“While I’m doing so and until we fully understand the situation, it wouldn’t be appropriate to comment further. “In the meantime, and by mutual agreement, Jazz is taking a few days’ leave,” Wilson said. Chief executive of Auckland Council Phil Wilson. Wilson said neither he nor the mayor was aware of the existence of the…
Banned car dealership could face $200k fine as liquidation looms The Press Read the original article here
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A company belonging to a key official in Auckland mayor Wayne Brown’s office is in liquidation owing $570,000 in tax, with the mayor unaware. Brown’s chief of staff Jaswant Sailendra Singh (Jazz) called in the liquidators on June 4, for his property development company Traxx Investments Limited. The first report by liquidators Steven Knov and…
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Yogesh Khanna (Judicial Member) and Mr. Indevar Pandey (Technical Member) exercising its inherent powers under Rule 11 of the NCLAT Rules, 2016, has closed the Corporate Insolvency Resolution Process (“CIRP”) against Grand Reality Pvt. Ltd. through the ‘Reverse CIRP’ mechanism. The project was…
KPMG announced that David Hardy, George Georges, and Emily Seeckts had been appointed administrators of fast-food stores in Victoria, New South Wales, and Queensland. Twenty-four stores across the country are affected, and hundreds of jobs were set to be lost. KPMG voluntary administrators have now assumed day-to-day control of CJ’s Group. In a statement, KPMG…
As New Zealand businesses continue to face mounting financial pressure, one firm is urging owners not to wait until the only choice left is liquidation. BWA Insolvency is a leading New Zealand specialist in voluntary administration (VA), a process that allows financially distressed companies to restructure and recover rather than collapse. But despite its potential…
Case Title: Blossom Zest Flat Buyers Welfare Association v. Greater Noida Industrial Development Authority and Ors. A plea has been filed before the Supreme Court seeking review of its judgment dated February 12, 2024 which classified Greater Noida Industrial Development Authority as a ‘secured creditor’ for the purposes of Corporate Insolvency Resolution Processes under the…
Muswellbrook’s Mayor has spoken out, following news one of the Shire’s coal mines is on the brink of collapse. Jeff Drayton says some local businesses have been left hundreds of thousands of dollars out of pocket – as Dartbrook Mine is placed into administration. Read the original article here
Image: Jovannig/stock.adobe.com It’s a case of another day and another Australian transport company exiting the industry, with Transtar Linehaul entering administration. On July 7, the New South Wales based operator appointed Hamilton Murphy as administrators, with a first meeting held with creditors yesterday. On Hamilton Murphy’s website, it has also called for expressions…