The Western Cape High Court has placed the controversial trading platform and former Bafana Bafana sponsor Banxso in provisional liquidation. Carol Wentzel, a pensioner, brought the winding-up application after responding to an online advertisement featuring Elon Musk and losing a substantial portion of her life savings on the platform. Wentzel was one of several people…
Voluntary Liquidation: Why Companies Like The Projector, Reebonz, and Hooq Chose To Wind Up DollarsAndSense.sg Read the original article here
“You saw signs with the Reserve Bank statement earlier this week around cutting interest rates again … It does help to sort of ease some of the cost-of-living pressures for households,” Kiernan said. “But housing is still unaffordable, house prices are still relatively high, and rental yields don’t look great from an investor point of…
Acropolis Greek Taverna in London Road, Headington is bustling with life and “committed” to entertaining its customers, the restaurant owner has said. Owner Ammena Abdu said: “Acropolis Greek Taverna is open as usual and has no plans to close. “We remain committed to serving our customers in Headington.” READ MORE: Trial date set for ‘sophisticated’ RAF Brize…
Inside the demise of mysterious oil company which was once the best performing stock in Ireland The Journal Read the original article here
Insolvencies edge up in cautious July Hartlepool Mail Read the original article here
This week’s TGIF examines the recent decision of the Federal Court in Reid, in the matter of Kununurra Panel Beating Works (Holdings) Pty Ltd Ltd (in liq) [2025] FCA 593 (Kununurra). In providing a helpful summary of the principles applicable to applications for pooling orders, the Court has also indicated that the traditionally broad scope…
The company had previously sought a royalty deferral from the Queensland Revenue Office, which was rejected on 29 July. Credit: Frank_James/Shutterstock. Bowen Coking Coal has entered voluntary administration, a move that has heightened concerns regarding the future of the coal industry in… Read the original article here
The creditors’ position would continue to “play out” through the administration process, Gammel said. “Were still hopeful of getting a sale away and parties are working very hard to do that,” he said. “The guys [at 1800 Lasagne] are still continuing to trade because they really believe in the business and want to keep it…
The Insolvency and Bankruptcy Code, 2016 was a watershed moment in India’s corporate regulatory landscape. It replaced the patchwork of old laws and consolidated it within a single and efficient insolvency framework with a goal to rescue viable companies and to ensure a seamless exit for those that were beyond repair. The core objective of…