A Tauranga building company is being wound up after work stopped on about 30 houses at The Lakes in October. Bella Vista Homes went into voluntary liquidation this week, leaving one young family worried about the prospect of incurring extra costs to complete their home. Liquidator and Hamilton accountant Kim Thompson said that everyone who…
DetailsLUXURY handbag maker Oroton has collapsed, becoming the nation’s latest retail victim. The listed luxury retailer, whose most recent public face has been Aussie actor Rose Byrne, announced this morning is was placing itself in voluntary administration. Since the announcement was made, people have been hitting the label’s outlet website to snap up heavily discounted…
Details| 2 hours ago In his retirement, Register will focus on building his Digital Engagement Center for the Prevention of Violence. Publicis.Sapient co-CEO and longtime agency executive Chip Register announced today that he will retire at the end of 2017. Co-CEO Alan Wexler will take over as the leader of the digital shop as the…
DetailsRigby Cooke Lawyers has strengthened its expertise in litigation and insolvency with the appointment of Katerina Poulakis as senior associate. Poulakis, who has 10 years experience as a lawyer, came from SLF Lawyers. She has a wide range of expertise, including acting in contract, franchise, property and Australian Consumer Law disputes. She also advises in…
DetailsNEW DELHI: Allahabad bench of the bankruptcy court has rejected a plea from Exim Bank to treat its claim of Rs 625 crore on JEKPL Private Limited to be treated as financial debt after insolvency proceedings have been filed against the Allahabad-based firm. The decision of Allahabad National Company and Law Tribunal (NCLT) is expected…
DetailsA file photo of the Sebi headquarters in Mumbai. Eleven of the 12 large NPA accounts currently under insolvency proceedings, including Bhushan Steel Ltd, Alok Industries Ltd, Amtek Auto Ltd, Lanco Infratech Ltd, Electrosteel Steels Ltd and Era Infra Engineering, are listed companies. Photo: Abhijit Bhatlekar/Mint Mumbai: A committee set up to ease listing, compliance…
DetailsThe Department of Justice trustee assigned to Toys R Us bankruptcy case has written a fiercely worded letter criticising the retailers plan to pay executives multimillion-dollar sums. In a statement, Toys R Us defended the motion as standard practice. A final decision will be made in court in December. Toys R Us bankruptcy proceedings are…
DetailsWomen in the United States are often at a disadvantage financially; they make only about 82 cents on the dollar when compared to their male counterparts, and they are less likely to look for new investments to increase their wealth. Women are 80% more likely than men to be stricken by poverty in their…
DetailsNEW DELHI: Allahabad bench of the bankruptcy court has rejected a plea from Exim Bank to treat its claim of Rs 625 crore on JEKPL Private Limited to be treated as financial debt after insolvency proceedings have been filed against the Allahabad-based firm. The decision of Allahabad National Company and Law Tribunal (NCLT) is expected…
DetailsNEW DELHI: Government may consider giving different treatment to small and medium enterprises (SMEs) under the Insolvency and Bankruptcy Code (IBC) since they usually have limited number of buyers and rely largely on promoters for a resolution. It is my view that we have to consider the case of SMEs objectively since they form the…
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