Nourisher, which produces locally-sourced yoghurts, soups, and tray meals, is facing a resolution to wind up the company. The products made by the firm, which is based in Calmore Industrial Estate, were supplied to major supermarket chains, including Aldi and Tesco. The company employs around 100 staff, many of whom live in Totton and its…
ASIC’s annual insolvency data shows more than 11,000 companies entered external administration for the first time in 2023-24. While this is slightly higher than prior peaks seen in 2011–12 and 2012–13, it is proportionately smaller as there are now nearly 3.4 million companies in Australia compared to around two million in 2012. The current ratio…
By Catherine Marfin · July 1, 2025, 6:05 PM EDT A small Texas residential and commercial solar company has filed for Chapter 7 liquidation in federal court, citing $3.9 million in liabilities…. To view the full article, register now. Read the original article here
Heartland Bank, German firms claim millions in Nelson storage firm liquidation The Press Read the original article here
Australian logistics operator XL Express has entered voluntary administration, with advisory firm FTI Consulting appointed to manage the process and assess the future of the company. The Queensland-based business, established in 1990, has built a national footprint in road transport and distribution over more than three decades. It is best known for operating a broad…
Controversial property developer Dean Franklin’s Formcrete Construction Ltd has gone into liquidation owing $7.5 million in spite of a Jack’s Point email to residents yesterday claiming the move was just “a strategic clean up.” Creditors included in today’s first liquidators report include the IRD (owed $2.449 million in GST and…
The principles guiding the court’s discretion in constituting a COI are well established, and the main goal is to ensure that the composition of the COI is fair, balanced, and conducive to the efficient supervision of the liquidation. The Hong Kong Court recently handed down a decision (Re China Evergrande Group (in liquidation) [2025] HKCFI…
According to a statutory report filed with the Australian Securities and Investments Commission (ASIC) by the liquidator, another company run by Mr Hersee, known as Sage Painting Port Stephens, purchased Sage Painting’s business, intellectual property, plant and equipment before it was placed in liquidation. Read the original article here
Formcrete Construction owes $7.4m as liquidation unfolds BusinessDesk | NZ Read the original article here
In its recent decision on the autonomy of stakeholders in a voluntary liquidation process, the National Company Law Appellate Tribunal (NCLAT) decisively settled the scope of judicial intervention under Section 59 of the Insolvency and Bankruptcy Code, 2016 (IBC). The Ld. Appellate Tribunal held that once a corporate debtor has lawfully replaced a voluntary liquidator…