June 24, 2026 - Page 4 of 9 - Insolvency Guardian

Acknowledgments and Part‑Payments Extend Statutory Filing Period: NCLT Initiates CIRP Under Sec. 7 IBC for ₹16.53 Cr Outstanding [Read Order]

LiquidationBy Editor June 24, 2026

In a recent ruling, the National Company Law Tribunal (NCLT), Cuttack Bench, admitted a petition under Section 7 of the Insolvency and Bankruptcy Code, 2016, filed by a financial creditor against the corporate debtor for a default of ₹16.53 crore arising from a loan agreement dated 30 September 2020. Financial creditor, In2IT Systems & Services Pvt. Ltd. (formerly Alpha Codes IT Solutions Pvt. Ltd.) filed an application under Section 7 of…

Stax activewear: Perth-founded brand enters receivership as administrators take control

BankruptcyBy Editor June 24, 2026

Updated June 24, 2026 — 4:17pm,first published 4:09pm Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA Australian activewear brand Stax, which was known for its black tights and fleeces, has collapsed into receivership and appointed consultants to explore whether the business can be…

Corporate Travel

BankruptcyBy Editor June 24, 2026

Corporate Travel Management will miss its self-imposed end-of-month deadline to return to the ASX because overcharged customers have not agreed to its 18-month payment terms. The company – which The Australian Financial Review’s Street Talk column revealed entered safe harbour at the end of May – now faces the prospect of being delisted if it…

‘A real difference’: how community hubs help local people fight rising living costs | Consumer affairs

Debt HelpBy Editor June 24, 2026

Shortly before lunchtime in a London community centre, older visitors are chatting over coffee and crosswords as young families drift in and out. Kitchen volunteers from the Real Junk Food Project are preparing lunch at a “pay as you feel” cafe, using food that would otherwise have ended up in the bin. Conversations inside the Victorian building…

$450k divorce loan, banned store sale exposed in Vic tech chain bust – Herald Sun

LiquidationBy Editor June 24, 2026

$450k divorce loan, banned store sale exposed in Vic tech chain bust Herald Sun Read the original article here

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LiquidationBy Editor June 24, 2026

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Glossier secures US$45 million debt financing to support growth plans – Global Cosmetics News

Debt HelpBy Editor June 24, 2026

Glossier secures US$45 million debt financing to support growth plans Global Cosmetics News Read the original article here

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LiquidationBy Editor June 24, 2026

Whangārei Honda dealership in liquidation, customers face long service trips

LiquidationBy Editor June 24, 2026

Whangārei resident Tony Smith, who has a Honda Jazz hybrid with a five-year warranty, said news of the closure “came as a bit of a shock”. Smith visited the store on Dent St last weekend, only to find a closure sign on the door. “There were a few angry people there while I was there.…

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LiquidationBy Editor June 24, 2026

Daily Archives: June 24, 2026