Ruling Makes Clear a Simple Path to Chapter 15 Recognition – Steptoe
Ruling Makes Clear a Simple Path to Chapter 15 Recognition Steptoe Read the original article here
NCLT Reaffirms SWAMIH Fund’s Power To Shield Real Estate Projects; Dismisses Insolvency Plea Against Developer
The National Company Law Tribunal (NCLT), Allahabad Bench of Sri Praveen Gupta (Member, Judicial) and Sri Ashish Verma (Member, Technical) has dismissed a Section 7 insolvency application filed by M/s Nivedan Fin Invest Lease Limited (Financial Creditor) against real estate developer M/s Cosmos Infraestate Private Limited (Corporate Debtor). Beyond ruling that a short-term business investment…
Hodge raises remortgage and debt consolidation LTVs
Hodge Bank has increased loan-to-value limits across its residential and later life mortgage ranges. The specialist lender will now allow debt consolidation up to 90% loan to value, up from 85%, across its Hodge Resi and Hodge Resi Retire product ranges. It has also increased its maximum loan to value for remortgaging to 95%, from…
Holidayers stranded as AVG Travels goes into liquidation
Australian tour company AVG Travels is under fire for leaving thousands of customers in the lurch after going into liquidation. “You pack your bags, get insurance … and this is what I get in return,” said Pearl Rodriguez, who booked a trip to China. When Pearl visited the head office in Melbourne today, the lights…
Dashdot collapses, claims tax changes have spooked investors
The CEO of collapsed property investment advisory Dashdot says it is working to shield clients from the financial fallout, after declaring the startup fell victim to brutal economic conditions, federal budget reforms, and changes to Meta’s advertising system. Related Article Block Placeholder Article ID: 337989 Dashdot fell into voluntary liquidation last week, with the seven-year-old…
ECEC provider Precious Cargo enters liquidation
MindChamps returns to profitability as Australia remains key growth market MindChamps PreSchool has reported a return to profitability in FY2025, with the Singapore-listed early learning provider highlighting improved financial performance, expansion activity in Australia and plans for further franchise growth as it positions itself for future international expansion. Read the original article here
Metrocom owner of GalaPower shuts down after owing millions to disties
The company is reportedly owing several Aussie-based disties millions of dollars. Metrocom, owner of GalaPower has gone into liquidation after owing creditors hundreds of thousands of dollars. A notice of liquidation was published on May 25 saying the company would be wound up and that Christopher Peter Sequeira and Andrew John McCabe be appointed as…
The reality of going bankrupt in Australia – moneymag.com.au
The reality of going bankrupt in Australia moneymag.com.au Read the original article here
EXCLUSIVE: Multi Million Dollar Retailer Collapse Rocks Australian Distributors After Business Placed Into Liquidation – channelnews
One of Australia’s most dramatic technology sector collapses has left some of the nation’s largest IT distributors facing losses exceeding $14 million, raising serious questions about credit controls, supplier exposure, and how a relatively small Victorian retailer was able to accumulate such substantial debts in just a few years. Metrocom AU Pty Ltd, the owner…
JK Riverstone REIT delisting prompts Korea investors to weigh liquidation gains – CHOSUNBIZ – Chosunbiz
JK Riverstone REIT delisting prompts Korea investors to weigh liquidation gains – CHOSUNBIZ Chosunbiz Read the original article here