Last night’s Four Corners, titled ‘Betting on the House‘, focused on debt and its likely impact on home prices in Australia. Quite simply, at an individual level, debt is like a mouse wheel: it keeps going round and round, so long as the mouse is able to keep running. As it spins faster, it helps…
Amcor chief executive Ron Delia says the packaging giant will be untroubled by the structural shifts in e-commerce as online giants such as Amazon upend traditional business models, with demand picking up for “smart” packaging. He said on Tuesday consumer goods companies are increasingly asking for more protective packaging, better authentification and there is a…
National Company Law Tribunal (NCLT) is finding it difficult to get qualified judges to meet the growing demand of bad loan resolution cases filed by bankers and corporates. The NCLT is adding new Benches and interviewing more judges to keep pace with the cases being admitted. But yes, it is becoming more challenging to get qualified…
The National Company Law Appelate Tribunal (NCLAT) has dismissed an appeal by builder Neelkanth Township against bankruptcy proceedings, saying its reference to a 1963 law that prescribes a time limit to initiate recovery of loans is not applicable. The decision may allow small-ticket lenders to recover their money. Several operational and smallticket lenders who had…
Insolvency experts say small businesses are doing it tough, but that wont stop the tax office and government bodies from stepping in to apply for company wind-up orders as the Australian Taxation Office continues its more aggressive pursuit of businesses. Figures collated from court insolvency records by Prushka Fast Debt Recovery suggest that 46% of wind-up…