Ally Fashion owes $56m across 260 creditors

Liquidation

Recently collapsed fast fashion retailer Ally Fashion owes more than $56 million in liabilities to over 260 creditors.  This is according to ASIC filings obtained by Ragtrader, which confirms that the highest-value creditor is DDT Management Pty Ltd – a related party to the Ally Fashion business – which is owed $46.1 million. Other high-value…

Tooley Foster stops trading after 132 years

Liquidation

The studio was one of the oldest architectural practices in the world, having been founded by Herbert Tooley in Buckhurst Hill, Essex, in 1892. It became Tooley & Foster Partnership in 1910, rebranding as Tooley Foster in 2021, when it boasted a workforce of 30 people.  But the practice’s main trading arm, Tooley Foster 1982…

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Debt Help

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Gautam Adani, Anil Agarwal’s Vedanta, Baba Ramdev’s Patanjali in race of buying debt-ridden firm, its name is…, business is…

Bankruptcy

Home Business Gautam Adani, Anil Agarwal’s Vedanta, Baba Ramdev’s Patanjali in race of buying debt-ridden firm, its name is…, business is… JAL was admitted into the Corporate Insolvency Resolution Process (CIRP) through the National Company Law Tribunal, Allahabad Bench, order dated June 3, 2024. Gautam Adani’s group, Anil Agarwal’s Vedanta Group, and yoga guru Baba…