The company, which provided installation and services of solar power, pool heating and hot water systems, has ceased trading and staff have been terminated. The first liquidator’s report said Kiwibank holds a General Security Agreement – granting it security interest over the borrower’s assets – and is owed $1.8m. Kiwibank had engaged Ruscoe and Keen…
A perfect storm of adverse events has seen South Australian dairy company Beston Global Food Company go into voluntary administration. Beyond the farmers who supply the milk to the company, an additional 159 workers at the company’s Jervois and Murray Bridge sites will be affected by the development. Beston was known for its cream cheese…
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The Delhi Bench of the National Company Law Appellate Tribunal (NCLAT) rejected the appellant’s corporate guarantee claim as time-barred and held that the 388-day delay violates the provisions of Section 12 of the Insolvency and Bankruptcy Code, 2016. In this case, the appeal was filed by Moneywise Financial Services Private Limited under Section 61 of…
The Insolvency Law Academy (ILA) is pleased to announce that its 4th Annual Conference will be held from 24 to 26 January 2026 at the Ramoji Film City in Hyderabad, India. Founded by Sumant Batra (International Fellow of the American College of Bankruptcy and past President of INSOL International), the ILA is a leading think tank committed to…
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“The IRD’s got quite a lot of arrears that they need to collect in, which built up post-Covid when they were taking the more softly approach. “Historically, they’re closer to an even split between themselves and all other creditors, but at the moment, they’re definitely making up a large portion of the applications.” The ramp-up…