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Daily Archives: July 10, 2018

Bike-sharing company ofo cycles out of Australia, others remain in doubt – ABC Local

LiquidationBy Insolvency GuardianJuly 10, 2018

The future of dockless share bikes in Australia is in doubt, with at least one company announcing it is ceasing operations here, and the future of two more is under a cloud. Several companies have faced a backlash from local residents and councils in several capital cities. The bright yellow and red bikes of…

Soon, it will be easier to get a refund if your builder goes bankrupt – Business Standard

BankruptcyBy Insolvency GuardianJuly 10, 2018

In an ongoing dispute between distraught homebuyers and Gayatri Hospitality & Realcon Ltd, a realty firm in Noida, the former claim that the latter has not so much as laid a brick in Gayatri Aura, a project it launched way back in 2011. The company has been booked for cheating, fraud, and…

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