KOLKATA: The way India deals with sick business is in for a shakeout. While Innoventive Industries moved the Bombay HC against the bankruptcy law, the Insolvency & Bankruptcy Board of India registered six other cases, one from liquor baron Vijay Mallyas UB Engineering. ICICI Banks application for insolvency resolution against Innoventive was the first to…
DetailsNorth CEO and Managing Director Carl Dilena says the clubs industry-leading stance to not be involved in pokies operations and gambling sponsorship is finally starting to get the public attention it deserves. North hasnt had gaming machines since 2008 while Essendon, Hawthorn, Geelong, St Kilda, Richmond, Carlton, Western Bulldogs, Melbourne and Collingwood share about $90…
DetailsSouth Florida betting expert Adam Meyer used bizarre methods to rip off more than $45 million from one of his wealthy clients — money he used to gamble, buy fancy homes, luxury cars and expensive jewelry. On Friday afternoon, prosecutors hope a judge will sentence Meyer, 44, of Southwest Ranches, to 12 years in federal…
DetailsHoward’s Storage World was sold by Deloitte after going into voluntary administration. Howards Storage World Howard’s Storage World Group has managed to escape being the latest on a long list of failed retailers after Deloitte sold the business, but not before a restructure resulted in the shuttering of 11 company-owned stores and the loss of 90 jobs. As first revealed by The Australian…
DetailsBDO insolvency experts Michael Jennings and Brian Murphy were appointed administrators to the company in a High Court hearing on Tuesday A Co Armagh concrete company has gone into administration after nearly 40 years in operation. Administrators from business advisory firm BDO have been appointed to run Cootes (Concrete Products Ltd) on Redrock Road in…
DetailsAdministrators for the collapsed retailer Howards Storage World have found a buyer for the bulk of the chain, effectively saving about 160 jobs nationwide. Deloitte Restructuring Services announced this morning the sale of the business to undisclosed experienced retailer for an undisclosed price. Howards Storage was established in 1997 and has 58 stores nationally, including…
DetailsRetail chain Howards Storage World will emerge from voluntary administration, with administrators Deloitte securing a sale of the business and its franchise network to an unnamed buyer. The business was placed into the hands of external managers in late 2016, with Vaughan Strawbridge and David Lombe from Deloitte appointed to manage the administration of four entities…
Details– Company Expects $25 million in Annual Cost Savings from Restructuring Plan – – Consolidated Locations will be Merged into Adjacent Dealerships – – Reorganized Operating Structure Expected to Increase Efficiency and Improve Customer Support – WEST FARGO, N.D., Feb. 09, 2017 (GLOBE NEWSWIRE) — Titan Machinery Inc. (Nasdaq:TITN), a…
DetailsTORONTO, ONTARIO(Marketwired Feb. 9, 2017) NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES Strata Minerals Inc. (TSX VENTURE:SMP) (Strata Minerals or, the Company) announces the restructuring of its affairs. Restructuring Overview Strata Minerals announces the following shareholder approved restructuring transactions as well as board and executive appointments: The issuance…
DetailsClive Palmer’s nephew and wife did a deal for Queensland Nickel to buy $135 million worth of shares in a coal mine he wanted to build five days before the company failed, a court has heard. At the time the deal was signed, on January 13 last year, Queensland Nickel was less than a week…
Details