Uttam Value Steels Ltd. – Corporate Insolvency Resolution Process (CIRP)-Outcome of meeting of Committee of Creditors – The Hindu BusinessLine

Pursuant to sub-clause 16 (g) of clause A in Part A of Schedule III of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that 1st Meeting of Committee of Creditors was held on 30th July, 2018 to discuss the agenda items stated in the notice…

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Defendant in Beaufort Securities court case pleads guilty – Citywire.co.uk

The court case in the USA relating to collapsed broker Beaufort Securities has seen one of the defendants plead guilty to a money laundering conspiracy. Arvinsingh Vinesh Canaye, a Mauritian citizen and general manager of Beaufort Management, an offshore company connected with Beaufort Securities, has pleaded guilty according to The Times. Canaye was one of…

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Two Steinhoff units at the heart of its accounting scandal relocate to Britain – Business Day

Steinhoff International Holdings relocated two units at the heart of its accounting scandal to the UK as the retailer embarks on a new phase of recovery after reorganising debt. Steinhoff Europe and Steinhoff Finance Holdings will move from Austria to Cheltenham, England where the companys UK business is based. The supervisory boards of both units…

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Mortician found dead at Bulla had substantial gambling debt – The Sydney Morning Herald

Nathan Khoury. Photo: Supplied A 20-year-old man found dead at his family’s farm on Melbourne’s northern outskirts was being sought over significant gambling debts, sources say. Nathan Khoury, of Brunswick, was found lying in dirt with a rifle nearby at a family property in Bulla, just before midday last Thursday. Underworld sources told The Age…

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Abraaj fund investors hire advisers to help recover debt – Livemint

Abraaj Group founder Arif Naqvi. Photo: Bloomberg London/Dubai: Investors in a $1.6 billion Abraaj Group fund have hired advisory firm Alvarez and Marsal Holdings, LLC to help recover money owed by the floundering Middle-Eastern private equity firm, people with knowledge of the matter said. The New York-based company will represent Abraaj Private Equity Fund IVs…

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