One of Australia’s biggest chicken suppliers has been placed into voluntary administration with hundreds of jobs likely to be lost. Red Lea Chickens was on March 29 placed into voluntary administration, with the company saying on its website its financial position means there’s “no alternative” but to wind-down operations. The message on Red Lea Chickens’…
DetailsThe 14-member Insolvency Law Reforms Committee, which was established in December, 2017 has come out with a 106-page report recommending amendments to the Insolvency and Bankruptcy Code, 2016 (IBC). The Committee was chaired by Ministry of Corporate Affairs (MCA) Chairman, Injeti Srinivas with members from the legal fraternity as well, including Shardul Shroff of Shardul Amarchand…
DetailsFilms are screening more often on streaming services, digital channels and pay TV. But with fewer art-house films getting cinema release, Nashen Moodley believes festivals are becoming a more important forum for non-mainstream work. “A really inspiring film about sexuality and acceptance”: Chloe Grace Moretz in The Miseducation of Cameron Post. Photo: Supplied “Although there’s a proliferation…
DetailsNew Delhi: Are the Narendra Modi governments attempts at cleaning up Indias bad loans crisis specifically the new bankruptcy law for the resolution of unpaid bank loans by companies being gamed by promoters who might be using these new mechanisms to escape their repayment obligations? Consider the case of Educomp Solutions (ESL), which was once…
DetailsNEW YORK, April 3, 2018 /PRNewswire/ — The Better Business Bureau (BBB) has officially recognized Guardian Debt Relief as an accredited debt relief provider. Coupled with an A+ rating, this achievement marks another step in Guardian’s quest to become the leading provider of debt relief services nationwide. In addition to the BBB, Guardian Debt Relief’s…
DetailsNews Jessica Fino 3 Apr 2018 12:16pm PwC said it would be vigorously defending itself from a $3bn (£2.1bn) lawsuit filed by the Ukrainian bank Privatbank … Read the full article at: https://economia.icaew.com/en/news/april-2018/pwc-to-fight-privatbank-3bn-lawsuit
DetailsBELGRADE (Serbia), April 3 (SeeNews) – Serbia’s government plans to sign a contract for the sale of insolvent tractor manufacturer Industrija Masina i Traktora (IMT) to Indian company Tafe for 66.8 million dinars ($697,000/565,000 euro), Serbian prime minister Ana Brnabic has said. The contract will be signed in the coming three days and the acquisition of…
DetailsHYDERABAD:The National Company Law Tribunal (NCLT) at Hyderabad has initiated corporate insolvency resolution process (CIRP) against city-based hospitality player Viceroy Hotels Limited and appointed KK Rao as interim resolution professional (IRP) for the purpose. This was in response to a petition filed by asset reconstruction player Asset Reconstruction Company (India) Ltd (ARCIL) against the Prabhakar…
Details() is refocusing its health technology solutions with the aim of more closely serving its customers and markets. As such, Orion Health will reorganise its global teams and resources into three main business sectors – Rhapsody, Population Health and Hospitals. The company will be reporting by these sectors in the 2019 financial…
DetailsNEW YORK(BUSINESS WIRE)Schulte Roth & Zabel (SRZ) announces the addition of Kristine Manoukian as a partner in the Business Reorganization Group, resident in the firms New York office. Ms. Manoukian joins the firm from Clifford Chance, where she was a partner in the financial restructuring group. Specializing in corporate restructuring and bankruptcy, Ms. Manoukian represents informal and official…
Details