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Director behind 400 companies banned for nine years after ‘subverting insolvency system’

A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took…

ASIC records 3000+ construction sector insolvencies in 2024, red flags that signal your builder could be next

A partially built home where construction stalled after the 2024 collapse of Grandeur Homes. The collapse of more than 3000 construction firms has legal and building industry figures worried about government plans to fix Australia’s housing crisis with a new home boom. Australian Securities and Investments Commission figures released on December 23 show 3217 Aussie…

NUVOCO Vistas emerges as the Successful Resolution Applicant (SRA) in relation to the Corporate Insolvency Resolution Process of Vadraj Cement Limited (VCL)

Others Specials Highlights: Post-transaction approval, Nuvoco’s installed cement capacity will increase by over 20% The consolidated capacity will reach 31 MMTPA, ensuring Nuvoco’s position as the fifth- largest cement group in India Enhanced geographical reach, with nearly 40% of total capacity in the North and West regions Overall investment, including refurbishment of assets, will be…