Appellate tribunal NCLAT has clarified that the National Company Law Tribunal (NCLT) can order an investigation into the affairs of a company by probe agencies in cases related to the Insolvency & Bankruptcy Code by exercising its power under the Companies Act. The NCLAT order came on May 15 over a plea filed by Max…
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Plant-based dairy brand, Little Island Creamery, in liquidation Stuff Read the original article here
The $96,000 migrant worker penalty that wasn’t paid, and likely never will be Stuff Read the original article here
Sustainable fashion brand Hemper has filed for creditor bankruptcy and liquidation due to insolvency. The Madrid-based company also presented a bid for the acquisition of some of its assets. In an official statement released June 16, 2025, Hemper’s management announced the company’s bankruptcy filing. The sustainable fashion and accessories brand, which specialises in showcasing hemp…
Australia’s once-thriving tech retailer Mwave has officially entered voluntary administration, according to filings made with the Australian Securities and Investments Commission (ASIC) on 13 June 2025. The move marks a significant turn for the online PC and peripherals giant, which has long been considered a go-to destination for tech enthusiasts, gamers, and professional users. Founded…
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It raised a further $409,287 three years later. At the time of the 2023 raise, managing director Wade Gillooly said the company had been through some difficult times. “The past few years have been challenging for Little Island, and I believe the business has not adapted and moved quickly enough during this period,” Gillooly said.…
Filed via the Australian Securities and Investments Commission. Australian computer and technology reseller Mwave.com.au has entered voluntary administration. In a filing registered on Friday June 13 2025 via the Australian Securities and Investments Commission, it shows the company’s status is in external administration. In documents seen by CRN Australia, Mwave’s parent company Esel Pty Ltd…