The meteorological data covered the period of mining company liquidation, which began in 2012 and continued until 2017. 2012 marks the year just before the gold mining company was placed under …
Almost 130 workers and suppliers of controversial mining company Central Rand Gold (CRG) are set to go without their salaries or overdue payments for an even longer period after the mine was placed under liquidation.
Both mines are currently under care and maintenance. BCL, located in the mining town of Selebi-Pikwe, comprises four underground shafts, a concentrator and a flash furnace smelter whilst Tati, located near Francistown comprises two mining operations (underground and open pit) and a concentrator.
15 November 2022. Trevali Mining Corporation, the company that operated the Perkoa zinc mine, has taken stock of the judicial liquidation of its 90% stake in the mine. In a release dated 14 November 2022, Trevali Mining Corporation announced that the Commercial Court of Ouagadougou has issued an order providing for the liquidation of …
The US tried to facilitate a deal for Swiss trading house Mercuria to acquire copper-cobalt mines in the Democratic Republic of Congo in a transaction that hinged …
Sept 1 (Reuters) - Administrators of Alita Resources ALIT.SI on Thursday started the liquidation process for the cash-strapped Australia-based lithium miner on …
NSOLVENCY PROCLAMATION 1957 HIRE PURCHASE ACT 1974[1] This is an application by the liquidators of Thotanyana Mining and Civil Works (Pty) Ltd (in liquidation) for an interdict pending the finalisation of the matter and for a declaratory order which is t. e ordinary relief set out in the notice of motion.[2] The interdict sought to …
1. This application is brought in terms of section 131 of the Companies Act 71 of 2008 ("the Act") for an order placing the first respondent (Mintails Mining SA (Pty) Ltd) (in liquidation)) under supervision and business rescue, together with ancillary relief.
Mining company placed in liquidation This content is not included in your organisation's subscription. To request access or to find out more about EIU's solutions, please contact [email protected]
This is an appeal (and cross-appeal) against the judgement and order of Molete J making certain declaratory orders following a dispute that arose between the liquidators of a company in liquidation (Thotanyana) and two banks, First National Bank Lesotho Ltd (FNB) and Standard Lesotho Bank Ltd (Standard bank), collectively 'the …
The company will be placed under liquidation on Friday, with applications made for interim injunctions to hold back other relevant parties from dealing with the assets of Alita, which includes...
Athi River Mining Company is to wind up its operations on 30th September 2021, bring an end to more than two years when the cement maker has been under administration. […]
Liquidator Hendrick Strijdom confirmed that the company Marico Chrome Corporation (Ltd), which owns the Marico Chrome Mine, is under liquidation. However, Strijdom refused to comment further on ...
Among the hundreds of companies listed for liquidation in India, we have listed below the recently liquidated companies in India and the companies under the liquidation process. Let us start our list.
In the Indian context, definition of "winding up" was introduced by the Indian Companies Act, 2013 whereby Section 2 (94A) was inserted which stated that it means "winding up under this Act or liquidation under the Insolvency And Bankruptcy Code, 2016, as applicable".
Company under Liquidation. Deemed Liquidation means a liquidation of the Company that is deemed to occur pursuant to Treas. Reg. § 1.708-1 (b) (4) in the event of a termination of the Company pursuant to Section 708 (b) (1) (B) of the Code. Liquidation Parity Stock means any class or series of stock of the Corporation (other than the Series …
This article defines liquidation of a corporate debtor as the end of its operations or existence under IBC with a special focus on priority of claims.
ARM to be Finally Sold After Its Revival Flops. Athi River Mining Company is to wind up its operations on 30th September 2021, bring an end to more than two …
A corporation formed or organized under the provisions of the Revised Corporation Code may be dissolved voluntarily or involuntarily. Corporate dissolution and liquidation, however, are proceedings under different bodies. The Securities and Exchange (SEC) has jurisdiction over corporate dissolution, but not corporate …
Athi River Mining Cement PLC is now under liquidation after two years of being in administration. This follows the appointment of the company's administrators as liquidators.
Admitted. 28 Jun, 2024. In the matter of Azhimuthu Software India Private Limited [I.A (IBC) / 1799 / CHE / 2023 In IBA / 1302 / 2019] Dissolution. Disclaimer - The Orders/Judgments of judicial authorities as available on the website of the Insolvency and Bankruptcy Board of India (IBBI) are received from various sources and the IBBI does not ...
Botswana's newest and only operational copper mine is expected to start production in 2021 with annual output building to 60,000 tonnes of concentrate, its executive director said.
One of the questions that we get asked most when companies contemplate whether to file for business rescue or liquidation, is, what about our employees?
When a company is put under a members' voluntary winding up, a liquidator is appointed to take over the affairs of the company. At this stage, power of directors cease. However, a director's right to resign his directorship remains intact. A director has the right to resign his directorship at any time by serving a written notice to the ...
Liquidation & Winding Up Process Under Companies Act. ♦ Liquidation process is the last stage where a creditors can recover their money from the company. ♦ First, the company go for the resolution process and if it doesn't work then the company goes for the liquidation process. ♦ For recovering the money from the company, an …
Minister of Mines and Minerals Development Paul Kabuswe has updated Parliament on the status of Konkola Copper Mines (KCM) liquidation process. In a …
Nagaur Water Supply Company Private Limited. Ramdev PVC Product Pvt Limited. Raghav Sarees Private Limited. Crystal Facilities Management Private Limited. Superkisan E-Commerce Private Limited. PJM Minerals and Industries Private Limited. Companies under Liquidation (Public Annoucements) - AAA Insolvency Professionals LLP …
The e-filling status of the Company, on successful filing of Form GNL-2 and Form MGT-14, is changed to 'Under Liquidation'. It should be pursued with office of concerned Registrar for change in status.
At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the balance sheet shown below (in thousands of dollars). The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7.
Over 400 businesses have liquidated in South Africa so far this 2023. The latest March 2023 statistics of liquidations provided by Stats SA showed that over the course of the third month of the ...
The case of Centaur Mining South Africa (Pty) Ltd v Cloete Murray N.O. and Others involved a complex network of companies engaged in fraudulent activities and raised questions about the court's powers under section 20 (9) of the Companies Act.
GABORONE, April 11 (Reuters) – Botswana's High Court has taken Tati Nickel Mine out of provisional liquidation, dismissing a request for more …
Accounting questions and answers. At the time it defaulted on its interest payments and filed for bankruptcy, the McDaniel Mining Company had the balance sheet shown below (in thousands of dollars). The court, after trying unsuccessfully to reorganize the firm, decided that the only recourse was liquidation under Chapter 7.
The company will be placed under liquidation on Friday, with applications made for interim injunctions to hold back other relevant parties from dealing with the assets of Alita, which includes one ...
The Ministry of Corporate Affairs vide its notification dated 24th January 20202, has notified the Companies (Winding Up) Rules, 2020 that are applicable to companies undergoing liquidation under section 271 of the Companies' Act, 2013 as well as to the summary procedure for liquidation under section 361 of Companies' Act, 2013.
