Aussie influencer's fashion brand collapses into administration – MSN
Aussie influencer’s fashion brand collapses into administration MSN Read the original article here
Australian battery storage developer enters voluntary administration – Energy News Bulletin
Australian battery storage developer enters voluntary administration Energy News Bulletin Read the original article here
Redflow in administration after funding bids fall flat
Queensland battery developer Redflow has entered voluntary administration after failing to attract the equity support required to pursue its growth plans. Headquartered in Brisbane, Redflow designs zinc-bromine flow batteries and manufactures them in Thailand for commercial, industrial, and utility applications. The company said it had received significant commercial interest in its X10 battery and it was…
Lead time for insolvency resolution increases – MSN
Lead time for insolvency resolution increases MSN Read the original article here
Adani Power Receives Approval from NCLT to Acquire Lanco Amarkantak Power
August 23, 2024August 23, 2024 Adani Power Ltd announced that they have received approval from the National Company Law Tribunal (NCLT) Hyderabad Bench for its Rs 4,101 crore resolution plan to acquire Lanco Amarkantak Power Ltd. This acquisition is a part of Lanco Amarkantak Power Ltd’s ongoing Corporate Insolvency…
Lead time for insolvency resolution increases – Banking & Finance News
The average time taken for the conclusion of the corporate insolvency resolution process (CIRP) has surged to 680 days, as of March 2024, from 611 days a year ago, official data shows. This primarily reflects the huge backlog of cases that the NCLT is finding difficult to grapple with, say experts. Finance Minister Nirmala Sitharaman…
Major construction company goes into voluntary administration – MSN
Major construction company goes into voluntary administration MSN Read the original article here
Virgin Australia announces support for Rex customers and people
Attributable to Virgin Australia Group CEO Jayne Hrdlicka: This is a difficult moment for Australian aviation with Rex entering voluntary administration and announcing the immediate suspension of its 737 jet operations. It is also a reminder of the challenging nature of our industry. Our team is now moving quickly to support Rex’s customers and people. …
Popular cabaret club company in liquidation owing millions – Gold Coast Bulletin
Popular cabaret club company in liquidation owing millions Gold Coast Bulletin Read the original article here
Queensland company Bundaberg Farming collapses owing $16m
A Queensland company has been forced into liquidation after a court issued a winding up order for the firm with its accumulated debt topping $16 million. Bundaberg Farming Co Pty Ltd collapsed after the New South Wales Supreme Court issued a winding up order and appointed liquidator Glenn Livingstone for WLP Restructuring. The company had…