The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) that Resolution Plan approved by the Adjudicating Authority cannot be questioned by the Operational Creditors when they were provided more than the liquidation value under the Plan as…
Companies News Today Live Updates: Stay ahead of the curve with the latest insights from the corporate world through our company news coverage. This section provides a detailed look at significant events affecting industries and markets globally, including mergers, acquisitions, financial reports, and strategic shifts in leadership and operations. Whether you’re an investor, a business…
SpiceJet is facing new insolvency claims from three Irish aircraft leasing companies and a former pilot. The parties alleged the airline of defaulting on rent and employment payments, adding to the financial strain as it attempts to resume operations. Three Irish lessors, NGF Genesis Ltd, NGF Charlie Ltd, and NGF Alpha Ltd, have alleged that…
By BEN SHIMKUS, CONSUMER REPORTER FOR DAILYMAIL.COM Published: 18:24 AEDT, 6 March 2025 | Updated: 18:24 AEDT, 6 March 2025 A gun manufacturer, known for its high-end rifles and military-style firearms, has filed for bankruptcy. Just over two years since its launch, Watchtower Firearms, the Texas-based manufacturer, filed for Chapter 11 bankruptcy at the end of last…
By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:16 AEDT, 6 March 2025 | Updated: 16:19 AEDT, 6 March 2025 An Australian fashion chain has been forced to close 51 stores after it was forced into liquidation by the Federal Court. Ally Fashion was also forced to axe 250 staff members after the company collapsed. …
Regulators and the Deloitte administrators face some big questions about Brindabella Christian College. Photo: Region. ACT Education Minister Yvette Berry had already decided to grant Brindabella Christian College an extra two weeks to respond to a show cause notice before the embattled school went into voluntary administration on Wednesday (5 March). Ms Berry said today…
Brindabella Christian College went into voluntary administration this week due to alleged financial problems, and after the federal and ACT governments, unions and the tax office started court and disciplinary proceedings. Deloitte Turnaround and Restructuring partners Sal Algeri and Sam Marsden were appointed administrators on Wednesday. They say they want to stabilise the school’s financial…
Vocational training provider Site Group International (ASX: SIT) has entered voluntary administration after failing to reach a compromise over $http://www.businessnewsaustralia.com/1http://www.businessnewsaustralia.com/1 million in penalties being sought by the consumer watchdog after an adverse finding against the company’s former Captain Cook College subsidiary four years ago. Site Group had made a $http://www.businessnewsaustralia.com/1.http://www.businessnewsaustralia.com/1 million provision in its books…
Site Group International Limited (ASX:SIT), an education provider, has entered voluntary administration, appointing Adam Peter Kersey and David Michael Stimpson of SV Partners as joint and several administrators. The decision, effective March 5, 2025, was made by the company’s directors. The administrators are now tasked with evaluating the company’s business operations and financial standing. During…
$17k-a-year school collapses owing millions The Australian Read the original article here