What remains of Harvey Weinsteins former film studio will be liquidated in bankruptcy court, the company said, as lawyers try to resolve civil litigation against its ex-officers and directors arising out of Mr. Weinsteins alleged sexual abuse. Lawyers representing Weinstein Co. said they want to convert the companys bankruptcy to a chapter 7 liquidation, according…
DetailsThe bag manufacturer Bree has requested the local court of Hamburg for the opening of insolvency proceedings in self-administration. Despite intensive efforts and a complete restructuring was not managed, the business is in the black due, it is said in a message of the company. Bree had moved in the past year, the companys headquarters…
DetailsMaiyas Beverages and Foods Pvt. Ltd. has embarked upon a comprehensive restructuring exercise in order to recoup the market share it had lost in the countrys ready-to-eat, ready-to-drink, curry spices and pickles markets. The companys business restructuring plan comes two days after the Bengaluru bench of the National Company Law Tribunal (NCLT) quashed MTR Foods…
DetailsNew Delhi: The principal bench of the National Company Law Tribunal (NCLT) has directed market regulator Securities and Exchange Board of India (Sebi) to de-attach the properties of a corporate debtor attached during its execution proceedings. The matter brings into focus the issue of the in-built disagreement between the Sebi Act and the provisions of…
DetailsDaily News View All News 16 May 2019 Wise Group (WISE:SS), the Swedish staffing firm reported revenue yesterday for the first quarter ending 31 March 2019 of SEK 244.1 million (22.7 million), an increase of 7.3% compared with the same quarter last year. (SEK millions) Q1 2019 Q1 2018 Change Q1 2019 ( millions) Revenue…
DetailsDebt is a central way of talking about the personal and communal obligations we have to each other, given that no one is island unto themselves: we not only owe our existence to others, we depend on others just to survive, let alone thrive. Debt as a way of framing moral relations extends beyond Christianity.…
DetailsPursuant to Regulation 30 (2) of SEBI (LODR) Regulations, 2015 (LODR) and in accordance with the requirements of Sub Cl 16 (g) of Clause A of Part A of Schedule III of LODR, we wish to inform you regarding the outcome of 3rd meeting of COC of Punj Lloyd Limited (Company) held on 08.05.19 in…
DetailsThe gaming market is changing at a rapid pace. With the shift to online and mobile gaming and now the advent of new immersive technologies like augmented and virtual reality operators face intense competition in terms of attracting customers, with ongoing innovation key to their success. But in such an environment, new issues will arise…
DetailsHarini Subramani Its three years since the Parliament passed the Insolvency and Bankruptcy Code, but its implementation is fraught with teething troubles. Endless delays in the resolution process under the code appear to be its Achilles heel. A recent report released by Crisil and Assocham has quoted Insolvency & Bankruptcy Board of India data which…
DetailsVarun Marwah May 16 2019 The Principal Bench of National Company Law Tribunal (NCLT) recently ordered de-attachment of properties belonging to a corporate debtor, which were attached as part of execution proceedings by the Securities and Exchange Board of India (SEBI). The attachment order was also upheld by the Securities Appellate Tribunal (SAT). This particular…
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