According to a recent report released by Moore Stephens, there has been a 58% jump in the value of mortgages written off by UK banks in the last year. This rapid rise could be an early sign of distress in the housing market, the firm has stated. This jump in the value of residential mortgages…
DetailsDear Sir / Madam, We would like to inform you that meeting of 18th Committee of Creditors of ABG Shipyard Limited is scheduled to be 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…
DetailsPITTSBURGH–(BUSINESS WIRE)–Today Dollar Bank completed its reorganization from a mutual savings bank to a mutual holding company. From this point forward, Dollar Bank operates under a mutual holding company structure with Dollar Mutual Bancorp (a mutual entity without shareholders) owning 100% of the common stock of Dollar Bank, Federal Savings Bank. The reorganization will not…
DetailsA company that was found to have misled customers to invest in fine wines has been wound up in the High Court. Intercontinental Wines Limited was wound up in the public interest at the High Court on November 23, after the court heardthe company, which had claimed to be a wine broker, had used client…
DetailsDear Sir / Madam, We would like to inform you that the Honble National Company Law Tribunal (Mumbai Bench) vide its order dated 28th November 2018 in the matter MA 1367/2018 in C.P. No.(IB) 490 (MB)/2018, granted an extension of 90 days from 08th December 2018 for completion of Corporate Insolvency Resolution Process of Sterling…
DetailsFirm Appointee/Solicitor Role Company Name Published Date SV Partners Malcolm Field liquidator Vidovic Homes Pty Ltd 28/11/2018 Worrells Solvency & Forensic Accountants Mervyn Jonathan Kitay administrator Avalon Retreat Pty Ltd 27/11/2018 BRI Ferrier Giovanni Maurizio Carrello liquidator Prime Assessing WA Pty Ltd 27/11/2018 Palisade Business Consulting Jack Robert James liquidator Xorro – The Price Slasher…
DetailsFurther to the initiation of the resolution process, the Resolution Professional, as per approval of the Committee of Creditors (COC) issued Invitation for resolution plan in Form G dated 30.10.2018, which is available on Insolvency and Bankruptcy board of India (IBBI) website at www.ibbigov.in The last date for receipt of resolution plan is 30.12.2018 from…
DetailsRichard Hinson has resigned from his position as chief executive of Retail Food Group as part of a major restructuring foreshadowed at last weeks AGM. The Board thanked Hinson for his leadership since he started in the position just 8 months ago, and noted that RFG will renew its focus on serving franchise and non-franchise…
DetailsImage by Francisco Anzola https://www.flickr.com/photos/fran001/ Retailing under current regulations is like fighting with one arm tied behind your back, says Chemist Warehouse co-founder Jack Gance Speaking to the Weekend Australians Victorian Business Editor, Damon Kitney, Mr Gance has again denied recent rumours of an Initial Public Offer or float but outlined changes to its ownership…
DetailsHistory is repeating itself for the current owners of Laura Ashleys Australian business. After acquiring the fashion and home furniture company in 2016, when then-directorDaryl Chait appointed administrators,the current owners have once again placed the brand into voluntary administration after finding the capital required to revive the brand too burdensome, according to a statement from…
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