By Express News Service BHUBANESWAR: The regulatory authority is making all arrangements for implementation of individual insolvency norms in the country as soon as possible, said Insolvency and Bankruptcy Board of India (IBBI) chairman, MS Sahoo. Speaking at a national conference organised by Indian Chamber of Commerce (ICC) on Insolvency and Bankruptcy Reforms: Code Demystified…
This week, the cash-strapped Balmain Leagues Club has received a cash injection to help keep it afloat and stop them from going into voluntary administration. The developer, Heworth, has been providing the club with financial support and say theyre committed to bringing the Balmain Tigers back to Rozelle. Heworth plans to revamp the decaying Balmain…
A tourist company based in Mullingar, Co Westmeath has ceased trading, leaving several holidaymakers and businesses out of pocket. Exploring Vacations acts as an intermediary allowing tourists to book accommodation or car hire. It operated by taking payment upfront from people and then paying the provider. However, it has announced that it is going into…
Guernsey airline Waves has announced today that its parent company, Waves Technologies Ltd is going into voluntary liquidation. WO1 Ltd which includes the Waves aviation company, remains trading and hopes to confirm a trade sale over the next few weeks. Waves has not taken any bookings since earlier this year. It is with a heavy…
Dear Sir / Madam, We would like to inform you that meeting of the 04th Committee of Creditors of Sterling Biotech Limited is scheduled to be held on Tuesday, 18th September 2018 at 02:00 P.M. IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to…
Balmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago. Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to…
The National Company Law Appellate Tribunal has ordered liquidation of Kamineni Steel & Power (KSPL), scrapping the lower bankruptcy courts decision clearing a debt resolution plan that didnt have the approval of 75% of the companys lenders. The order came on a challenge by Indian Overseas Bank, which moved the appellate body after the National…
A Munich district court has rejected a claim brought by a German bank against a customer who refused to repay their gambling debt, further complicating the countrys payment blocking regime. A February ruling, which became final last week, held that Landesbank Berlin could not hold a Visa credit card holder responsible for a gambling debt…
Balmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago. Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to…
Luke Baylis is back in charge at SumoSalad, heading up the healthy fast food chain after putting the business into voluntary administration in July this year. Weve had a full bill of health. The team have been incredibly supportive, they are very passionate. Its been a tough time but its been incredibly positive and a fresh start…