Southern Online Bio Technologies Ltd. – Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors – The Hindu BusinessLine

Liquidation

Notice of 9th Meeting of Committee of Creditors ofSOUTHERN ONLINE BIO TECHNOLOGIES LIMITEDNotice along with Agenda for the 9th Meeting of the Committee ofCreditors of Southern Online Bio Technologies Limited (under CorporateInsolvency Resolution Process) under the provisions of The Insolvency andBankruptcy Code, 2016 read with Insolvency and Bankruptcy Board ofIndia (Insolvency Resolution Process for Corporate…

Clive Palmer absent from court for Queensland Nickel liquidation trial – The Guardian

Liquidation

Big-spending election loser Clive Palmer was absent from court as his lawyers were lambasted by a judge overseeing Queensland Nickels liquidation trial. Days after his federal election campaign failed to win his party a seat, Palmer on Tuesday sought to introduce evidence into the trial over his companys collapse that workers had started receiving their…

LGBTIQ publication Star Observer goes into voluntary administration – QNews

Liquidation

Australian LGBTIQ publication Star Observer has announced the company has entered voluntary administration and is up for sale. The publication announced on Thursday the board of directors of the company, Gay & Lesbian Community Publishing Limited, had appointed Trent McMillen from MaC Insolvency as administrator on Friday, May 10. Advertisements Cash flow is the lifeblood…

Creditors expect increase in realisations through IBC despite hiccups – ETAuto.com

Liquidation

Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, according to investment information and credit rating agency ICRA. Still, the process has chugged on, albeit at a slower pace than envisioned. Till…

Creditors expect increase in realisations through IBC despite hiccups – Big News Network

Liquidation

New Delhi [India], May 19 (ANI): Innumerable litigations, defiant promoters, failing sectors and over-burdened National Company Law Tribunals (NCLTs) have negatively impacted corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) over the past two years, according to investment information and credit rating agency ICRA. Still, the process has chugged on, albeit at…

Essar Steel reports Rs 4,229 cr EBITDA during insolvency period – Outlook India

Liquidation

New Delhi, May 19 Debt-ridden Essar Steel has registered an EBITDA (earnings before interest, tax, depreciation and amortization) of Rs 4,229 crore during its Corporate Insolvency Resolution period (over 600 days). In an affidavit filed before the National Company Law Appellate Tribunal (NCLAT) last week, its resolution professional has informed that the company earned Rs…

Marsons Limited – Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal – The Hindu BusinessLine

Liquidation

The Copy of Order passed by the National Company Law Tribunal (NCLT), Kolkata Bench on 09.05.2019 in the matter of Company Petition (IB) No. 628/KB/2018 alongwith CA (IB) Nos. 366/367/KB/2019 (RITESH MORE Vs MARSONS LIMITED)is enclosed herewith. Further more, as per Courts direction a Monitoring Committee has been formed to oversee the effective implementation of…

Lanco Kondapalli Power admitted into IBC process – BusinessLine

Liquidation

The National Company Law Tribunal, Hyderabad, has admitted Lanco Kondapalli Power Ltd for insolvency resolution process under the Insolvency and Bankruptcy Code, 2016. Axis Bank, the lender for the group company of Lanco Infratech Ltd, had dragged the Kondapalli project for insolvency proceedings following default in payment of statutory dues. Lanco Infratech Ltd, a listed…