By Amitabh Kant & Richa Roy The Insolvency and Bankruptcy Code (IBC), 2016, is among the most crucial structural reforms undertaken by this government. Yet, for IBC to be effective, the principles at the heart of the legislation must be respected. First, there has to be timely outcomes within 180 days (270 days for rare,…
Intimation of liquidation process and appointment of Liquidator in the matter of M/S Jinprabhu Infrastructure Developments Limited (Formerly CRB Share Custodian Services Limited) This is to inform you that Pursuant under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations2015, in respect of application for liquidation under Section 33(l)(a) of the Insolvency and Bankruptcy…
The Thirteenth meeting of the Committee of Creditors of the Corporate Debtor was held on 27 September 2018 at 11:00 AM at Orion Room, The Learning Galaxy. 8 th Floor, Iconic Wing, Urmi Estate, 95, Lower Parel (West), Mumbai 400013, India. The outcome is enclosed in the letter. Pdf Link: Ramsarup Industries Ltd. – Corporate…
The Twelfth meeting of the CoC of the Corporate Debtor was held on 20 September 2018 at 03:30 PM at 16t Floor, Tower 2, Grant Thornton India LLP, Indiabulls Finance Center, SB Marg, Elphinstone (W), 400013.The outcome of the meeting is summarized as herein below:1. The RP and his legal advisors apprised the COC about…
WORD ON THE STREET Charity fun runs across the country have been cancelled without warning after the company behind it went into liquidation, leaving hundreds of women who purchased tickets fuming. The Miss Muddy events, run by Events Move, is described as Australias most popular female muddy fun run with a range of fun obstacles…
Home-grown electronics retailer Newstead Technologies, which owns brands such as nbox, Digital Style, and @notebook.com is currently in liquidation. A listing onthe Accounting and Corporate Regulatory Authoritys (ACRA) Business Filing Portal indicated that the companys status wasin liquidation creditors voluntary winding up. According to The Straits Times, this refers to the process in which a…
Max Brenner will close more than half its stores for good this coming Monday, only a week after the chocolate and caf chain entered voluntary administration. The swift action follows a rapid review to identify the stores with a financial future. “The decision to close stores is always regrettable but in this case we were…
We would like to inform you that pursuant to an Order dated 27th September 2018 of the National Company Law Tribunal, Kolkata Bench, Corporate Insolvency Resolution Process (CIRP) has been initiated for Advance Powerinfra Tech Limited as per the provisions of the Insolvency and Bankruptcy Code, 2016. A copy of the said order is enclosed…
Top court also stressed the need of “time-bound” disposal of corporate insolvency resolution process New Delhi: The Supreme Court on Thursday said the time taken up by litigations during the corporate insolvency resolution process has to be excluded from the mandatory limit of 270 days in case company law tribunals uphold the plan to revive…
Max Brenner, the v. popular and quite fancy choccie chain, has entered voluntary administration despite the fact chocolate remains one of the only pure and good things left on this accursed planet. The Sydney Morning Herald reports Max Brenner, which boasts 37 stores around the nation, appointed an administrator on Sunday to sort out the…