Ruling highlights risks for Australian voluntary administrators when new funding is available

The judgment, following a successful termination of the external administration and delivered in a costs dispute, examined the conduct of administrators overseeing a sporting club. The Federal Court found that delays in convening a creditors’ meeting forced stakeholders to seek court intervention, an outcome the court ultimately deemed unnecessary. Hannah Griffiths, an expert in…

Dhoot moves SC against insolvency order: Rediff Moneynews

Venugopal Dhoot challenges order upholding separate insolvency for Videocon Industries & Videocon Oil Ventures in Supreme Court. New Delhi, May 21 (PTI) Videocon founder Venugopal Dhoot has moved the Supreme Court against a National Company Law Appellate Tribunal order upholding separate insolvency proceedings for two group entities – Videocon Industries Ltd and Videocon Oil Ventures…