Liquidators for embattled Victorian publisher Shawline have confirmed hundreds of authors and the tax office are owed more than $800,000. The Ballarat-based business is in liquidation amid claims of unpaid royalties and dishonoured contracts and affected authors are losing hope of clawing back their share of the $840,000 debt. It is expected none of them…
Another huge retail chain liquidating after Chapter 11 bankruptcy MSN Read the original article here
Alexandr Vakiy and Max Bulgakov came to live in Ireland in the late 1990s at the age of 24. Both from Ukraine, they quickly went into business together, and over the years that followed, they built a nationwide chain of grocery stores and a wholesale distribution business with annual revenues of €33 million. …
A Christchurch hair salon based at Northlands Mall has been placed into liquidation. Rodney Wayne Northlands officially ceased trading on 10 June 2025, and liquidators Lynda Smart and Derek Ah Sam of Rodgers Reidy were appointed that afternoon following a shareholder resolution. Other Rodney Wayne stores are not affected. In a report, the liquidators said…
Jaiprakash Associates Ltd. (JAL), the debt-laden infrastructure and real estate giant, has attracted significant attention from a diverse set of prominent suitors, with six resolution plans making the cut for final consideration. Among the shortlisted bidders are industry stalwarts such as Adani Group, Vedanta, JSPL (Naveen Jindal), Suraksha Group, Dalmia Bharat, and PNC Infratech. These…
The corporate affairs ministry has finalised amendments to the Insolvency and Bankruptcy Code (IBC), following approval by the Prime Minister’s Office (PMO), people with knowledge of the matter said. This comes after months of deliberations and is aimed at expediting the resolution of bankrupt firms and bolstering recoveries by creditors. The proposed amendments include a…
Melbourne building collapses into voluntary administration – leaving projects in the lurch MSN Read the original article here
If you feel like you’ve seen the words “voluntary administration” just about everywhere this year, you’d be on the money. From airlines to outback events, few companies have been free from the pinch of the economic climate. So what exactly is voluntary administration? Why are we seeing more businesses surrender to it, and is there…
The Adani Group, Dalmia Bharat, and Vedanta are said to be among the six companies that have submitted financial bids for Jaiprakash Associates (JAL), which is currently undergoing corporate insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). The deadline for submission of financial bids, initially set for June 9, was extended to June 24.…
Jaiprakash Associates Ltd (JAL) on Wednesday said it has received five bids along with earnest money for the acquisition of the company through insolvency process. In a regulatory filing, Jaiprakash Associates Ltd (JAL) informed that it has received five resolution plans. “… In response to the request for resolution plan issued in the corporate insolvency…