Auditor flags Rs 63 crore as potentially fraudulent transactions in HNG – Moneycontrol
Auditor flags Rs 63 crore as potentially fraudulent transactions in HNG Moneycontrol Read the original article here
Melbourne-based Ezprint closes its doors [UPDATED]
Melbourne commercial printer, Ezprint, has hit the skids, entering voluntary liquidation following a general meeting of company members last Friday (15 August), halting all work and terminating employment for all staff. A letter to staff members from company director, Daniel Mayson, stated: “Unfortunately, despite our best efforts, we have reached a point where the business…
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Boardroom battle shatters touchscreen maker Zytronic – The Times
Boardroom battle shatters touchscreen maker Zytronic The Times Read the original article here
Major logistics operator calls in voluntary administrators
One of Australia’s largest independent logistics operators, XL Express, has entered voluntary administration after 35 years in business. The Queensland-based company, which launched in 1990 and built a national road transport logistics network, has appointed FTI Consulting as voluntary administrators to carry out what it describes as an “urgent assessment” of the company’s viability. The…
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Hindusthan National Glass & Industries Insolvency Saga: A case that may redefine IBC
Hindusthan National Glass & Industries Ltd’s corporate insolvency resolution process (CIRP) has emerged as one of the most prolonged and controversial episodes in the history of the country’s Insolvency and Bankruptcy Code (IBC), which came into existence in 2016 to offer a consolidated and time-bound process for the resolution of insolvency and bankruptcy cases. Initiated…
REVEALED: Latest business liquidations in Livingstone – The Courier Mail
REVEALED: Latest business liquidations in Livingstone The Courier Mail Read the original article here