Bankrupt airline Go First now faces a lawsuit over missing tyres leased to it by the Japanese tyre maker Bridgestone. The tyre company, which had leased 1,400 tyres to the airline at $200-700 per tyre per month, now wants them back. Its Thailand subsidiary, Bridgestone Aircraft Tire Manufacturing (Thailand) Company, has petitioned the National Company…
Trucking company collapses with $1m debt The Australian Read the original article here
The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…
The meeting was told an investigation was ongoing into whether the business had traded while insolvent – meaning the business continued operating despite being unable to pay its debts. If proven, Kellock could be personally liable for some of the unpaid debts. Loading “[Which means] the parties could pursue them [the directors], and if they…
A Brisbane trucking company has collapsed into voluntary administration after 23 years of operation. ASIC records show Newnham Trucking, based near Logan in Brisbane’s south, entered voluntary administration this week after it stopped trading in June. The Courier Mail reported the company owed about $1m in debts. A creditors’ meeting has been scheduled for next…
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