In the aftermath of the 2007-09 global financial crisis, advanced countries created abundant liquidity through expansionary monetary policies. This enabled many developing countries to borrow from the global market at exceptionally low interest rates to support their infrastructure, social programmes and responses to economic shocks. However, the era of inexpensive money ended when the world…
Vasyl Pankovych, 43, of Oakdale Drive, Heald Green, operated VP Building Limited, which was based in Clayton-le-Dale, and has since gone into liquidation. In November 2020, Pankovych breached the conditions of the Covid 19 Bounce Back Loan scheme by applying for a second sum of taxpayers’ money that the company was not eligible for. The…
New Delhi, Appellate tribunal NCLAT on Monday allowed closure of the Corporate Insolvency Resolution Process (CIRP) against Shalfeyo Industries Pvt Ltd on account of the settlement of all creditors’ claims. A three-member bench held that all creditors’ claims stood settled or were in the process of being settled. The bench noted that Shalfeyo Industries’ suspended…
SYDNEY – Sydney property developer Bathla Group’s collapse has left thousands of Australian home buyers – who have paid deposits and are waiting for their off-the-plan homes to be built – in limbo. Those caught up in Bathla’s crisis face a patchwork of outcomes. They could potentially get their deposits back or eventually receive the…
Sydney Dessert Co, known for its elaborate wedding cakes, has ceased trading and entered voluntary liquidation. Director Vanessa Kefalouros said the Sans Souci-based company was “winding down operations”, according to a director’s report. The report states the company owes $38,600 to the Australian Taxation Office and $3,599 in superannuation to Kefalouros. Christopher Darin of insolvency…
• NISO threatens sanctions over outstanding obligations •Discos’ June revenue collection falls 7.82% to N191.86bn Emmanuel Addeh in Abuja The Nigeria Independent System Operator (NISO) has directed electricity Distribution Companies (Discos) to immediately commence the settlement of their outstanding obligations to the Nigerian Electricity Market and service providers. The organisation, in a statement, stressed that…
Updated September 7, 2026 — 12:07pm,first published 11:04am Save You have reached your maximum number of saved items. Remove items from your saved list to add more. AAA More than 200 staff have been stood down from the collapsed Bathla Group after a weekend of crisis talks, as administrators confirmed construction on developments in Sydney…
SYDNEY – Sydney property developer Bathla Group’s collapse has left thousands of Australian homebuyers – who have paid deposits and are waiting for their off-the-plan homes to be built – in limbo. Those caught up in Bathla’s crisis face a patchwork of outcomes. They could potentially get their deposits back or eventually receive the keys…
Under voluntary administration and having stood down two-thirds of its staff, embattled property developer Bathla Group has left dozens of customers in limbo, with many wondering: What happens next? Out of the company’s 45 active projects, it is not yet clear how many will continue construction under a short-term funding lifeline announced on Monday. However,…
Highfield Resources Enters Voluntary Administration; Receivers Assigned to Subsidiary KCL Resources Kalkine Media Read the original article here