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

Liquidation

27-02-2019ToThe GMDepartment of Corporate Services,BSE Limited,Mumbai.Dear Sir,Sub: Outcome of 5th CoC Meeting of M/s. Southern Online Bio Technologies Limited scheduled on 27th February, 2019.With reference to the subject cited above, I would like to inform you that the following matters are the outcome of the 5th Committee of Creditors Meeting of M/s. Southern Online Bio…

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Few trade bodies able to lead restructuring: Foo Mee Har – The Straits Times

Restructuring

There are not enough trade associations and business chambers capable of leading their industries in transformation efforts, Ms Foo Mee Har (West Coast GRC) said in Parliament yesterday. These industry federations are expected to play a pivotal role in economic restructuring through the 23 industry transformation maps. But the task for these federations to make…

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JM Financial files insolvency case against Hotel Leela Venture – Business Today

Bankruptcy

The application has been filed under Section 7 of the Insolvency and Bankruptcy Code, 2016, Hotel Leelaventure said in a filing to BSE. PTI Last Updated:February 27, 2019 |09:02 IST Hotel Leela Venture said Tuesday JM Financial Asset Reconstruction Company Ltd (JMFARC) has filed an insolvency petition with the Mumbai bench of National Company Law…

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Sporties Dubbo creditors vote to place company into liquidation – Daily Liberal

Liquidation

UPDATE: Creditors have voted to place Sporties Dubbo into liquidation, the administrators say. The decision was made at a meeting of creditors held at Dubbo on Wednesday. It comes just over three months since the Erskine Street venue entered voluntary administration. Aaron Lucan and Graeme Beattie, partners of Worrells Solvency and Forensic Accountants NSW &…

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Former AFL boss Andrew Demetriou grilled in court about $145m Acquire Learning collapse – ABC News

Bankruptcy

Crown Resorts director and former AFL chief executive Andrew Demetriou has been grilled in court over the $145 million collapse of education group Acquire Learning. Key points: Andrew Demetriou was paid $75,100 a month and $1.6m in shares for chairing an advisory board for Acquire Learning Acquire Learning went into administration in May…

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Panel of creditors votes against forensic audit of Jaypee accounts – Hindustan Times

Liquidation

Jaypee Infratech Limited Committee of Creditors (COC) rejected the demand of a forensic audit of accounts of the company, in a voting, the results for which were announced on Tuesday. Homebuyers had been demanding an independent audit for some five years, to determine why Jaypee Infratech failed to finish the housing projects despite buyers having…

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Sporties Dubbo creditors vote to place company into liquidation – Daily Liberal

Liquidation

news, local-news, UPDATE: Creditors have voted to place Sporties Dubbo into liquidation, the administrators say. The decision was made at a meeting of creditors held at Dubbo on Wednesday. It comes just over three months since the Erskine Street venue entered voluntary administration. Aaron Lucan and Graeme Beattie, partners of Worrells Solvency and Forensic Accountants…

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Babcock dives after a £10m Brexit restructuring hit – Evening Standard

Restructuring

Babcock shares fell on Tuesday after revealing a 10 million-plus Brexit hit from restructuring its continental air-rescue business. The under-fire defence contractor, hit by aggressive short-seller Boatman Capital last year, will take the one-off tax charge in 2019 after setting up separate subsidiaries across Europe to carry on aerial firefighting and search-and-rescue missions. … Read…

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