Seven Nike-branded stores across Sydney have abruptly shut down after local franchisee AF-1 was placed into voluntary liquidation. The affected outlets were in prominent suburbs and shopping precincts including Pitt Street (CBD), Bondi, Neutral Bay, Chatswood, Burwood, Warringah and Castle Hill. In a notice sent to the Australian Securities and Investments Commission (ASIC) last week,…
The Clean Slate Doctrine is a key legal principle embedded in the Insolvency and Bankruptcy Code, 2016 (“IBC”), which plays a pivotal role in the corporate insolvency process in India. Clean Slate Doctrine under the Insolvency and Bankruptcy Code (IBC) Latest News The Delhi High Court recently confirmed the “clean slate” doctrine under the…
No Concept Of “Symbolic Possession” Under IBC, IRP Is Entitled To Take Actual Control Of Corporate… Live Law Read the original article here
Controversial auction platform Grays Online has been placed into administration just days after being sold to Slattery Auctions for $2 million, raising questions over whether the move was designed to sidestep a $10 million penalty imposed by the Australian Competition and Consumer Commission (ACCC). The appointment of administrators was confirmed late Friday by Jason Preston,…
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LOS ANGELES – The Trump administration is offering unaccompanied migrant children $2,500 (S$3,221) to leave the US voluntarily, according to a letter seen by Reuters that was sent to migrant shelters. Officials at the Department of Homeland Security’s Immigration and Customs Enforcement confirmed a monetary offer was being made but did not specify an amount.…
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REVEALED: Latest business liquidations in Gosnells dailytelegraph.com.au Read the original article here
Quadrant Televentures CFO Anuj Ohri to Step Down Amid Corporate Insolvency Resolution Process scanx.trade Read the original article here
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