Insolvency law has evolved tremendously since the Insolvency Act 1986. The revolution brought about by Sir Kenneth Cork’s Report of the Review Committee on Insolvency Law and Practice (1982) Cmnd 8558 changed the view of insolvency from the final destination for insolvent companies to one of recovery or rescue of those companies. From two types…
Ardgour Valley Fruit near Tarras, Central Otago, New Zealand, has been placed on the market by liquidators, with a deadline sale set for October 20. The 48.03-hectare orchard, co-founded in 2020 by Ross and Sharon Kirk alongside farmers Bruce and Linda Jolly, was planted with a mix of apricots and cherries. The orchard was…
Ardgour Valley Fruit near Tarras, Central Otago, New Zealand, has been placed on the market by liquidators, with a deadline sale set for October 20. The 48.03-hectare orchard, co-founded in 2020 by Ross and Sharon Kirk alongside farmers Bruce and Linda Jolly, was planted with a mix of apricots and cherries. The orchard was…
New liquidation for developer with $100m-plus in company debts The Press Read the original article here
FOUR YEARS after its dramatic collapse, one of the UK’s biggest roofing firms is still stuck in liquidation limbo — and there’s no clear end in sight. Avonside Roofing, once a major player in the construction industry with 37 branches and 350 employees, went into administration in September 2022. But despite years of efforts, administrators are…
RSM Australia’s Mitchell Herrett has been appointed Liquidator of Sunshine Coast company, Randolph Industries Pty Ltd formerly trading as Tiny Home & Co. (In Liquidation). Mr Herrett said, “We recognise there may be a number of customers with outstanding home builds who are extremely concerned about the situation. “We are working as swiftly as possible…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
Exclusive: A Queensland retiree is suing a tiny home manufacturer after spending about $145,000 for a new tiny home that was never delivered. Sunshine Coast-based Tiny Home and Co was supposed to deliver her home to her block in Far North Queensland by March but it never arrived. The company went into liquidation in September.…
Wbg has appointed Gordon McIntyre as insolvency director based in its Glasgow office. With extensive experience in all forms of corporate insolvency procedures (administrations, court winding up orders and creditor voluntary liquidations) across a broad range of sectors, including manufacturing, commercial and residential property, professional services and construction, Mr McIntyre is qualified as both a…
Section 31(1) of the IBC, as clarified by the Insolvency and Bankruptcy Code (Amendment) Act, 2019, provides that once a resolution plan is approved by the Adjudicating Authority, it is binding on all stakeholders, including creditors, employees, government authorities, and local bodies. The intent is to ensure that the SRA takes over the corporate debtor…