Neville Walton wasn’t expecting forgiveness from the Australian Tax Office. Then the publican discovered a legal way that he could wipe a massive chunk of his historic hotel’s unpaid $350,000 tax bill, and keep himself pulling beers behind the bar. “I’m sure [anybody would] jump at that opportunity,” Mr Walton says. Mr Walton’s story highlights…
One of Liverpool’s longest-established PR and marketing agencies has gone into liquidation. Moore Media was founded in 2012 by award-winning entrepreneur Jayne Moore, specialising in waterfront regeneration, growth strategy, reputation management, crisis management, and integrating social value within ESG strategies. Last year the company employed 12 people but Moore said the integrated PR and marketing…
A Christchurch painting and maintenance contractor has gone into liquidation owing creditors an estimated $2.6 million. The collapse of Phil Clarke & Son Ltd has left staff out of pocket by about $100,000 in wages and holiday pay, while Inland Revenue (IRD) is owed $1.8m. The business was placed into liquidation on July 8 by…
Loch Lomond Seaplanes cancelled all its flights and issued a message on its website in April to confirm it had ceased trading. A pop-up message on the website, which is still available, states: “Please be advised that Loch Lomond Seaplanes has ceased trading. If you have tickets or a flight booked then someone will be in touch…
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Australian theatre production company David Venn Enterprises has collapsed with debts totaling $7.5 million, leaving dozens of cast and crew unpaid and sparking controversy over the launch of a new venture tied to the same producer. As reported by Sky News Australia, David Venn Enterprises, the firm behind Elvis: A Musical Revolution and Cruel Intentions:…
Ransomware and Data Extortion Attacks in Insolvency Scenarios FTI Consulting Read the original article here
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member), Mr. Barun Mitra (Technical Member) and Mr. Arun Baroka (Technical Member) has held that the right of the financial creditor to seek revival of the original application filed under Section 7 of the Code cannot be taken away merely…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that claims filed by homebuyers cannot be rejected merely for being filed beyond the stipulated time period, if the homebuyer’s unit is reflected in the list of homebuyers who had not…
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