Cornell Diesel Systems has been around for over 50 years. Image: Supplied One of Australia’s leading diesel systems specialists has entered administration, leaving hundreds of staff facing an uncertain future. A total of 23 companies under the Cornell and MTQ Group entered voluntary administration late last month with unknown debts. The most well-known trading entity,…
Melbourne‘s KOI Dessert Bar, founded by MasterChef star Reynold Poernomo and his brothers, has entered voluntary administration little more than a year after opening its doors. The Queen & Collins venue launched in July 2024 with a 42-seat dining room, retail patisserie, and high-end dessert sculptures. It marked KOI’s first expansion outside Sydney, where the…
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Liquidators looking for buyer for Wellington events company Hiremaster BusinessDesk | NZ Read the original article here
The National Company Law Appellate Tribunal (NCLAT) has paved the way for insolvency proceedings against Supertech Realtors over its ambitious Supernova project. The developer is facing legal action following a petition by the Bank of Maharashtra, which claims the company defaulted on its financial obligations. After reviewing the situation, the NCLAT supported the earlier…
General Pants Co supplier lodges winding-up order Inside Retail Australia Read the original article here
Gupta coal mine faces liquidation as creditors lose patience The Australian Read the original article here
Get Starting Point A guide through the most important stories of the morning, delivered Monday through Friday. AVIATION Startup Merlin Labs valued at $800 million in deal to go public Merlin Labs wants to test its autonomous aviation software at Hanscom.Photo courtesy of Merlin Labs Autonomous aviation startup Merlin Labs will soon be soaring into…