West of Sunshine, set in Melbourne’s west, makes its mark at Venice exit Australian writer-director Jason Raftopoulos was overcome by the five-minute standing ovation that greeted his debut film West of Sunshine after its world premiere at the Venice Film Festival. “It was a completely overwhelming experience,” he said. “So much of filmmaking is conducted…
DetailsMoneycontrol News Shares of Ruchi Soya Industries added 11.5 percent intraday Wednesday on the back of board approval for internal corporate restructuring. The company at its meeting held on Sept 6, has given consent to explore an internal corporate restructuring exercise which will allow the company to consider various option such as subsidiarisation or de-merger…
DetailsMark Sands Restructuring and recovery specialist Quantuma has appointed a new partner from Baker Tilly Creditor Services, part of RSM. Mark Sands will be based at the firm’s Brighton office but will also work across Southampton and London. He is a former president of the Insolvency Practitioners Association, sits on the personal insolvency committees of…
DetailsSocial democracy has proven to provide the best balance of prosperity, justice and sustainability, Sachs says. Sustainable development means an economy that is prosperous, fair and environmentally sustainable. That is the perfect framework for Greeces economic recovery. That is how celebrated American economist and Columbia University professor Jeffrey Sachs explains the significance of the…
DetailsDomestic lenders have launched aggressive steps to start insolvency proceedings against the companies named in the Reserve Bank of Indias second list of defaulters recommended for insolvency proceedings. While many of the companies named in the second list are making desperate attempts to get their debt restructured, top lenders are preparing to file insolvency proceedings…
DetailsBalcatta-based electrical, fire and security service provider Global Electrotech has gone into liquidation after creditors appointed DCS Advisory to the failed business, which owes about $1.2 million. Global Electrotech fell into the hands of WA Insolvency Solutions as administrators in 2013, but gained control several months afterwards with a deed of company arrangement, while the…
DetailsTroubled civil construction and mining services business Brierty has been placed in voluntary administration after failing to secure what it considered to be an adequate pipeline of future work. Brierty, which has failed to recover from both the mining downturn and cost blowouts on a Main Roads project last year, said it had appointed Matthew…
DetailsThe Noida authority and the homebuyers of Amrapali Silicon City may challenge the order of the National Company Law Tribunal (NCLT) of initiating insolvency proceedings against the fund-starved builder in the Supreme Court. The NCLT on Monday accepted Bank of Barodas insolvency plea against Amrapali Silicon City in Sector 76, Noida. The bank initiated the…
DetailsPolice say Miles has made full admissions. Steelers boss Scott Miles has admitted he fleeced the club of up to $1 million, in order to feed an secret gambling habit. Court documents reveal the since-sacked GM began siphoning money from the club in 2010, after taking out more than 11 credit cards, two personal loans and a…
DetailsOn 4 September, a Supreme Court bench comprising Chief Justice Dipak Misra and Justices Khanwilkar and Chandrachud granted an interim stay on the order of National Company Law Tribunals (NCLT) bench at Allahabad in the insolvency case against Jaypee Infratech, an infrastructure and real estate company. The NCLT had ordered the proceeding under the Insolvency…
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