IoT player Thinxtra enters administra…

Australian administrators were given four days to line up potential suitors for IoT connectivity and services provider Thinxtra, which entered voluntary administration yesterday (7 December). The local office of professional services company Grant Thornton is handling the proceedings, which involve seeking expressions of interest from potential buyers by noon on 11 December. Thinxtra provides low-power,…

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Thin line between contractual dispute and IBC

Sonam Mhatre, Amit Mishra  Under Section 14 of the Insolvency and Bankruptcy Code, 2016 (“IBC”), once a company enters Corporate Insolvency Resolution Process (“CIRP”), a moratorium is declared to protect its assets and maintain it as a going concern. However, in many redevelopment cases, defaulting developers misuse this protection. The moratorium is meant to protect…

Uh-Oh is Barbeques Galore Cooked?

Could this be the end of Australian Barbeques (Galore)? Last Thursday Barbeques Galore sadly announced that they have entered voluntary administration. The financial collapse sadly is just another casualty in the ongoing cost of living crisis and growing inflation the world is experiencing. The Aussie outdoor retailer currently has 68 company-owned stores across the country,…