Artists and performers left tens of thousands of dollars out of pocket after the collapse of a Perth-based management firm have been told it is unlikely they will see any of the money owed. Perth-based event promoters JumpClimb, who were responsible for booking acts at the wildly popular Perth Fringe Festival and running other…
DetailsWe wish to bring to your notice that the Corporate Insolvency Resolution Process initiated against the Company has been dismissed and thereby withdrawn vide order dated 07.08.2018 by Honourable National Company Law Appellate Tribunal, New Delhi which was uploaded on NCLAT website on 10.08.2018. Relevant extracts of the order is reproduced below:Quote…………………………. The application preferred…
DetailsThis is to inform you that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we hereby inform you that: The Honble National Company Law Tribunal Bench at Chandigarh vide its order dated 08.08.2018 has passed order in respect of Liquidation of Supreme Tex Mart Limited a company which was…
DetailsFurther to our letter No. PECL/NS/LEGAL/BSE-NSE/2018 dated 11th April, 2018 enclosing therewith copy of the Order dated 23.03.2018 passed by the Honble NCLT, Mumbai Bench, appointing CA Rajeev Mannadiar, having IP Regn. No. IBBI/IPA-001/IP-P00212/2017-18/10412 as the Interim Resolution Professional , please find attached herewith certified copy of the Order dated 6.08.2018 issued by the Honble…
DetailsSpecialist PV manufacturing equipment supplier Amtech Systems is restructuring its solar cell manufacturing equipment business with job losses after China-based customers have pushed-out capacity expansion plans after government cuts were made to downstream solar installation targets as deployments far exceeded goals. Fokko Pentinga, Chief Executive Officer of Amtech said, In our solar business, recent changes…
DetailsHouse of Fraser is appointing administrators, putting more than 17,000 jobs at risk, after attempts to agree a rescue deal failed. The department store chain said talks with its investors and creditors had not concluded in a solvent solution. The administration is due to be arranged at a court hearing early on Friday morning. The…
DetailsPrime Minister Malcolm Turnbull is standing by foreign aid spending amid outcry from drought-stricken farmers, politicians and local charities. One critic, Brian Egan from charity Aussie Helpers, says he’s asked every day why so much money heads overseas, while One Nation leader Pauline Hanson has called for aid to be redirected to rural areas. Mr…
DetailsIn a setback to the Jaypee group, the Supreme Court on Thurssday, August 9, 2018, asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process. A bench headed by Chief Justice Dipak…
DetailsThe Commonwealth Bank of Australia (CBA) has been picked by the World Bank to develop and deliver a world-first bond trading platform on the blockchain. Bonds are complicated and quite often boring – but they’re also a vital instrument in the financial mix that lets countries and corporations raise and shift around big pools of…
DetailsKatie Price is hit by claims she ‘has a room full of unopened parcels after spending THOUSANDS funding online shopping obsession’ amid her financial crisis By Charlotte Dean For Mailonline Published: 05:58 AEST, 10 August 2018 | Updated: 06:05 AEST, 10 August 2018 e-mail 43 View comments Katie Price has been hit by claims that she…
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