis of 2008 hit, emerging markets were largely thought to be the next engine of global growth. Insofar as they have complied with this investor aspiration over the past few decades, they have also adopted a negative aspect of…