Bhart Bhushan’s collapsed property developer, Bathla, had run afoul of the NSW Building Commission and owed nearly $150 million in taxes before it collapsed last week with debts of more than $3.4 billion. Administrators Teneo, which were appointed to Bathla last Tuesday, have tried to secure funding to keep the business out of liquidation but…
REVEALED: Liquidator appointments for businesses in the Redland council area for September 2 The Courier Mail Read the original article here
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The distressed-debt market is watching PANDION with growing unease as the Cologne-based property developer’s restructuring effort fragments into a patchwork of parallel court proceedings. Eleven project companies — spanning Stuttgart, Cologne, Berlin and the Siebengebirge region — filed for insolvency last Thursday, pulling individual development vehicles into the process alongside the parent group that sought…
Tierra del Fuego Governor Gustavo Melella launched a debt relief program on September 1, 2026, offering lower interest rates and extended payment terms to families struggling with credit card and personal loan obligations. The initiative marks a sharp divergence from President Javier Milei’s austerity approach to household debt. The program reduces credit card financing rates…
There is something deeply perverse about the way Australia now fights inflation. The government keeps spending too much, the RBA raises interest rates in a bid to contain the resulting inflation, and mortgage holders are forced to carry the burden. Oh, and now property prices are tanking too, leaving many new homeowners with negative equity,…
Pidilite Industries Limited has announced the voluntary liquidation of its wholly-owned step-down subsidiary in Bangladesh, Nina Percept (Bangladesh) Private Limited (NPBPL). This decision, effective from August 19, 2026, follows an order from the Registrar of Joint Stock Companies and Firms, Bangladesh. NPBPL has been inoperative since its incorporation due to a lack of business opportunities.…
Macy’s liquidation pallet companies give retailers, resellers, and other wholesale buyers a way to purchase surplus, overstock, returned, and store-stock merchandise in bulk. Instead of buying at retail prices, buyers can source this inventory at a discounted price through liquidation suppliers. Macy’s does not sell these pallets to the public. To buy Macy’s liquidation pallets,…
New Delhi: India’s corporate credit cycle is likely to remain stable in the near term, supported by strong corporate balance sheets, moderate debt levels and a capital expenditure cycle largely funded through companies’ own cash flows, according to a report by Kotak Institutional Equities. The brokerage said these factors are expected to limit the risk…
Troubled superannuation trustee Diversa says it has no guarantees from its private equity shareholders they will continue to support the business and protect the company from insolvency if forced to repay nearly $250 million to victims of the collapsed First Guardian investment scheme. In a fiery hearing of Senator Deborah O’Neil’s joint parliamentary committee for…