Workers at the troubled Vulcan coal mine in Central Queensland are owed more than $16 million in entitlements, according to a winding up application in the Federal Court. The mine’s owner, the Brisbane-based Vitrinite group of companies, went into voluntary administration on February 22 this year with debts of more than $400 million. The mine,…
Medicine Box Ltd, based in Sutton-In-Ashfield, is not able to repay its debts as they fall due, which has required it to undergo a process like liquidation to manage its affairs People wearing personal protective equipment (stock image) A UK wholesaler of pharmaceutical goods is in the process of winding up operations. Medicine Box Ltd,…
SINGAPORE – Mr Wang Bingxin, 42, bought a used Toyota Vellfire in September 2024 in the hope of earning an income as a private-hire car driver. But he ended up losing nearly a quarter of a million dollars when the car was seized by a finance company a month later. In September 2024, Mr Wang…
The Pegasus golf course near Christchurch is expected to be carved up for housing. The prestigious Pegasus golf club was put into voluntary liquidation in March and placed on the market for sale. A liquidator’s report showed the club owed around $9 million to creditors. The property includes a driving range, practice greens, pro shop, tennis courts,…
Western Australia’s mining sector faces unprecedented challenges as the Griffin Coal rehabilitation responsibility shift intersects with complex policy frameworks governing environmental accountability and energy security. The intersection of energy security demands, corporate insolvency, and ecological restoration challenges creates complex policy dilemmas that extend far beyond individual mining operations. Understanding these systemic pressures requires examining how…
REVEALED: Latest business liquidations in Goondiwindi The Courier Mail Read the original article here
SBI Setback As NCLAT Rejects Combined Insolvency Plea In Videocon Case BW Businessworld Read the original article here
Summary Ahmad said Islamabad’s investment in and the growth of the solar sector in Pakistan have helped mitigate the energy shock to “some extent.” ISLAMABAD (Web Desk) – Pakistan’s UN ambassador warned on Sunday that the ongoing US-Iran war and its resulting energy supply disruptions have created inflationary pressures for millions across developing…
Supreme Court Says Appeal Without Certified Copy Was “Wholly Incompetent,” Sets Aside NCLAT Order Condoning Delay Case Title : Angelwoods Apartment Allottees Association versus M Lalitha and another Case Number : Civil Appeal Nos. 14439-14440 of 2025 CITATION : 2026 LLBiz SC 185 The Supreme Court on Tuesday set aside an NCLAT order condoning delays…
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities — Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) — while setting aside an earlier NCLT order that had directed clubbing of the two cases. Passing a final order, the NCLAT said creditors of VIL and VOVL had intended the…