NOIDA: The 3C Company on Thursday became the third major Noida-based developer after Jaypee and Amrapali to become embroiled in insolvency proceedings. In response to a plea by buyers who have not received their flats, the National Company Law Tribunal (NCLT) appointed an interim resolution professional to resolve the financial liabilities of Granite Gate Company,…
Business leaders may increasingly find themselves falling afoul of the law, with an insolvency specialist warning that a looming credit squeeze could see the volume of such cases increase rapidly. Ginette Muller (pictured), of insolvency firm Jirsch Sutherland, said that the property downturn and banking royal commission are weighing heavily on banks and lenders, which…
Premier Oil has used its second consecutive year of record oil production to make bigger than expected cuts into its huge debt pile. The London-listed oil and gas company expects its financial results to reveal end-of-year debtsof $2.3bn, after shaving $390m off the total following a boom in its oil output. Premier told investors it…
Luxury skincare retailer Crabtree & Evelyn is winding down its Australian operations, amidst a global wind-down of its operations. The business has appointed restructuring firm KordaMentha to handle the closure locally and expects all 12 stores in Australia to close by the end of January, affecting approximately 100 staff. Crabtree & Evelyn recently announced the…
ATLANTIC CITY, N.J. Atlantic Citys Ocean Resort Casino is changing hands after just six months of operation, the latest indication that the New Jersey seaside resort may have bitten off more than it can chew when it reopened two shuttered casinos last summer. The property formerly known as Revel is being acquired by an outside…
The relentless involvement of betting companies in football has drawn a generation of young men into strongly associating their support for the game with gambling, leading to dire consequences for many, a study has found. The explosion in marketing and sponsorship since the last Labour government deregulated gambling in 2005, combined with the ease of…
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newsletters, editors-pick-list, Martin Building Services, liquidation, builder, Denis Martin, James Shaw, Shaw Gidley, insolvency ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and…
Many schools across the country have too much lead in their tap water, but most are not even testing for it, according to new research published Wednesday. Many schools across the country have too much lead in their… Read the full article at: https://www.bigcountryhomepage.com/news/main-news/lead-in-water-study-shows-many-schools-have-far-too-much/1695978322
The Fair Work Ombudsman (FWO) and Australian Tax Office (ATO) will be given new powers to pursue company directors trying to skip out on paying their employees in the event of insolvency under laws that have passed the House of Representatives. The reform, which is expected to pass through the Senate, aims to crack down…