Andriyko Podilnyk/Unsplash Chocolate Brown is a chocolate shop and cafe. A popular Warkworth chocolatier has been placed into voluntary administration. Chocolate Brown, which employed 38 staff as part of its chocolate-making and cafe business, was placed into administration and Bryan Williams of BWA Insolvency appointed administrator on December 1. The artisan chocolate business had been…
The board has amended its regulation to allow IPEs to register as insolvency professionals and perform all their functions, including managing a company’s operations TopicsIBBI|IBC|Insolvency and Bankruptcy Code Abhijit Lele | Mumbai Last Updated at December 3, 2022 19:51 IST Illustration ‘).insertAfter(“.article-content__img”);$(“.article-content__img div”).find(‘div’).remove(); //]]> In a move that might enhance transparency in corporate resolution, the…
Dot Bagel’s Heaton store is set to reopen after a rescue deal was struck following the company’s’ collapse into liquidation last month. Jesmond bakery and caf business Kennedy & Rhind has acquired the Chillingham Road outlet and says it has re-employed the majority of staff following its closure in October. Dot Bagel, which also had…
Nordic Shipholding Denmark-based Nordic Shipholding is to be wound down following the disposal of its entire fleet of product tankers earlier this year. Backed by its majority shareholder, Nordic Maritime, the company is calling for a general meeting to initiate a voluntary solvent liquidation. No distribution of funds to the shareholders is anticipated upon completion…
In the recent decision of Banerjee (Liquidator), in the matter of Eastside Formwork Pty Ltd (in liq) v Stojic[2022] FCA 1315, a liquidator succeeded in obtaining orders for a warrant to search for and seize books and records which had been concealed from the liquidator. The warrant was directed at the person deemed the guiding…
BENGALURU, Dec 2 (Reuters) – The highest bid India’s Reliance Capital (RLCP.NS), which is undergoing insolvency proceedings, received was 60% below its aggregate liquidation value, the Anil Ambani-led company’s administrator has let its lenders know, the Economic Times reported on Friday. The Reserve Bank of India superseded the board of Reliance Capital last year, saying…
NEW YORK, Dec. 1, 2022 /PRNewswire/ — Altimeter Growth Corp. 2 (NYSE: AGCB) (the “Company”) announced the following today: The Company anticipates that the Company cannot consummate an initial business combination within the time period required by its Amended and Restated Memorandum and Articles of Association Accordingly, the Company intends to dissolve and liquidate in…
Anil Ambani, Chairman, Anil Dhirubhai Ambani Group (File photo) Photo : BCCL The highest bid received for the Anil Ambani-owned Reliance Capital, which is undergoing insolvent proceedings, is 60% below aggregate the liquidation value. This means that bidders need to significantly increase the offers, else the company will need to through liquidation or piecemeal sale…
Global law firm Ashurst has appointed Lance Jiang as a partner in the restructuring, insolvency and special situations practice, based in its Hong Kong office, as part of the teams expansion plan to capture the rapidly growing opportunities and client demands in Asia. With two decades of experience in the region, Lance advises on complex…
In an early sign that merger and acquisition activity is about to ramp up in the startup sector in order for companies to survive, Sydney-headquartered courier delivery service Drive Yello has merged with the cafe payments platform Hey You. The merged entity is known as 4You Innovation, and hopes to hit up the market for…