Abg Shipyard Ltd. – Corporate Insolvency Resolution Process (CIRP)-Updates – Corporate Insolvency Resolution Process (CIRP) – The Hindu BusinessLine

Dear Sir / Madam, We would like to inform you that 18th meeting of Committee of Creditors of ABG Shipyard Limited was held on Thursday, 06th December 2018 at 02:30 P.M. IST at BDO India LLP, Level 9, The Ruby, North West Wing, Senapati Bapat Road, Dadar (W), Mumbai 400028, INDIA. You are requested to…

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Shepherd promises farmers will be better off with $3.3b GrainCorp takeover offer – The Australian Financial Review

“In terms of the shareholders, it is immediate. It is in cash and it is at a very significant premium. “For the growers, LTAP takes risk out of the business by putting in place a higher-quality investment grade capital structure for the long term. “This investment-grade structure will mean it is better than triple B,…

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Multimillion-dollar app development company Appster collapses into liquidation, leaving businesses stranded – SmartCompany.com.au

Multimillion-dollar app development company Appster has collapsed into liquidation today, with business owners allegedly left empty-handed with unpaid refunds and poorly built apps. A former golden child of the Australian startup and tech scene, Appster was once hailed as the next Apple by commentators due to the companys intense growth, boasting over $19 million in…

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Two retired women wipe out £1.1m in medical expenses debt for hundreds of strangers – The Independent

If a slim, yellow envelope with a Rye, New York, return address lands in your mailbox this Christmas season, do not throw it out. Its not junk mail. Some 1,300 such envelopes have been sent to New Yorkerscontaining the good news RIP Medical Debt, a New York-based nonprofit organisation, has purchased their medical debt and…

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PrivatAir Files for Insolvency – Aviation International News

Following months of rumors about its financial difficulties, Swiss business aviation group and ACMI provider PrivatAir announced on Wednesday it filed for insolvency 41 years after it was established. Both PrivatAir SA in Switzerland and its subsidiary PrivatAir GmbH in Germany commenced insolvency proceedings. Over the past few weeks, a number of events have had…

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Sears Chairman Edward Lampert bids $4.6 billion to rescue iconic retailer from bankruptcy – Chicago Tribune

The hedge fund run by Sears Chairman Edward Lampert is offering to buy many of the bankrupt retailers remaining assets for about $4.6 billion with hopes of keeping the chain in business and continuing to employ about 50,000 of its workers. The bid from Lamperts ESL Investments includes about 500 Sears and Kmart stores, headquarters…

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Patterson Companies Reports Fiscal 2019 Second-Quarter Results – Business Wire

ST. PAUL, Minn.–(BUSINESS WIRE)–Patterson Companies, Inc. (Nasdaq: PDCO) today reported consolidated net sales of approximately $1.4 billion (see attached Sales Summary for further details) in its fiscal second quarter ended October 27, 2018, an increase of 1.4 percent compared to the same period last year. Internal sales, which are adjusted for the effects of currency…

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