THE owners of Wiggins Island Coal Export Terminal have received an eight-year respite on debt repayments, which some feared would lead to the facility’s demise. A New South Wales Court has given the go-ahead to a $3.5billion refinancing plan, hoped to help the miner owners handle its senior debt. The deal comes ahead of the…
DetailsTHE owners of Wiggins Island Coal Export Terminal have received an eight-year respite on debt repayments, which some feared would lead to the facility’s demise. A New South Wales Court has given the go-ahead to a $3.5billion refinancing plan, hoped to help the miner owners handle its senior debt. The deal comes ahead of the…
DetailsLabour would ban the use of credit cards to place bets, affecting billions of pounds of transactions a year, as part of a crackdown on the gambling industry designed to tackle an epidemic of addiction. Deputy leader Tom Watson will this week publish the conclusions of the partys year-long review of gambling regulations, which were…
DetailsOrla Kiely, the brand known for its 1970s-inspired prints, has closed its stores and website in the UK and Ireland after its parent company, Kiely Rowan, called in administrators. The company, owned by Irish designer Kiely known as the queen of prints and her husband, Dermott Rowan, said it was entering voluntary liquidation following various…
DetailsAs financially stressed bookmakers contemplate company voluntary administrations (CVAs) in the face of a £2 staking limit on fixed-odds betting terminals (FOBTs), the UK Gambling Commission will be looking to “key event” clauses in its licence conditions to remain in the loop. Dubbed landlord-only administration by its critics, a CVA is an insolvency process whereby…
DetailsWith reference to the subject matter this is to inform you that Mr. Kshitiz Chhawchharia, Registration No. IBBI/IPA-001/IP P00358/2017-18/10616 has been appointed as Resolution Professional (RP) in place of Mr. Nilesh Sharma in the meeting of Committee of Creditors (CoC) held on 7th February, 2018 and which is further recorded by Honble NCLT, Kolkata vide…
DetailsBy Fiona Morrow If a companys assets consist primarily of ideas, securing funding to keep the development of that idea going forward through an insolvency process can be a real challenge. Thats because everything that is exciting about new technology becomes part of the problem when an IT company…
DetailsDionne Warwick has a warning for her audience. I hope you came prepared for what Dionne has prepared, she offers, before singing a note. Youre going to be sitting there a long time. Shes right: at 78, her live show lasts nearly two hours, without an interval. Initially, at least, youre gripped by the fear…
DetailsPursuant to Regulation 6 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016 Public Announcement (made in Form A) made by Ramsarup Industries Limited giving notice of the commencement of Corporate Insolvency Resolution Process by NCLT vide its order dated 8th January, 2018 and calling upon the creditors…
DetailsThis is to inform you that on implementation of Insolvency and Bankruptcy Code, 2016, (IBC) the Company, Ramsarup Industries Limited (Corporate Debtor) had applied to National Company Law Tribunal (NCLT) for admission of Company under IBC as previous applications were made with the Honble Board for Industrial & Financial Reconstruction (BIFR), in terms of proviso…
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